Aegean Airlines Balance Sheet Health
Financial Health criteria checks 5/6
Aegean Airlines has a total shareholder equity of €470.4M and total debt of €263.6M, which brings its debt-to-equity ratio to 56%. Its total assets and total liabilities are €2.8B and €2.3B respectively. Aegean Airlines's EBIT is €192.3M making its interest coverage ratio 4.3. It has cash and short-term investments of €549.7M.
Key information
56.0%
Debt to equity ratio
€263.60m
Debt
| Interest coverage ratio | 4.3x |
| Cash | €549.70m |
| Equity | €470.40m |
| Total liabilities | €2.31b |
| Total assets | €2.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AGZN.F's short term assets (€866.6M) exceed its short term liabilities (€854.9M).
Long Term Liabilities: AGZN.F's short term assets (€866.6M) do not cover its long term liabilities (€1.5B).
Debt to Equity History and Analysis
Debt Level: AGZN.F has more cash than its total debt.
Reducing Debt: AGZN.F's debt to equity ratio has reduced from 61.1% to 56% over the past 5 years.
Debt Coverage: AGZN.F's debt is well covered by operating cash flow (135.5%).
Interest Coverage: AGZN.F's interest payments on its debt are well covered by EBIT (4.3x coverage).