International Consolidated Airlines Group Balance Sheet Health
Financial Health criteria checks 3/6
International Consolidated Airlines Group has a total shareholder equity of €3.3B and total debt of €7.1B, which brings its debt-to-equity ratio to 217.1%. Its total assets and total liabilities are €37.7B and €34.4B respectively. International Consolidated Airlines Group's EBIT is €3.6B making its interest coverage ratio 5.1. It has cash and short-term investments of €6.8B.
Key information
217.1%
Debt to equity ratio
€7.12b
Debt
Interest coverage ratio | 5.1x |
Cash | €6.81b |
Equity | €3.28b |
Total liabilities | €34.40b |
Total assets | €37.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IAG's short term assets (€10.7B) do not cover its short term liabilities (€17.0B).
Long Term Liabilities: IAG's short term assets (€10.7B) do not cover its long term liabilities (€17.4B).
Debt to Equity History and Analysis
Debt Level: IAG's net debt to equity ratio (9.4%) is considered satisfactory.
Reducing Debt: IAG's debt to equity ratio has increased from 23.5% to 217.1% over the past 5 years.
Debt Coverage: IAG's debt is well covered by operating cash flow (68.4%).
Interest Coverage: IAG's interest payments on its debt are well covered by EBIT (5.1x coverage).