Allegiant Travel Balance Sheet Health
Financial Health criteria checks 3/6
Allegiant Travel has a total shareholder equity of $1.3B and total debt of $1.8B, which brings its debt-to-equity ratio to 135.8%. Its total assets and total liabilities are $4.9B and $3.5B respectively. Allegiant Travel's EBIT is $250.5M making its interest coverage ratio 4.1. It has cash and short-term investments of $814.7M.
Key information
135.8%
Debt to equity ratio
US$1.80b
Debt
| Interest coverage ratio | 4.1x |
| Cash | US$814.67m |
| Equity | US$1.33b |
| Total liabilities | US$3.54b |
| Total assets | US$4.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AGH's short term assets ($1.0B) do not cover its short term liabilities ($1.2B).
Long Term Liabilities: AGH's short term assets ($1.0B) do not cover its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: AGH's net debt to equity ratio (74.5%) is considered high.
Reducing Debt: AGH's debt to equity ratio has reduced from 184.2% to 135.8% over the past 5 years.
Debt Coverage: AGH's debt is well covered by operating cash flow (23.4%).
Interest Coverage: AGH's interest payments on its debt are well covered by EBIT (4.1x coverage).