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 106.4%. Its total assets and total liabilities are $3.9B and $2.4B respectively. Air Transport Services Group's EBIT is $92.0M making its interest coverage ratio 1. It has cash and short-term investments of $44.9M.
Key information
106.4%
Debt to equity ratio
US$1.56b
Debt
| Interest coverage ratio | 1x |
| Cash | US$44.87m |
| Equity | US$1.47b |
| Total liabilities | US$2.42b |
| Total assets | US$3.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ATSG *'s short term assets ($311.1M) do not cover its short term liabilities ($381.9M).
Long Term Liabilities: ATSG *'s short term assets ($311.1M) do not cover its long term liabilities ($2.0B).
Debt to Equity History and Analysis
Debt Level: ATSG *'s net debt to equity ratio (103.4%) is considered high.
Reducing Debt: ATSG *'s debt to equity ratio has reduced from 301.8% to 106.4% over the past 5 years.
Debt Coverage: ATSG *'s debt is well covered by operating cash flow (33.7%).
Interest Coverage: ATSG *'s interest payments on its debt are not well covered by EBIT (1x coverage).