Flight Centre Travel Group Balance Sheet Health
Financial Health criteria checks 5/6
Flight Centre Travel Group has a total shareholder equity of A$1.2B and total debt of A$761.0M, which brings its debt-to-equity ratio to 65.4%. Its total assets and total liabilities are A$3.9B and A$2.7B respectively. Flight Centre Travel Group's EBIT is A$250.2M making its interest coverage ratio 5.3. It has cash and short-term investments of A$518.5M.
Key information
65.4%
Debt to equity ratio
AU$761.00m
Debt
Interest coverage ratio | 5.3x |
Cash | AU$518.51m |
Equity | AU$1.16b |
Total liabilities | AU$2.71b |
Total assets | AU$3.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FGET.F's short term assets (A$2.1B) exceed its short term liabilities (A$2.0B).
Long Term Liabilities: FGET.F's short term assets (A$2.1B) exceed its long term liabilities (A$721.0M).
Debt to Equity History and Analysis
Debt Level: FGET.F's net debt to equity ratio (20.8%) is considered satisfactory.
Reducing Debt: FGET.F's debt to equity ratio has increased from 2.4% to 65.4% over the past 5 years.
Debt Coverage: FGET.F's debt is well covered by operating cash flow (34%).
Interest Coverage: FGET.F's interest payments on its debt are well covered by EBIT (5.3x coverage).