Grupo Aeroportuario del Centro Norte. de Balance Sheet Health
Financial Health criteria checks 3/6
Grupo Aeroportuario del Centro Norte. de has a total shareholder equity of MX$10.9B and total debt of MX$10.7B, which brings its debt-to-equity ratio to 97.8%. Its total assets and total liabilities are MX$26.8B and MX$15.9B respectively. Grupo Aeroportuario del Centro Norte. de's EBIT is MX$8.1B making its interest coverage ratio 8. It has cash and short-term investments of MX$3.4B.
Key information
97.8%
Debt to equity ratio
Mex$10.68b
Debt
| Interest coverage ratio | 8x |
| Cash | Mex$3.44b |
| Equity | Mex$10.92b |
| Total liabilities | Mex$15.92b |
| Total assets | Mex$26.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GAER.F's short term assets (MX$5.6B) exceed its short term liabilities (MX$3.0B).
Long Term Liabilities: GAER.F's short term assets (MX$5.6B) do not cover its long term liabilities (MX$12.9B).
Debt to Equity History and Analysis
Debt Level: GAER.F's net debt to equity ratio (66.3%) is considered high.
Reducing Debt: GAER.F's debt to equity ratio has increased from 49.3% to 97.8% over the past 5 years.
Debt Coverage: GAER.F's debt is well covered by operating cash flow (60.9%).
Interest Coverage: GAER.F's interest payments on its debt are well covered by EBIT (8x coverage).