Cathay Pacific Airways Balance Sheet Health
Financial Health criteria checks 3/6
Cathay Pacific Airways has a total shareholder equity of HK$51.7B and total debt of HK$37.3B, which brings its debt-to-equity ratio to 72.2%. Its total assets and total liabilities are HK$170.3B and HK$118.6B respectively. Cathay Pacific Airways's EBIT is HK$13.2B making its interest coverage ratio 3.8. It has cash and short-term investments of HK$8.9B.
Key information
72.18%
Debt to equity ratio
HK$37.29b
Debt
| Interest coverage ratio | 3.8x |
| Cash | HK$8.91b |
| Equity | HK$51.66b |
| Total liabilities | HK$118.64b |
| Total assets | HK$170.30b |
Recent financial health updates
Recent updates
Cathay Pacific Airways (HKG:293) Might Have The Makings Of A Multi-Bagger
Jan 18
Benign Growth For Cathay Pacific Airways Limited (HKG:293) Underpins Its Share Price
Oct 28The Return Trends At Cathay Pacific Airways (HKG:293) Look Promising
Sep 25Cathay Pacific Airways (HKG:293) Has A Somewhat Strained Balance Sheet
Sep 03Cathay Pacific Airways (HKG:293) Has Announced A Dividend Of HK$0.20
Aug 11Improved Earnings Required Before Cathay Pacific Airways Limited (HKG:293) Shares Find Their Feet
Jul 14Cathay Pacific Airways (HKG:293) Is Doing The Right Things To Multiply Its Share Price
Jun 17
Narrow-body Expansion And E-Commerce Cargo Will Improve Operations
Anticipated aircraft deliveries and e-commerce cargo expansion are poised to drive revenue growth through increased capacity and rising market trends.Cathay Pacific well-placed in growth markets, but share price entirely depending on valuation
Both commercially and, according to several industry rankings and customer surveys, in terms of its product, Cathay Pacific is up there with the top carriers in international air travel. Only SingaporWe Think You Should Be Aware Of Some Concerning Factors In Cathay Pacific Airways' (HKG:293) Earnings
Mar 19Financial Position Analysis
Short Term Liabilities: 293's short term assets (HK$18.4B) do not cover its short term liabilities (HK$52.9B).
Long Term Liabilities: 293's short term assets (HK$18.4B) do not cover its long term liabilities (HK$65.8B).
Debt to Equity History and Analysis
Debt Level: 293's net debt to equity ratio (54.9%) is considered high.
Reducing Debt: 293's debt to equity ratio has reduced from 126.6% to 72.2% over the past 5 years.
Debt Coverage: 293's debt is well covered by operating cash flow (64.6%).
Interest Coverage: 293's interest payments on its debt are well covered by EBIT (3.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/03/06 06:10 |
| End of Day Share Price | 2026/03/06 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
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 Github.
Analyst Sources
Cathay Pacific Airways Limited is covered by 30 analysts. 14 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 |
|---|---|
| Patrick Xu | Barclays |
| Wei Fang | BNP Paribas |
| Nathan Gee | BofA Global Research |