BOC Aviation Balance Sheet Health

Financial Health criteria checks 1/6

BOC Aviation has a total shareholder equity of $6.1B and total debt of $16.2B, which brings its debt-to-equity ratio to 268.1%. Its total assets and total liabilities are $24.3B and $18.2B respectively. BOC Aviation's EBIT is $1.5B making its interest coverage ratio 2.1. It has cash and short-term investments of $536.8M.

Key information

268.1%

Debt to equity ratio

US$16.25b

Debt

Interest coverage ratio	2.1x
Cash	US$536.75m
Equity	US$6.06b
Total liabilities	US$18.22b
Total assets	US$24.29b

Recent financial health updates

Is BOC Aviation (HKG:2588) Using Too Much Debt?

Dec 05

These 4 Measures Indicate That BOC Aviation (HKG:2588) Is Using Debt Extensively

Aug 18

Is BOC Aviation (HKG:2588) A Risky Investment?

Mar 31

Recent updates

BOC Aviation (HKG:2588) Hasn't Managed To Accelerate Its Returns

Dec 24

Is BOC Aviation (HKG:2588) Using Too Much Debt?

Dec 05

BOC Aviation Limited (HKG:2588) Looks Inexpensive But Perhaps Not Attractive Enough

Nov 18

Is It Too Late To Consider Buying BOC Aviation Limited (HKG:2588)?

Oct 13

Investors Met With Slowing Returns on Capital At BOC Aviation (HKG:2588)

Sep 25

BOC Aviation (HKG:2588) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Aug 22

These 4 Measures Indicate That BOC Aviation (HKG:2588) Is Using Debt Extensively

Aug 18

Financial Position Analysis

Short Term Liabilities: 2588's short term assets ($1.2B) do not cover its short term liabilities ($3.5B).

Long Term Liabilities: 2588's short term assets ($1.2B) do not cover its long term liabilities ($14.8B).

Debt to Equity History and Analysis

Debt Level: 2588's net debt to equity ratio (259.2%) is considered high.

Reducing Debt: 2588's debt to equity ratio has reduced from 306% to 268.1% over the past 5 years.

Debt Coverage: 2588's debt is not well covered by operating cash flow (15.7%).

Interest Coverage: 2588's interest payments on its debt are not well covered by EBIT (2.1x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/02 23:00
End of Day Share Price	2025/01/02 00:00
Earnings	2024/06/30
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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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

BOC Aviation Limited is covered by 28 analysts. 12 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
James Teo	BNP Paribas Securities (Asia)
Wenzhou Hu	BOCI Research Ltd.
Yifan Zhou	BOCI Research Ltd.

BOC Aviation Balance Sheet Health

Financial Health criteria checks 1/6

Key information

Recent financial health updates

Is BOC Aviation (HKG:2588) Using Too Much Debt?

These 4 Measures Indicate That BOC Aviation (HKG:2588) Is Using Debt Extensively

Is BOC Aviation (HKG:2588) A Risky Investment?

Recent updates

BOC Aviation (HKG:2588) Hasn't Managed To Accelerate Its Returns

Is BOC Aviation (HKG:2588) Using Too Much Debt?

BOC Aviation Limited (HKG:2588) Looks Inexpensive But Perhaps Not Attractive Enough

Is It Too Late To Consider Buying BOC Aviation Limited (HKG:2588)?

Investors Met With Slowing Returns on Capital At BOC Aviation (HKG:2588)

BOC Aviation Limited Declares an Interim Dividend for the 2024, Payable on 10 October 2024

Upcoming dividend of US$0.20 per share

BOC Aviation Limited Announces Executive Changes

BOC Aviation (HKG:2588) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

These 4 Measures Indicate That BOC Aviation (HKG:2588) Is Using Debt Extensively

First half dividend of US$0.20 announced

First half 2024 earnings released: EPS: US$0.66 (vs US$0.38 in 1H 2023)

BOC Aviation Limited Declares Interim Dividend for the Six Months Ended 30 June 2024, Payable on 10 October 2024

BOC Aviation Limited to Report First Half, 2024 Results on Aug 15, 2024

What BOC Aviation Limited's (HKG:2588) 26% Share Price Gain Is Not Telling You

BOC Aviation Limited Announces Board Changes

Is Now An Opportune Moment To Examine BOC Aviation Limited (HKG:2588)?

Now 22% overvalued

BOC Aviation Limited Appoints Mdm. Zhang Xiaolu as Chairman of the Board

Calculating The Fair Value Of BOC Aviation Limited (HKG:2588)

BOC Aviation Limited Approves Final Dividend for the Year Ended 31 December 2023

Now 21% overvalued after recent price rise

Upcoming dividend of US$0.27 per share

BOC Aviation's (HKG:2588) Returns On Capital Are Heading Higher

BOC Aviation Limited Announces Resignation of Wang Xiao as A Non-Executive Director and A Member of the Risk Committee and the Strategy and Budget Committee

BOC Aviation Limited's (HKG:2588) Share Price Could Signal Some Risk

Is BOC Aviation (HKG:2588) A Risky Investment?

BOC Aviation Limited Announces Resignation of Liu Jin as Non-Executive Director, Chairman of the Board and Chairman of the Nomination Committee

Now 21% overvalued after recent price rise

Final dividend of US$0.27 announced

BOC Aviation Limited, Annual General Meeting, May 30, 2024

Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat

BOC Aviation Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 21 June 2024

The Returns At BOC Aviation (HKG:2588) Aren't Growing

Now 26% overvalued after recent price rise

Shareholders Should Be Pleased With BOC Aviation Limited's (HKG:2588) Price

BOC Aviation Limited Announces Management Changes

BOC Aviation Limited Announces Chief Executive Officer Changes

Upcoming dividend of US$0.11 per share at 3.5% yield

BOC Aviation Limited Declares Interim Dividend for the Six Months Ended 30 June 2023, Payable on 12 October 2023

First half 2023 earnings released: EPS: US$0.38 (vs US$0.45 loss in 1H 2022)

BOC Aviation Limited to Report First Half, 2023 Results on Aug 17, 2023

BOC Aviation Limited Appoints Thomas Chandler as Chief Operating Officer

BOC Aviation Limited Announces Retirement of David Walton as Deputy Managing Director, Chief Operating Officer and Member of Senior Management Team

BOC Aviation Limited Approves to Declare Final Dividend for the Year Ended December 31, 2022

Upcoming dividend of US$0.18 per share at 3.5% yield

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

BOC Aviation Limited Announces Resignation of Chen Huaiyu as Non-Executive Director, Chairman of the Board and Chairman of the Nomination Committee

Less than half of directors are independent

BOC Aviation Limited Announces Interim Dividend for the Six Months Ended June 30, 2022, Payable on October 12, 2022

Upcoming dividend of US$0.089 per share

BOC Aviation Limited Announces Interim Dividend for the Six Months Ended 30 June 2022, Payable on 12 October 2022

First half 2022 earnings released: US$0.45 loss per share (vs US$0.37 profit in 1H 2021)

Consensus forecasts updated

BOC Aviation Limited to Report First Half, 2022 Results on Aug 18, 2022

Consensus EPS estimates fall by 10%

BOC Aviation Limited Provides Earnings Guidance for the Six Months Ended 30 June 2022

BOC Aviation Limited Announces Final Dividend for the Financial Year Ended 31 December 2021, Payable on 24 June 2022

BOC Aviation Limited Approves Final Dividend for the Year Ended 31 December 2021

Upcoming dividend of US$0.17 per share

BOC Aviation Limited Proposes Final Dividend for the Year Ended 31 December 2021

Less than half of directors are independent

BOC Aviation Limited Announces Executive Changes, with Effect from April 18, 2022

Investor sentiment improved over the past week

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Now 24% undervalued after recent price drop

BOC Aviation Limited to Report Fiscal Year 2021 Results on Mar 10, 2022

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Upcoming dividend of US$0.11 per share

First half 2021 earnings released: EPS US$0.37 (vs US$0.47 in 1H 2020)

Financial Position Analysis