Qantas Airways Balance Sheet Health
Financial Health criteria checks 2/6
Qantas Airways has a total shareholder equity of A$294.0M and total debt of A$5.0B, which brings its debt-to-equity ratio to 1712.6%. Its total assets and total liabilities are A$20.6B and A$20.3B respectively. Qantas Airways's EBIT is A$2.2B making its interest coverage ratio 14.7. It has cash and short-term investments of A$1.8B.
Key information
1,712.6%
Debt to equity ratio
AU$5.04b
Debt
| Interest coverage ratio | 14.7x |
| Cash | AU$1.77b |
| Equity | AU$294.00m |
| Total liabilities | AU$20.27b |
| Total assets | AU$20.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QAN's short term assets (A$4.0B) do not cover its short term liabilities (A$11.7B).
Long Term Liabilities: QAN's short term assets (A$4.0B) do not cover its long term liabilities (A$8.5B).
Debt to Equity History and Analysis
Debt Level: QAN's net debt to equity ratio (1111.6%) is considered high.
Reducing Debt: QAN's debt to equity ratio has increased from 170.4% to 1712.6% over the past 5 years.
Debt Coverage: QAN's debt is well covered by operating cash flow (68.3%).
Interest Coverage: QAN's interest payments on its debt are well covered by EBIT (14.7x coverage).