Icelandair Group hf Balance Sheet Health
Financial Health criteria checks 2/6
Icelandair Group hf has a total shareholder equity of $233.3M and total debt of $238.3M, which brings its debt-to-equity ratio to 102.1%. Its total assets and total liabilities are $1.7B and $1.5B respectively. Icelandair Group hf's EBIT is $13.1M making its interest coverage ratio 1.2. It has cash and short-term investments of $359.3M.
Key information
102.1%
Debt to equity ratio
US$238.34m
Debt
| Interest coverage ratio | 1.2x |
| Cash | US$359.30m |
| Equity | US$233.34m |
| Total liabilities | US$1.47b |
| Total assets | US$1.70b |
Recent financial health updates
Does Icelandair Group hf (ICE:ICEAIR) Have A Healthy Balance Sheet?
Jan 26
Is Icelandair Group hf (ICE:ICEAIR) Using Debt Sensibly?
Jan 06Is Icelandair Group hf (ICE:ICEAIR) Using Debt In A Risky Way?
Sep 23Icelandair Group hf (ICE:ICEAIR) Has Debt But No Earnings; Should You Worry?
May 06Icelandair Group hf (ICE:ICEAIR) Has Debt But No Earnings; Should You Worry?
Dec 07Does Icelandair Group hf (ICE:ICEAIR) Have A Healthy Balance Sheet?
Dec 07Recent updates
Icelandair Group hf's (ICE:ICEAIR) Promising Earnings May Rest On Soft Foundations
Feb 09Does Icelandair Group hf (ICE:ICEAIR) Have A Healthy Balance Sheet?
Jan 26Revenues Not Telling The Story For Icelandair Group hf. (ICE:ICEAIR)
Jul 27Investors Could Be Concerned With Icelandair Group hf's (ICE:ICEAIR) Returns On Capital
May 05Is Icelandair Group hf (ICE:ICEAIR) Using Debt Sensibly?
Jan 06Is Icelandair Group hf (ICE:ICEAIR) Using Debt In A Risky Way?
Sep 23Icelandair Group hf (ICE:ICEAIR) Has Debt But No Earnings; Should You Worry?
May 06Shareholders Will Probably Hold Off On Increasing Icelandair Group hf.'s (ICE:ICEAIR) CEO Compensation For The Time Being
Feb 24Icelandair Group hf (ICE:ICEAIR) Has Debt But No Earnings; Should You Worry?
Dec 07Does Icelandair Group hf (ICE:ICEAIR) Have A Healthy Balance Sheet?
Dec 07Financial Position Analysis
Short Term Liabilities: ICEAIR's short term assets ($598.1M) do not cover its short term liabilities ($850.6M).
Long Term Liabilities: ICEAIR's short term assets ($598.1M) do not cover its long term liabilities ($619.3M).
Debt to Equity History and Analysis
Debt Level: ICEAIR has more cash than its total debt.
Reducing Debt: ICEAIR's debt to equity ratio has increased from 91.8% to 102.1% over the past 5 years.
Debt Coverage: ICEAIR's debt is well covered by operating cash flow (87.2%).
Interest Coverage: ICEAIR's interest payments on its debt are not well covered by EBIT (1.2x coverage).