Jet2 Balance Sheet Health
Financial Health criteria checks 6/6
Jet2 has a total shareholder equity of £1.8B and total debt of £700.6M, which brings its debt-to-equity ratio to 39.2%. Its total assets and total liabilities are £5.9B and £4.1B respectively. Jet2's EBIT is £512.7M making its interest coverage ratio -5.6. It has cash and short-term investments of £3.6B.
Key information
39.2%
Debt to equity ratio
UK£700.60m
Debt
| Interest coverage ratio | -5.6x |
| Cash | UK£3.60b |
| Equity | UK£1.79b |
| Total liabilities | UK£4.14b |
| Total assets | UK£5.92b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DG1's short term assets (£3.9B) exceed its short term liabilities (£2.7B).
Long Term Liabilities: DG1's short term assets (£3.9B) exceed its long term liabilities (£1.4B).
Debt to Equity History and Analysis
Debt Level: DG1 has more cash than its total debt.
Reducing Debt: DG1's debt to equity ratio has reduced from 112.3% to 39.2% over the past 5 years.
Debt Coverage: DG1's debt is well covered by operating cash flow (168%).
Interest Coverage: DG1 earns more interest than it pays, so coverage of interest payments is not a concern.