easyJet Balance Sheet Health
Financial Health criteria checks 5/6
easyJet has a total shareholder equity of £3.0B and total debt of £2.1B, which brings its debt-to-equity ratio to 70.8%. Its total assets and total liabilities are £11.0B and £8.1B respectively. easyJet's EBIT is £597.0M making its interest coverage ratio -66.3. It has cash and short-term investments of £3.5B.
Key information
70.8%
Debt to equity ratio
UK£2.11b
Debt
| Interest coverage ratio | -66.3x |
| Cash | UK£3.46b |
| Equity | UK£2.97b |
| Total liabilities | UK£8.06b |
| Total assets | UK£11.04b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EJTS's short term assets (£4.5B) exceed its short term liabilities (£4.5B).
Long Term Liabilities: EJTS's short term assets (£4.5B) exceed its long term liabilities (£3.6B).
Debt to Equity History and Analysis
Debt Level: EJTS has more cash than its total debt.
Reducing Debt: EJTS's debt to equity ratio has increased from 44.6% to 70.8% over the past 5 years.
Debt Coverage: EJTS's debt is well covered by operating cash flow (69.6%).
Interest Coverage: EJTS earns more interest than it pays, so coverage of interest payments is not a concern.