Allegiant Travel Balance Sheet Health
Financial Health criteria checks 3/6
Allegiant Travel has a total shareholder equity of $1.3B and total debt of $1.8B, which brings its debt-to-equity ratio to 135.8%. Its total assets and total liabilities are $4.9B and $3.5B respectively. Allegiant Travel's EBIT is $250.5M making its interest coverage ratio 4.1. It has cash and short-term investments of $814.7M.
Key information
135.8%
Debt to equity ratio
US$1.80b
Debt
| Interest coverage ratio | 4.1x |
| Cash | US$814.67m |
| Equity | US$1.33b |
| Total liabilities | US$3.54b |
| Total assets | US$4.87b |
Recent financial health updates
Here's Why Allegiant Travel (NASDAQ:ALGT) Has A Meaningful Debt Burden
Mar 29
Is Allegiant Travel (NASDAQ:ALGT) A Risky Investment?
Sep 25Allegiant Travel (NASDAQ:ALGT) Has A Somewhat Strained Balance Sheet
Jun 19Here's Why Allegiant Travel (NASDAQ:ALGT) Has A Meaningful Debt Burden
Feb 03Allegiant Travel (NASDAQ:ALGT) Use Of Debt Could Be Considered Risky
Oct 10These 4 Measures Indicate That Allegiant Travel (NASDAQ:ALGT) Is Using Debt Extensively
Jul 12Recent updates
Here's Why Allegiant Travel (NASDAQ:ALGT) Has A Meaningful Debt Burden
Mar 29Here's What's Concerning About Allegiant Travel's (NASDAQ:ALGT) Returns On Capital
Feb 23At US$76.26, Is Allegiant Travel Company (NASDAQ:ALGT) Worth Looking At Closely?
Feb 08Is Allegiant Travel (NASDAQ:ALGT) A Risky Investment?
Sep 25Is It Time To Consider Buying Allegiant Travel Company (NASDAQ:ALGT)?
Sep 07Here's Why We Think Allegiant Travel (NASDAQ:ALGT) Might Deserve Your Attention Today
Aug 06Investors Could Be Concerned With Allegiant Travel's (NASDAQ:ALGT) Returns On Capital
Jul 23Allegiant Travel (NASDAQ:ALGT) Has A Somewhat Strained Balance Sheet
Jun 19What Does Allegiant Travel Company's (NASDAQ:ALGT) Share Price Indicate?
May 04Here's Why Allegiant Travel (NASDAQ:ALGT) Has A Meaningful Debt Burden
Feb 03Here's What's Concerning About Allegiant Travel's (NASDAQ:ALGT) Returns On Capital
Nov 02Allegiant Travel (NASDAQ:ALGT) Use Of Debt Could Be Considered Risky
Oct 10Southwest Airlines And Allegiant Air: 2 Airlines To Buy On Cracking Demand And Abnormally High Inflation
Sep 15Allegiant reports rise in passengers, traffic & capacity for July vs. pre-pandemic levels
Aug 30Is There Now An Opportunity In Allegiant Travel Company (NASDAQ:ALGT)?
Aug 22Allegiant Travel announces $500M senior note offering
Aug 10Some Investors May Be Worried About Allegiant Travel's (NASDAQ:ALGT) Returns On Capital
Aug 04Allegiant Travel expects to report Q2 earnings below estimates
Jul 25These 4 Measures Indicate That Allegiant Travel (NASDAQ:ALGT) Is Using Debt Extensively
Jul 12Allegiant Travel Surges: A Look At Results
May 27Financial Position Analysis
Short Term Liabilities: ALGT's short term assets ($1.0B) do not cover its short term liabilities ($1.2B).
Long Term Liabilities: ALGT's short term assets ($1.0B) do not cover its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: ALGT's net debt to equity ratio (74.5%) is considered high.
Reducing Debt: ALGT's debt to equity ratio has reduced from 184.2% to 135.8% over the past 5 years.
Debt Coverage: ALGT's debt is well covered by operating cash flow (23.4%).
Interest Coverage: ALGT's interest payments on its debt are well covered by EBIT (4.1x coverage).