Finnair Oyj Balance Sheet Health
Financial Health criteria checks 2/6
Finnair Oyj has a total shareholder equity of €587.4M and total debt of €751.6M, which brings its debt-to-equity ratio to 128%. Its total assets and total liabilities are €3.6B and €3.1B respectively. Finnair Oyj's EBIT is €146.9M making its interest coverage ratio 1.7. It has cash and short-term investments of €941.2M.
Key information
128.0%
Debt to equity ratio
€751.60m
Debt
| Interest coverage ratio | 1.7x |
| Cash | €941.20m |
| Equity | €587.40m |
| Total liabilities | €3.06b |
| Total assets | €3.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FAI0's short term assets (€1.3B) do not cover its short term liabilities (€1.5B).
Long Term Liabilities: FAI0's short term assets (€1.3B) do not cover its long term liabilities (€1.6B).
Debt to Equity History and Analysis
Debt Level: FAI0 has more cash than its total debt.
Reducing Debt: FAI0's debt to equity ratio has increased from 65.3% to 128% over the past 5 years.
Debt Coverage: FAI0's debt is well covered by operating cash flow (53.9%).
Interest Coverage: FAI0's interest payments on its debt are not well covered by EBIT (1.7x coverage).