Kenya Airways Balance Sheet Health
Financial Health criteria checks 2/6
Kenya Airways has a total shareholder equity of KES-123.6B and total debt of KES170.7B, which brings its debt-to-equity ratio to -138.2%. Its total assets and total liabilities are KES174.3B and KES297.8B respectively. Kenya Airways's EBIT is KES16.2B making its interest coverage ratio 1.1. It has cash and short-term investments of KES4.7B.
Key information
-138.2%
Debt to equity ratio
KSh170.74b
Debt
| Interest coverage ratio | 1.1x |
| Cash | KSh4.75b |
| Equity | -KSh123.59b |
| Total liabilities | KSh297.85b |
| Total assets | KSh174.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KA has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: KA has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: KA has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: KA's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable KA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: KA is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 7.3% per year.