Sunbird Tourism Balance Sheet Health
Financial Health criteria checks 4/6
Sunbird Tourism has a total shareholder equity of MWK48.6B and total debt of MWK9.6B, which brings its debt-to-equity ratio to 19.7%. Its total assets and total liabilities are MWK83.6B and MWK35.0B respectively. Sunbird Tourism's EBIT is MWK13.3B making its interest coverage ratio 6.7. It has cash and short-term investments of MWK3.7B.
Key information
19.7%
Debt to equity ratio
MK 9.58b
Debt
| Interest coverage ratio | 6.7x |
| Cash | MK 3.67b |
| Equity | MK 48.57b |
| Total liabilities | MK 34.98b |
| Total assets | MK 83.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SUNBIRD's short term assets (MWK13.6B) do not cover its short term liabilities (MWK13.9B).
Long Term Liabilities: SUNBIRD's short term assets (MWK13.6B) do not cover its long term liabilities (MWK21.1B).
Debt to Equity History and Analysis
Debt Level: SUNBIRD's net debt to equity ratio (12.2%) is considered satisfactory.
Reducing Debt: SUNBIRD's debt to equity ratio has reduced from 21.5% to 19.7% over the past 5 years.
Debt Coverage: SUNBIRD's debt is well covered by operating cash flow (81.2%).
Interest Coverage: SUNBIRD's interest payments on its debt are well covered by EBIT (6.7x coverage).