Willis Lease Finance Balance Sheet Health
Financial Health criteria checks 2/6
Willis Lease Finance has a total shareholder equity of $488.9M and total debt of $1.8B, which brings its debt-to-equity ratio to 368.7%. Its total assets and total liabilities are $2.7B and $2.2B respectively. Willis Lease Finance's EBIT is $138.7M making its interest coverage ratio 2. It has cash and short-term investments of $23.6M.
Key information
368.7%
Debt to equity ratio
US$1.80b
Debt
| Interest coverage ratio | 2x |
| Cash | US$23.57m |
| Equity | US$488.93m |
| Total liabilities | US$2.16b |
| Total assets | US$2.65b |
Recent financial health updates
No updates
Recent updates
Willis Lease Finance: Upside Remains On Book Value
Mar 26Willis Finance Lease: Significant Upside Potential From Rate Hikes And Aviation Market Recovery
Jul 31Willis Lease Finance reports Q1 results
May 04Willis Lease to raise $336.7M in fixed rate notes offering
Apr 30Willis Lease Finance reports Q3 results
Nov 02Financial Position Analysis
Short Term Liabilities: WLFC's short term assets ($392.0M) exceed its short term liabilities ($214.0M).
Long Term Liabilities: WLFC's short term assets ($392.0M) do not cover its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: WLFC's net debt to equity ratio (363.9%) is considered high.
Reducing Debt: WLFC's debt to equity ratio has reduced from 397.6% to 368.7% over the past 5 years.
Debt Coverage: WLFC's debt is not well covered by operating cash flow (12.7%).
Interest Coverage: WLFC's interest payments on its debt are not well covered by EBIT (2x coverage).