Skymark Airlines Balance Sheet Health
Financial Health criteria checks 5/6
Skymark Airlines has a total shareholder equity of ¥22.3B and total debt of ¥30.0B, which brings its debt-to-equity ratio to 134.5%. Its total assets and total liabilities are ¥101.6B and ¥79.3B respectively. Skymark Airlines's EBIT is ¥3.8B making its interest coverage ratio 11.7. It has cash and short-term investments of ¥25.3B.
Key information
134.5%
Debt to equity ratio
JP¥30.00b
Debt
| Interest coverage ratio | 11.7x |
| Cash | JP¥25.33b |
| Equity | JP¥22.30b |
| Total liabilities | JP¥79.33b |
| Total assets | JP¥101.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7SA's short term assets (¥38.8B) do not cover its short term liabilities (¥53.0B).
Long Term Liabilities: 7SA's short term assets (¥38.8B) exceed its long term liabilities (¥26.3B).
Debt to Equity History and Analysis
Debt Level: 7SA's net debt to equity ratio (21%) is considered satisfactory.
Reducing Debt: 7SA's debt to equity ratio has reduced from 166.9% to 134.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 7SA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 7SA is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 10.2% per year.