Cathay Pacific Airways Balance Sheet Health
Financial Health criteria checks 4/6
Cathay Pacific Airways has a total shareholder equity of HK$60.0B and total debt of HK$39.3B, which brings its debt-to-equity ratio to 65.5%. Its total assets and total liabilities are HK$174.1B and HK$114.1B respectively. Cathay Pacific Airways's EBIT is HK$13.0B making its interest coverage ratio 4. It has cash and short-term investments of HK$15.5B.
Key information
65.5%
Debt to equity ratio
HK$39.30b
Debt
| Interest coverage ratio | 4x |
| Cash | HK$15.53b |
| Equity | HK$60.03b |
| Total liabilities | HK$114.08b |
| Total assets | HK$174.12b |
Recent financial health updates
Is Cathay Pacific Airways (HKG:293) A Risky Investment?
Mar 15
Cathay Pacific Airways (HKG:293) Seems To Use Debt Quite Sensibly
Dec 12Cathay Pacific Airways (HKG:293) Seems To Use Debt Quite Sensibly
Sep 04Cathay Pacific Airways (HKG:293) Takes On Some Risk With Its Use Of Debt
Apr 14These 4 Measures Indicate That Cathay Pacific Airways (HKG:293) Is Using Debt Extensively
Oct 04Does Cathay Pacific Airways (HKG:293) Have A Healthy Balance Sheet?
May 24Recent updates
Investors Interested In Cathay Pacific Airways Limited's (HKG:293) Revenues
Apr 26Cathay Pacific Airways' (HKG:293) Promising Earnings May Rest On Soft Foundations
Apr 09Is Cathay Pacific Airways (HKG:293) A Risky Investment?
Mar 15Is Cathay Pacific Airways Limited (HKG:293) Potentially Undervalued?
Feb 28Cathay Pacific Airways (HKG:293) Seems To Use Debt Quite Sensibly
Dec 12Should You Investigate Cathay Pacific Airways Limited (HKG:293) At HK$8.04?
Nov 23Estimating The Fair Value Of Cathay Pacific Airways Limited (HKG:293)
Nov 08Cathay Pacific Airways (HKG:293) Shareholders Will Want The ROCE Trajectory To Continue
Oct 22Cathay Pacific Airways (HKG:293) Seems To Use Debt Quite Sensibly
Sep 04Should You Investigate Cathay Pacific Airways Limited (HKG:293) At HK$8.67?
Aug 09Cathay Pacific Airways Limited's (HKG:293) Intrinsic Value Is Potentially 58% Above Its Share Price
Jul 19Returns On Capital Are Showing Encouraging Signs At Cathay Pacific Airways (HKG:293)
Jun 15Cathay Pacific Airways (HKG:293) Takes On Some Risk With Its Use Of Debt
Apr 14Cathay Pacific Airways (HKG:293) Shareholders Will Want The ROCE Trajectory To Continue
Mar 02A Look At The Intrinsic Value Of Cathay Pacific Airways Limited (HKG:293)
Dec 12These 4 Measures Indicate That Cathay Pacific Airways (HKG:293) Is Using Debt Extensively
Oct 04The Return Trends At Cathay Pacific Airways (HKG:293) Look Promising
Aug 11Does Cathay Pacific Airways (HKG:293) Have A Healthy Balance Sheet?
May 24Time To Worry? Analysts Are Downgrading Their Cathay Pacific Airways Limited (HKG:293) Outlook
Mar 14At HK$6.30, Is Cathay Pacific Airways Limited (HKG:293) Worth Looking At Closely?
Dec 18Is Cathay Pacific Airways (HKG:293) Weighed On By Its Debt Load?
Nov 02Calculating The Fair Value Of Cathay Pacific Airways Limited (HKG:293)
Oct 06Should You Think About Buying Cathay Pacific Airways Limited (HKG:293) Now?
Sep 10Analysts Have Just Cut Their Cathay Pacific Airways Limited (HKG:293) Revenue Estimates By 14%
Aug 12News Flash: 14 Analysts Think Cathay Pacific Airways Limited (HKG:293) Earnings Are Under Threat
Jun 29Is Cathay Pacific Airways (HKG:293) A Risky Investment?
Jun 27Should You Think About Buying Cathay Pacific Airways Limited (HKG:293) Now?
Mar 13Cathay Pacific Airways' (HKG:293) Shareholders Are Down 45% On Their Shares
Jan 22Financial Position Analysis
Short Term Liabilities: 293's short term assets (HK$22.7B) do not cover its short term liabilities (HK$45.5B).
Long Term Liabilities: 293's short term assets (HK$22.7B) do not cover its long term liabilities (HK$68.6B).
Debt to Equity History and Analysis
Debt Level: 293's net debt to equity ratio (39.6%) is considered satisfactory.
Reducing Debt: 293's debt to equity ratio has reduced from 79.3% to 65.5% over the past 5 years.
Debt Coverage: 293's debt is well covered by operating cash flow (67.2%).
Interest Coverage: 293's interest payments on its debt are well covered by EBIT (4x coverage).