Air China Balance Sheet Health
Financial Health criteria checks 1/6
Air China has a total shareholder equity of CN¥35.0B and total debt of CN¥157.5B, which brings its debt-to-equity ratio to 449.6%. Its total assets and total liabilities are CN¥341.3B and CN¥306.3B respectively. Air China's EBIT is CN¥2.1B making its interest coverage ratio 0.6. It has cash and short-term investments of CN¥22.5B.
Key information
449.6%
Debt to equity ratio
CN¥157.54b
Debt
Interest coverage ratio | 0.6x |
Cash | CN¥22.47b |
Equity | CN¥35.04b |
Total liabilities | CN¥306.28b |
Total assets | CN¥341.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AD2's short term assets (CN¥40.6B) do not cover its short term liabilities (CN¥123.1B).
Long Term Liabilities: AD2's short term assets (CN¥40.6B) do not cover its long term liabilities (CN¥183.2B).
Debt to Equity History and Analysis
Debt Level: AD2's net debt to equity ratio (385.5%) is considered high.
Reducing Debt: AD2's debt to equity ratio has increased from 55.9% to 449.6% over the past 5 years.
Debt Coverage: AD2's debt is well covered by operating cash flow (24.1%).
Interest Coverage: AD2's interest payments on its debt are not well covered by EBIT (0.6x coverage).