Alaska Air Group Balance Sheet Health
Financial Health criteria checks 3/6
Alaska Air Group has a total shareholder equity of $4.2B and total debt of $2.7B, which brings its debt-to-equity ratio to 63.2%. Its total assets and total liabilities are $15.3B and $11.1B respectively. Alaska Air Group's EBIT is $724.0M making its interest coverage ratio 25. It has cash and short-term investments of $2.5B.
Key information
63.2%
Debt to equity ratio
US$2.67b
Debt
| Interest coverage ratio | 25x |
| Cash | US$2.51b |
| Equity | US$4.23b |
| Total liabilities | US$11.12b |
| Total assets | US$15.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ALK's short term assets ($3.4B) do not cover its short term liabilities ($5.0B).
Long Term Liabilities: ALK's short term assets ($3.4B) do not cover its long term liabilities ($6.1B).
Debt to Equity History and Analysis
Debt Level: ALK's net debt to equity ratio (3.9%) is considered satisfactory.
Reducing Debt: ALK's debt to equity ratio has increased from 46% to 63.2% over the past 5 years.
Debt Coverage: ALK's debt is well covered by operating cash flow (40.8%).
Interest Coverage: ALK's interest payments on its debt are well covered by EBIT (25x coverage).