SkyWest Balance Sheet Health
Financial Health criteria checks 2/6
SkyWest has a total shareholder equity of $2.2B and total debt of $2.9B, which brings its debt-to-equity ratio to 133.8%. Its total assets and total liabilities are $7.0B and $4.8B respectively. SkyWest's EBIT is $210.6M making its interest coverage ratio 2.6. It has cash and short-term investments of $821.2M.
Key information
133.8%
Debt to equity ratio
US$2.90b
Debt
Interest coverage ratio | 2.6x |
Cash | US$821.16m |
Equity | US$2.16b |
Total liabilities | US$4.82b |
Total assets | US$6.98b |
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 ($3.5B).
Debt to Equity History and Analysis
Debt Level: SY2's net debt to equity ratio (95.8%) is considered high.
Reducing Debt: SY2's debt to equity ratio has reduced from 154.8% to 133.8% over the past 5 years.
Debt Coverage: SY2's debt is well covered by operating cash flow (25.7%).
Interest Coverage: SY2's interest payments on its debt are not well covered by EBIT (2.6x coverage).