Cirrus Aircraft Balance Sheet Health
Financial Health criteria checks 5/6
Cirrus Aircraft has a total shareholder equity of $473.4M and total debt of $67.8M, which brings its debt-to-equity ratio to 14.3%. Its total assets and total liabilities are $1.0B and $534.6M respectively. Cirrus Aircraft's EBIT is $124.1M making its interest coverage ratio 22.4. It has cash and short-term investments of $248.5M.
Key information
14.3%
Debt to equity ratio
US$67.75m
Debt
Interest coverage ratio | 22.4x |
Cash | US$248.49m |
Equity | US$473.38m |
Total liabilities | US$534.56m |
Total assets | US$1.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2507's short term assets ($426.5M) exceed its short term liabilities ($387.0M).
Long Term Liabilities: 2507's short term assets ($426.5M) exceed its long term liabilities ($147.6M).
Debt to Equity History and Analysis
Debt Level: 2507 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 2507's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 2507's debt is well covered by operating cash flow (167.2%).
Interest Coverage: 2507's interest payments on its debt are well covered by EBIT (22.4x coverage).