AirTrip Balance Sheet Health
Financial Health criteria checks 6/6
AirTrip has a total shareholder equity of ¥15.3B and total debt of ¥3.5B, which brings its debt-to-equity ratio to 22.9%. Its total assets and total liabilities are ¥31.3B and ¥16.0B respectively. AirTrip's EBIT is ¥3.6B making its interest coverage ratio 7.5. It has cash and short-term investments of ¥9.1B.
Key information
22.9%
Debt to equity ratio
JP¥3.52b
Debt
| Interest coverage ratio | 7.5x |
| Cash | JP¥9.10b |
| Equity | JP¥15.34b |
| Total liabilities | JP¥15.95b |
| Total assets | JP¥31.29b |
Recent financial health updates
Recent updates
Time To Worry? Analysts Are Downgrading Their AirTrip Corp. (TSE:6191) Outlook
Nov 16
Why We're Not Concerned Yet About AirTrip Corp.'s (TSE:6191) 25% Share Price Plunge
Aug 06Is Now An Opportune Moment To Examine AirTrip Corp. (TSE:6191)?
Apr 03These 4 Measures Indicate That AirTrip (TSE:6191) Is Using Debt Safely
Mar 20AirTrip Corp.'s (TSE:6191) 26% Cheaper Price Remains In Tune With Earnings
Mar 05Financial Position Analysis
Short Term Liabilities: 6191's short term assets (¥22.8B) exceed its short term liabilities (¥13.2B).
Long Term Liabilities: 6191's short term assets (¥22.8B) exceed its long term liabilities (¥2.8B).
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 129.1% to 22.9% over the past 5 years.
Debt Coverage: 6191's debt is well covered by operating cash flow (51.8%).
Interest Coverage: 6191's interest payments on its debt are well covered by EBIT (7.5x coverage).