Air Transport Services Group Balance Sheet Health
Financial Health criteria checks 2/6
Air Transport Services Group has a total shareholder equity of $1.5B and total debt of $1.6B, which brings its debt-to-equity ratio to 111.4%. Its total assets and total liabilities are $3.9B and $2.5B respectively. Air Transport Services Group's EBIT is $114.2M making its interest coverage ratio 1.4. It has cash and short-term investments of $28.7M.
Key information
111.4%
Debt to equity ratio
US$1.63b
Debt
| Interest coverage ratio | 1.4x |
| Cash | US$28.71m |
| Equity | US$1.47b |
| Total liabilities | US$2.47b |
| Total assets | US$3.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ATSG *'s short term assets ($315.5M) do not cover its short term liabilities ($428.8M).
Long Term Liabilities: ATSG *'s short term assets ($315.5M) do not cover its long term liabilities ($2.0B).
Debt to Equity History and Analysis
Debt Level: ATSG *'s net debt to equity ratio (109.4%) is considered high.
Reducing Debt: ATSG *'s debt to equity ratio has reduced from 388.9% to 111.4% over the past 5 years.
Debt Coverage: ATSG *'s debt is well covered by operating cash flow (31.2%).
Interest Coverage: ATSG *'s interest payments on its debt are not well covered by EBIT (1.4x coverage).