Finnair Oyj Balance Sheet Health
Financial Health criteria checks 2/6
Finnair Oyj has a total shareholder equity of €583.9M and total debt of €907.5M, which brings its debt-to-equity ratio to 155.4%. Its total assets and total liabilities are €3.8B and €3.2B respectively. Finnair Oyj's EBIT is €183.3M making its interest coverage ratio 1.9. It has cash and short-term investments of €994.1M.
Key information
155.4%
Debt to equity ratio
€907.50m
Debt
Interest coverage ratio | 1.9x |
Cash | €994.10m |
Equity | €583.90m |
Total liabilities | €3.23b |
Total assets | €3.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FIA1SH's short term assets (€1.4B) do not cover its short term liabilities (€1.4B).
Long Term Liabilities: FIA1SH's short term assets (€1.4B) do not cover its long term liabilities (€1.8B).
Debt to Equity History and Analysis
Debt Level: FIA1SH has more cash than its total debt.
Reducing Debt: FIA1SH's debt to equity ratio has increased from 68% to 155.4% over the past 5 years.
Debt Coverage: FIA1SH's debt is well covered by operating cash flow (44.6%).
Interest Coverage: FIA1SH's interest payments on its debt are not well covered by EBIT (1.9x coverage).