AirTrip Balance Sheet Health
Financial Health criteria checks 6/6
AirTrip has a total shareholder equity of ¥13.4B and total debt of ¥4.0B, which brings its debt-to-equity ratio to 29.6%. Its total assets and total liabilities are ¥28.0B and ¥14.5B respectively. AirTrip's EBIT is ¥3.4B making its interest coverage ratio 6. It has cash and short-term investments of ¥15.2B.
Key information
29.6%
Debt to equity ratio
JP¥3.97b
Debt
| Interest coverage ratio | 6x |
| Cash | JP¥15.17b |
| Equity | JP¥13.43b |
| Total liabilities | JP¥14.53b |
| Total assets | JP¥27.95b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6191's short term assets (¥19.5B) exceed its short term liabilities (¥10.8B).
Long Term Liabilities: 6191's short term assets (¥19.5B) exceed its long term liabilities (¥3.8B).
Debt to Equity History and Analysis
Debt Level: 6191 has more cash than its total debt.
Reducing Debt: 6191's debt to equity ratio has reduced from 198.8% to 29.6% over the past 5 years.
Debt Coverage: 6191's debt is well covered by operating cash flow (108.4%).
Interest Coverage: 6191's interest payments on its debt are well covered by EBIT (6x coverage).