Sunbird Tourism Balance Sheet Health
Financial Health criteria checks 4/6
Sunbird Tourism has a total shareholder equity of MWK32.3B and total debt of MWK9.9B, which brings its debt-to-equity ratio to 30.6%. Its total assets and total liabilities are MWK59.6B and MWK27.4B respectively. Sunbird Tourism's EBIT is MWK7.7B making its interest coverage ratio 3.8. It has cash and short-term investments of MWK1.8B.
Key information
30.6%
Debt to equity ratio
MK9.88b
Debt
Interest coverage ratio | 3.8x |
Cash | MK1.84b |
Equity | MK32.27b |
Total liabilities | MK27.35b |
Total assets | MK59.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SUNBIRD's short term assets (MWK11.0B) exceed its short term liabilities (MWK10.6B).
Long Term Liabilities: SUNBIRD's short term assets (MWK11.0B) do not cover its long term liabilities (MWK16.8B).
Debt to Equity History and Analysis
Debt Level: SUNBIRD's net debt to equity ratio (24.9%) is considered satisfactory.
Reducing Debt: SUNBIRD's debt to equity ratio has increased from 14% to 30.6% over the past 5 years.
Debt Coverage: SUNBIRD's debt is well covered by operating cash flow (59.3%).
Interest Coverage: SUNBIRD's interest payments on its debt are well covered by EBIT (3.8x coverage).