easyJet Balance Sheet Health
Financial Health criteria checks 5/6
easyJet has a total shareholder equity of £2.4B and total debt of £2.2B, which brings its debt-to-equity ratio to 89.6%. Its total assets and total liabilities are £10.9B and £8.5B respectively. easyJet's EBIT is £520.0M making its interest coverage ratio 104. It has cash and short-term investments of £3.3B.
Key information
89.6%
Debt to equity ratio
UK£2.16b
Debt
| Interest coverage ratio | 104x |
| Cash | UK£3.33b |
| Equity | UK£2.41b |
| Total liabilities | UK£8.49b |
| Total assets | UK£10.91b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ESYJ.Y's short term assets (£4.9B) exceed its short term liabilities (£4.8B).
Long Term Liabilities: ESYJ.Y's short term assets (£4.9B) exceed its long term liabilities (£3.7B).
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 34.1% to 89.6% over the past 5 years.
Debt Coverage: ESYJ.Y's debt is well covered by operating cash flow (58.5%).
Interest Coverage: ESYJ.Y's interest payments on its debt are well covered by EBIT (104x coverage).