Alaska Air Group Balance Sheet Health
Financial Health criteria checks 3/6
Alaska Air Group has a total shareholder equity of $4.0B and total debt of $2.6B, which brings its debt-to-equity ratio to 64.5%. Its total assets and total liabilities are $14.8B and $10.8B respectively. Alaska Air Group's EBIT is $775.0M making its interest coverage ratio 35.2. It has cash and short-term investments of $2.3B.
Key information
64.5%
Debt to equity ratio
US$2.57b
Debt
Interest coverage ratio | 35.2x |
Cash | US$2.28b |
Equity | US$3.98b |
Total liabilities | US$10.84b |
Total assets | US$14.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0HC3's short term assets ($3.1B) do not cover its short term liabilities ($4.8B).
Long Term Liabilities: 0HC3's short term assets ($3.1B) do not cover its long term liabilities ($6.0B).
Debt to Equity History and Analysis
Debt Level: 0HC3's net debt to equity ratio (7.2%) is considered satisfactory.
Reducing Debt: 0HC3's debt to equity ratio has increased from 52.4% to 64.5% over the past 5 years.
Debt Coverage: 0HC3's debt is well covered by operating cash flow (43.7%).
Interest Coverage: 0HC3's interest payments on its debt are well covered by EBIT (35.2x coverage).