Cathay Pacific Airways Balance Sheet Health
Financial Health criteria checks 4/6
Cathay Pacific Airways has a total shareholder equity of HK$60.0B and total debt of HK$39.3B, which brings its debt-to-equity ratio to 65.5%. Its total assets and total liabilities are HK$174.1B and HK$114.1B respectively. Cathay Pacific Airways's EBIT is HK$13.0B making its interest coverage ratio 4. It has cash and short-term investments of HK$15.5B.
Key information
65.5%
Debt to equity ratio
HK$39.30b
Debt
Interest coverage ratio | 4x |
Cash | HK$15.53b |
Equity | HK$60.03b |
Total liabilities | HK$114.08b |
Total assets | HK$174.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CPCA.Y's short term assets (HK$22.7B) do not cover its short term liabilities (HK$45.5B).
Long Term Liabilities: CPCA.Y's short term assets (HK$22.7B) do not cover its long term liabilities (HK$68.6B).
Debt to Equity History and Analysis
Debt Level: CPCA.Y's net debt to equity ratio (39.6%) is considered satisfactory.
Reducing Debt: CPCA.Y's debt to equity ratio has reduced from 79.3% to 65.5% over the past 5 years.
Debt Coverage: CPCA.Y's debt is well covered by operating cash flow (67.2%).
Interest Coverage: CPCA.Y's interest payments on its debt are well covered by EBIT (4x coverage).