Icelandair Group hf Balance Sheet Health
Financial Health criteria checks 3/6
Icelandair Group hf has a total shareholder equity of $297.1M and total debt of $219.4M, which brings its debt-to-equity ratio to 73.8%. Its total assets and total liabilities are $1.7B and $1.4B respectively.
Key information
73.8%
Debt to equity ratio
US$219.39m
Debt
| Interest coverage ratio | n/a |
| Cash | US$303.67m |
| Equity | US$297.12m |
| Total liabilities | US$1.36b |
| Total assets | US$1.66b |
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) Shares Leap 28% Yet They're Still Not Telling The Full Story
Oct 09Icelandair 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 ($507.4M) do not cover its short term liabilities ($718.2M).
Long Term Liabilities: ICEAIR's short term assets ($507.4M) do not cover its long term liabilities ($644.0M).
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 53.7% to 73.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable ICEAIR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ICEAIR is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 37.7% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 14:33 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| 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 |
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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 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
Icelandair Group hf. is covered by 0 analysts. 0 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 |
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