Skymark Airlines Balance Sheet Health
Financial Health criteria checks 4/6
Skymark Airlines has a total shareholder equity of ¥27.7B and total debt of ¥30.8B, which brings its debt-to-equity ratio to 111.2%. Its total assets and total liabilities are ¥105.9B and ¥78.3B respectively. Skymark Airlines's EBIT is ¥5.3B making its interest coverage ratio 12. It has cash and short-term investments of ¥25.9B.
Key information
111.2%
Debt to equity ratio
JP¥30.75b
Debt
Interest coverage ratio | 12x |
Cash | JP¥25.87b |
Equity | JP¥27.66b |
Total liabilities | JP¥78.27b |
Total assets | JP¥105.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9204's short term assets (¥38.1B) do not cover its short term liabilities (¥55.0B).
Long Term Liabilities: 9204's short term assets (¥38.1B) exceed its long term liabilities (¥23.3B).
Debt to Equity History and Analysis
Debt Level: 9204's net debt to equity ratio (17.7%) is considered satisfactory.
Reducing Debt: 9204's debt to equity ratio has reduced from 127.7% to 111.2% over the past 5 years.
Debt Coverage: 9204's debt is not well covered by operating cash flow (19.2%).
Interest Coverage: 9204's interest payments on its debt are well covered by EBIT (12x coverage).