easyJet Balance Sheet Health
Financial Health criteria checks 4/6
easyJet has a total shareholder equity of £2.8B and total debt of £1.9B, which brings its debt-to-equity ratio to 68.7%. Its total assets and total liabilities are £9.8B and £7.1B respectively. easyJet's EBIT is £468.0M making its interest coverage ratio 10. It has cash and short-term investments of £2.9B.
Key information
68.7%
Debt to equity ratio
UK£1.92b
Debt
| Interest coverage ratio | 10x |
| Cash | UK£2.93b |
| Equity | UK£2.79b |
| Total liabilities | UK£7.05b |
| Total assets | UK£9.84b |
Recent financial health updates
These 4 Measures Indicate That easyJet (LON:EZJ) Is Using Debt Reasonably Well
Jan 21
These 4 Measures Indicate That easyJet (LON:EZJ) Is Using Debt Extensively
Sep 21Here's Why easyJet (LON:EZJ) Has A Meaningful Debt Burden
Jun 14Is easyJet (LON:EZJ) Using Debt In A Risky Way?
Dec 30Is easyJet (LON:EZJ) Weighed On By Its Debt Load?
Sep 22Is easyJet (LON:EZJ) Using Debt In A Risky Way?
Jun 07Recent updates
With easyJet plc (LON:EZJ) It Looks Like You'll Get What You Pay For
Apr 06Be Wary Of easyJet (LON:EZJ) And Its Returns On Capital
Feb 26These 4 Measures Indicate That easyJet (LON:EZJ) Is Using Debt Reasonably Well
Jan 21Investors Holding Back On easyJet plc (LON:EZJ)
Jan 03Shareholders Can Be Confident That easyJet's (LON:EZJ) Earnings Are High Quality
Dec 05Capital Allocation Trends At easyJet (LON:EZJ) Aren't Ideal
Nov 14These 4 Measures Indicate That easyJet (LON:EZJ) Is Using Debt Extensively
Sep 21easyJet (LON:EZJ) Will Want To Turn Around Its Return Trends
Aug 04Here's Why easyJet (LON:EZJ) Has A Meaningful Debt Burden
Jun 14Is easyJet (LON:EZJ) Using Debt In A Risky Way?
Dec 30Is easyJet (LON:EZJ) Weighed On By Its Debt Load?
Sep 22Is easyJet (LON:EZJ) Using Debt In A Risky Way?
Jun 07Calculating The Intrinsic Value Of easyJet plc (LON:EZJ)
May 11Auditors Have Doubts About easyJet (LON:EZJ)
Dec 15Is There An Opportunity With easyJet plc's (LON:EZJ) 29% Undervaluation?
Oct 18Does This Valuation Of easyJet plc (LON:EZJ) Imply Investors Are Overpaying?
Jul 02easyJet plc (LON:EZJ) Analysts Are Cutting Their Estimates: Here's What You Need To Know
May 22Need To Know: The Consensus Just Cut Its easyJet plc (LON:EZJ) Estimates For 2021
Apr 17Does This Valuation Of easyJet plc (LON:EZJ) Imply Investors Are Overpaying?
Mar 19Health Check: How Prudently Does easyJet (LON:EZJ) Use Debt?
Feb 25Do Its Financials Have Any Role To Play In Driving easyJet plc's (LON:EZJ) Stock Up Recently?
Nov 18
Financial Position Analysis
Short Term Liabilities: EZJ's short term assets (£4.1B) do not cover its short term liabilities (£4.1B).
Long Term Liabilities: EZJ's short term assets (£4.1B) exceed its long term liabilities (£2.9B).
Debt to Equity History and Analysis
Debt Level: EZJ has more cash than its total debt.
Reducing Debt: EZJ's debt to equity ratio has increased from 27.2% to 68.7% over the past 5 years.
Debt Coverage: EZJ's debt is well covered by operating cash flow (81%).
Interest Coverage: EZJ's interest payments on its debt are well covered by EBIT (10x coverage).