easyJet Balance Sheet Health
Financial Health criteria checks 4/6
easyJet has a total shareholder equity of £2.8B and total debt of £1.9B, which brings its debt-to-equity ratio to 68.7%. Its total assets and total liabilities are £9.8B and £7.1B respectively. easyJet's EBIT is £468.0M making its interest coverage ratio 10. It has cash and short-term investments of £2.9B.
Key information
68.7%
Debt to equity ratio
UK£1.92b
Debt
Interest coverage ratio | 10x |
Cash | UK£2.93b |
Equity | UK£2.79b |
Total liabilities | UK£7.05b |
Total assets | UK£9.84b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ESYJ.Y's short term assets (£4.1B) do not cover its short term liabilities (£4.1B).
Long Term Liabilities: ESYJ.Y's short term assets (£4.1B) exceed its long term liabilities (£2.9B).
Debt to Equity History and Analysis
Debt Level: ESYJ.Y has more cash than its total debt.
Reducing Debt: ESYJ.Y's debt to equity ratio has increased from 27.2% to 68.7% over the past 5 years.
Debt Coverage: ESYJ.Y's debt is well covered by operating cash flow (81%).
Interest Coverage: ESYJ.Y's interest payments on its debt are well covered by EBIT (10x coverage).