SkyWest Balance Sheet Health
Financial Health criteria checks 3/6
SkyWest has a total shareholder equity of $2.3B and total debt of $2.7B, which brings its debt-to-equity ratio to 116.5%. Its total assets and total liabilities are $7.0B and $4.6B respectively. SkyWest's EBIT is $380.5M making its interest coverage ratio 5.5. It has cash and short-term investments of $836.0M.
Key information
116.5%
Debt to equity ratio
US$2.69b
Debt
| Interest coverage ratio | 5.5x |
| Cash | US$836.04m |
| Equity | US$2.31b |
| Total liabilities | US$4.65b |
| Total assets | US$6.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SY2's short term assets ($1.1B) do not cover its short term liabilities ($1.3B).
Long Term Liabilities: SY2's short term assets ($1.1B) do not cover its long term liabilities ($3.3B).
Debt to Equity History and Analysis
Debt Level: SY2's net debt to equity ratio (80.4%) is considered high.
Reducing Debt: SY2's debt to equity ratio has reduced from 141% to 116.5% over the past 5 years.
Debt Coverage: SY2's debt is well covered by operating cash flow (27.1%).
Interest Coverage: SY2's interest payments on its debt are well covered by EBIT (5.5x coverage).