Finnair Oyj Balance Sheet Health
Financial Health criteria checks 2/6
Finnair Oyj has a total shareholder equity of €587.4M and total debt of €751.6M, which brings its debt-to-equity ratio to 128%. Its total assets and total liabilities are €3.6B and €3.1B respectively. Finnair Oyj's EBIT is €146.9M making its interest coverage ratio 1.7. It has cash and short-term investments of €941.2M.
Key information
128.0%
Debt to equity ratio
€751.60m
Debt
| Interest coverage ratio | 1.7x |
| Cash | €941.20m |
| Equity | €587.40m |
| Total liabilities | €3.06b |
| Total assets | €3.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0EG8's short term assets (€1.3B) do not cover its short term liabilities (€1.5B).
Long Term Liabilities: 0EG8's short term assets (€1.3B) do not cover its long term liabilities (€1.6B).
Debt to Equity History and Analysis
Debt Level: 0EG8 has more cash than its total debt.
Reducing Debt: 0EG8's debt to equity ratio has increased from 65.3% to 128% over the past 5 years.
Debt Coverage: 0EG8's debt is well covered by operating cash flow (53.9%).
Interest Coverage: 0EG8's interest payments on its debt are not well covered by EBIT (1.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 20:11 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Finnair Oyj is covered by 16 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Lars Heindorff | ABG Sundal Collier |
| Matti Riikonen | Carnegie Investment Bank AB |
| Robin Nyberg | Carnegie Investment Bank AB |