LATAM Airlines Group Balance Sheet Health
Financial Health criteria checks 1/6
LATAM Airlines Group has a total shareholder equity of $588.1M and total debt of $3.1B, which brings its debt-to-equity ratio to 523.1%. Its total assets and total liabilities are $14.9B and $14.3B respectively. LATAM Airlines Group's EBIT is $1.3B making its interest coverage ratio 1.8. It has cash and short-term investments of $1.9B.
Key information
523.1%
Debt to equity ratio
US$3.08b
Debt
Interest coverage ratio | 1.8x |
Cash | US$1.85b |
Equity | US$588.05m |
Total liabilities | US$14.32b |
Total assets | US$14.90b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LFL0's short term assets ($4.3B) do not cover its short term liabilities ($5.7B).
Long Term Liabilities: LFL0's short term assets ($4.3B) do not cover its long term liabilities ($8.6B).
Debt to Equity History and Analysis
Debt Level: LFL0's net debt to equity ratio (208.2%) is considered high.
Reducing Debt: LFL0's debt to equity ratio has increased from 169.7% to 523.1% over the past 5 years.
Debt Coverage: LFL0's debt is well covered by operating cash flow (74.1%).
Interest Coverage: LFL0's interest payments on its debt are not well covered by EBIT (1.8x coverage).