Azul Balance Sheet Health
Financial Health criteria checks 2/6
Azul has a total shareholder equity of R$-26.0B and total debt of R$13.8B, which brings its debt-to-equity ratio to -53.1%. Its total assets and total liabilities are R$23.4B and R$49.4B respectively. Azul's EBIT is R$2.5B making its interest coverage ratio 0.5. It has cash and short-term investments of R$1.1B.
Key information
-53.1%
Debt to equity ratio
R$13.82b
Debt
| Interest coverage ratio | 0.5x |
| Cash | R$1.14b |
| Equity | -R$26.04b |
| Total liabilities | R$49.44b |
| Total assets | R$23.40b |
Recent financial health updates
Recent updates
Azul's Pressures Are Mounting Despite Government Support
Sep 20Azul: FX Challenges And Debt Restructuring Concerns Make It A Stock To Avoid
Sep 04Azul: Pricing Power Provides Inflexion Point
Aug 10Azul: Preparing For Takeoff
Jun 14Azul Is Still A Hold Despite The Lower Price And Gol's Bankruptcy
Apr 04Fundamentals Do Not Justify Azul's Discount To Gol
Nov 29Azul Stock: Still A Strong Buy But Watch Oil Prices And Macroeconomics
Nov 16Azul Stock Offers Major Upside
Aug 31How To Play Azul's 2024 Bonds At A 16% Yield To Maturity
Jun 20Azul Is Below Prepandemic Prices, But Still Expensive
Jan 24Azul: The Cash Burn Continues
Dec 14Azul Q3 2022 Earnings Preview
Nov 09Azul Airlines partners with Israel's Fetcherr for demand-pricing algorithm
Sep 29Azul Airlines: Ready For Takeoff Following Impressive Q2 Results
Aug 25Azul saw 34% growth in July consolidated passenger traffic levels
Aug 08Azul hits price target cut at Goldman Sachs as stock crashes to new 12-month low
Jul 05Azul: Bullish On The Future
May 09Azul: Impressive Revenue Offset By Higher Fuel Prices
Mar 07Azul Is Not A Buy Until Major Consolidation Occurs
Dec 22Azul Looks Overvalued Based On Fundamentals
Sep 28Azul Q1 2021 Earnings Preview
May 05Azul's cargo revenue rose 64% in Q4
Feb 03Azul's traffic increase 18.1% M/M in December
Jan 08Azul's reports sequential traffic increase of 17.5% in November
Dec 08Azul S.A. 2020 Q3 - Results - Earnings Call Presentation
Nov 16Azul: Revisiting An Old, Unsuccessful Bullish Call
Nov 06Financial Position Analysis
Short Term Liabilities: AZUL has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: AZUL has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: AZUL has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: AZUL's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable AZUL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: AZUL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 19.7% per year.