Japan Airlines Balance Sheet Health
Financial Health criteria checks 5/6
Japan Airlines has a total shareholder equity of ¥955.7B and total debt of ¥931.9B, which brings its debt-to-equity ratio to 97.5%. Its total assets and total liabilities are ¥2,760.8B and ¥1,805.0B respectively. Japan Airlines's EBIT is ¥147.2B making its interest coverage ratio 8.9. It has cash and short-term investments of ¥750.6B.
Key information
97.5%
Debt to equity ratio
JP¥931.95b
Debt
| Interest coverage ratio | 8.9x |
| Cash | JP¥750.60b |
| Equity | JP¥955.74b |
| Total liabilities | JP¥1.81t |
| Total assets | JP¥2.76t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JAPS.Y's short term assets (¥1,073.1B) exceed its short term liabilities (¥802.1B).
Long Term Liabilities: JAPS.Y's short term assets (¥1,073.1B) exceed its long term liabilities (¥1,002.9B).
Debt to Equity History and Analysis
Debt Level: JAPS.Y's net debt to equity ratio (19%) is considered satisfactory.
Reducing Debt: JAPS.Y's debt to equity ratio has increased from 10.8% to 97.5% over the past 5 years.
Debt Coverage: JAPS.Y's debt is well covered by operating cash flow (35.9%).
Interest Coverage: JAPS.Y's interest payments on its debt are well covered by EBIT (8.9x coverage).