Sun Country Airlines Holdings Balance Sheet Health
Financial Health criteria checks 2/6
Sun Country Airlines Holdings has a total shareholder equity of $552.5M and total debt of $351.8M, which brings its debt-to-equity ratio to 63.7%. Its total assets and total liabilities are $1.6B and $1.1B respectively. Sun Country Airlines Holdings's EBIT is $97.0M making its interest coverage ratio 2.7. It has cash and short-term investments of $146.5M.
Key information
63.7%
Debt to equity ratio
US$351.78m
Debt
| Interest coverage ratio | 2.7x |
| Cash | US$146.49m |
| Equity | US$552.55m |
| Total liabilities | US$1.06b |
| Total assets | US$1.61b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6X2's short term assets ($226.0M) do not cover its short term liabilities ($380.8M).
Long Term Liabilities: 6X2's short term assets ($226.0M) do not cover its long term liabilities ($676.5M).
Debt to Equity History and Analysis
Debt Level: 6X2's net debt to equity ratio (37.2%) is considered satisfactory.
Reducing Debt: 6X2's debt to equity ratio has increased from 23.4% to 63.7% over the past 5 years.
Debt Coverage: 6X2's debt is well covered by operating cash flow (41.4%).
Interest Coverage: 6X2's interest payments on its debt are not well covered by EBIT (2.7x coverage).