Allegiant Travel Balance Sheet Health
Financial Health criteria checks 1/6
Allegiant Travel has a total shareholder equity of $1.3B and total debt of $1.8B, which brings its debt-to-equity ratio to 133.2%. Its total assets and total liabilities are $4.9B and $3.6B respectively. Allegiant Travel's EBIT is $116.7M making its interest coverage ratio 2. It has cash and short-term investments of $791.9M.
Key information
133.2%
Debt to equity ratio
US$1.78b
Debt
| Interest coverage ratio | 2x |
| Cash | US$791.91m |
| Equity | US$1.33b |
| Total liabilities | US$3.57b |
| Total assets | US$4.90b |
Recent financial health updates
Does Allegiant Travel (NASDAQ:ALGT) Have A Healthy Balance Sheet?
Sep 21
Here's Why Allegiant Travel (NASDAQ:ALGT) Has A Meaningful Debt Burden
Mar 29Is 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 10Recent updates
Does Allegiant Travel (NASDAQ:ALGT) Have A Healthy Balance Sheet?
Sep 21Allegiant: A Deeply Contrarian Value Play
Aug 31Allegiant Air: A Budget Carrier At Budget Prices
Aug 14More Unpleasant Surprises Could Be In Store For Allegiant Travel Company's (NASDAQ:ALGT) Shares After Tumbling 26%
Aug 13Allegiant Travel's (NASDAQ:ALGT) Anemic Earnings Might Be Worse Than You Think
May 21Allegiant Travel Company Stock Fails To Impress: Is There Upside?
May 10Here'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 30Financial Position Analysis
Short Term Liabilities: ALGT's short term assets ($980.5M) do not cover its short term liabilities ($1.3B).
Long Term Liabilities: ALGT's short term assets ($980.5M) do not cover its long term liabilities ($2.2B).
Debt to Equity History and Analysis
Debt Level: ALGT's net debt to equity ratio (73.8%) is considered high.
Reducing Debt: ALGT's debt to equity ratio has reduced from 171.5% to 133.2% over the past 5 years.
Debt Coverage: ALGT's debt is not well covered by operating cash flow (17.6%).
Interest Coverage: ALGT's interest payments on its debt are not well covered by EBIT (2x coverage).