LATAM Airlines Group Balance Sheet Health
Financial Health criteria checks 1/6
LATAM Airlines Group has a total shareholder equity of $714.8M and total debt of $3.0B, which brings its debt-to-equity ratio to 425.2%. Its total assets and total liabilities are $15.2B and $14.5B respectively. LATAM Airlines Group's EBIT is $1.4B making its interest coverage ratio 1.9. It has cash and short-term investments of $2.0B.
Key information
425.2%
Debt to equity ratio
US$3.04b
Debt
| Interest coverage ratio | 1.9x |
| Cash | US$2.01b |
| Equity | US$714.80m |
| Total liabilities | US$14.51b |
| Total assets | US$15.22b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LTM's short term assets ($4.2B) do not cover its short term liabilities ($6.2B).
Long Term Liabilities: LTM's short term assets ($4.2B) do not cover its long term liabilities ($8.3B).
Debt to Equity History and Analysis
Debt Level: LTM's net debt to equity ratio (144%) is considered high.
Reducing Debt: LTM's debt to equity ratio has increased from 195.2% to 425.2% over the past 5 years.
Debt Coverage: LTM's debt is well covered by operating cash flow (92.8%).
Interest Coverage: LTM's interest payments on its debt are not well covered by EBIT (1.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 20:15 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
LATAM Airlines Group S.A. is covered by 20 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Pablo Monsivais Mendoza | Barclays |
| Murilo Freiberger | BofA Global Research |
| Victor Mizusaki | Bradesco S.A. Corretora de Títulos e Valores Mobiliários |