Jet2 Balance Sheet Health
Financial Health criteria checks 6/6
Jet2 has a total shareholder equity of £1.6B and total debt of £760.9M, which brings its debt-to-equity ratio to 47.5%. Its total assets and total liabilities are £5.3B and £3.7B respectively. Jet2's EBIT is £494.4M making its interest coverage ratio -9.3. It has cash and short-term investments of £3.2B.
Key information
47.5%
Debt to equity ratio
UK£760.90m
Debt
Interest coverage ratio | -9.3x |
Cash | UK£3.21b |
Equity | UK£1.60b |
Total liabilities | UK£3.65b |
Total assets | UK£5.25b |
Recent financial health updates
Jet2 (LON:JET2) Has A Rock Solid Balance Sheet
Jan 31We Think Jet2 (LON:JET2) Can Stay On Top Of Its Debt
Jul 28These 4 Measures Indicate That Jet2 (LON:JET2) Is Using Debt Reasonably Well
Dec 27Health Check: How Prudently Does Jet2 (LON:JET2) Use Debt?
Aug 17Health Check: How Prudently Does Jet2 (LON:JET2) Use Debt?
Jan 26Health Check: How Prudently Does Jet2 (LON:JET2) Use Debt?
Sep 26Recent updates
If EPS Growth Is Important To You, Jet2 (LON:JET2) Presents An Opportunity
Mar 21Benign Growth For Jet2 plc (LON:JET2) Underpins Its Share Price
Mar 02Slowing Rates Of Return At Jet2 (LON:JET2) Leave Little Room For Excitement
Feb 14Jet2 (LON:JET2) Has A Rock Solid Balance Sheet
Jan 31Is There An Opportunity With Jet2 plc's (LON:JET2) 40% Undervaluation?
Jan 04With EPS Growth And More, Jet2 (LON:JET2) Makes An Interesting Case
Dec 11Jet2 (LON:JET2) Is Due To Pay A Dividend Of £0.04
Nov 26Investors Will Want Jet2's (LON:JET2) Growth In ROCE To Persist
Sep 14We Think Jet2 (LON:JET2) Can Stay On Top Of Its Debt
Jul 28Estimating The Fair Value Of Jet2 plc (LON:JET2)
Apr 21Returns On Capital At Jet2 (LON:JET2) Have Hit The Brakes
Mar 25These 4 Measures Indicate That Jet2 (LON:JET2) Is Using Debt Reasonably Well
Dec 27The Jet2 plc (LON:JET2) Half-Year Results Are Out And Analysts Have Published New Forecasts
Nov 27Health Check: How Prudently Does Jet2 (LON:JET2) Use Debt?
Aug 17Calculating The Intrinsic Value Of Jet2 plc (LON:JET2)
Feb 22Health Check: How Prudently Does Jet2 (LON:JET2) Use Debt?
Jan 26Health Check: How Prudently Does Jet2 (LON:JET2) Use Debt?
Sep 26Some Analysts Just Cut Their Jet2 plc (LON:JET2) Estimates
Jul 23Some Analysts Just Cut Their Jet2 plc (LON:JET2) Estimates
Jul 09An Intrinsic Calculation For Jet2 plc (LON:JET2) Suggests It's 47% Undervalued
May 31Have Insiders Been Selling Jet2 plc (LON:JET2) Shares?
Mar 10Are Investors Undervaluing Jet2 plc (LON:JET2) By 32%?
Feb 12Is Jet2's (LON:JET2) 135% Share Price Increase Well Justified?
Jan 17Jet2 (LON:JET2) Has Debt But No Earnings; Should You Worry?
Nov 30Dart Group PLC's (LON:DTG) Shares Lagging The Market But So Is The Business
Jul 30Newsflash: Dart Group PLC (LON:DTG) Analysts Have Been Trimming Their Revenue Forecasts
Jul 15Could The Market Be Wrong About Dart Group PLC (LON:DTG) Given Its Attractive Financial Prospects?
Jul 13Have Dart Group PLC (LON:DTG) Insiders Been Selling Their Stock?
Jul 13Financial Position Analysis
Short Term Liabilities: JET2's short term assets (£3.6B) exceed its short term liabilities (£2.2B).
Long Term Liabilities: JET2's short term assets (£3.6B) exceed its long term liabilities (£1.4B).
Debt to Equity History and Analysis
Debt Level: JET2 has more cash than its total debt.
Reducing Debt: JET2's debt to equity ratio has reduced from 108.7% to 47.5% over the past 5 years.
Debt Coverage: JET2's debt is well covered by operating cash flow (127.2%).
Interest Coverage: JET2 earns more interest than it pays, so coverage of interest payments is not a concern.