Cirrus Aircraft Balance Sheet Health
Financial Health criteria checks 5/6
Cirrus Aircraft has a total shareholder equity of $509.0M and total debt of $64.0M, which brings its debt-to-equity ratio to 12.6%. Its total assets and total liabilities are $1.1B and $571.9M respectively. Cirrus Aircraft's EBIT is $127.2M making its interest coverage ratio 23. It has cash and short-term investments of $216.7M.
Key information
12.6%
Debt to equity ratio
US$64.00m
Debt
| Interest coverage ratio | 23x |
| Cash | US$216.69m |
| Equity | US$508.98m |
| Total liabilities | US$571.95m |
| Total assets | US$1.08b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: CRRS.F's short term assets ($476.5M) exceed its short term liabilities ($432.4M).
Long Term Liabilities: CRRS.F's short term assets ($476.5M) exceed its long term liabilities ($139.6M).
Debt to Equity History and Analysis
Debt Level: CRRS.F has more cash than its total debt.
Reducing Debt: Insufficient data to determine if CRRS.F's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: CRRS.F's debt is well covered by operating cash flow (265.5%).
Interest Coverage: CRRS.F's interest payments on its debt are well covered by EBIT (23x coverage).