easyJet Balance Sheet Health
Financial Health criteria checks 5/6
easyJet has a total shareholder equity of £2.4B and total debt of £2.2B, which brings its debt-to-equity ratio to 89.6%. Its total assets and total liabilities are £10.9B and £8.5B respectively. easyJet's EBIT is £520.0M making its interest coverage ratio 104. It has cash and short-term investments of £3.3B.
Key information
89.6%
Debt to equity ratio
UK£2.16b
Debt
| Interest coverage ratio | 104x |
| Cash | UK£3.33b |
| Equity | UK£2.41b |
| Total liabilities | UK£8.49b |
| Total assets | UK£10.91b |
Recent financial health updates
easyJet (LON:EZJ) Seems To Use Debt Quite Sensibly
May 22
These 4 Measures Indicate That easyJet (LON:EZJ) Is Using Debt Reasonably Well
Jan 21These 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 22Recent updates
Return Trends At easyJet (LON:EZJ) Aren't Appealing
Jul 14Calculating The Intrinsic Value Of easyJet plc (LON:EZJ)
Jun 26easyJet (LON:EZJ) Seems To Use Debt Quite Sensibly
May 22With 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 (£4.9B) exceed its short term liabilities (£4.8B).
Long Term Liabilities: EZJ's short term assets (£4.9B) exceed its long term liabilities (£3.7B).
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 34.1% to 89.6% over the past 5 years.
Debt Coverage: EZJ's debt is well covered by operating cash flow (58.5%).
Interest Coverage: EZJ's interest payments on its debt are well covered by EBIT (104x coverage).