Wizz Air Holdings Balance Sheet Health
Financial Health criteria checks 2/6
Wizz Air Holdings has a total shareholder equity of €145.7M and total debt of €1.0B, which brings its debt-to-equity ratio to 696.2%. Its total assets and total liabilities are €8.7B and €8.5B respectively. Wizz Air Holdings's EBIT is €193.1M making its interest coverage ratio 1.7. It has cash and short-term investments of €1.5B.
Key information
696.2%
Debt to equity ratio
€1.01b
Debt
Interest coverage ratio | 1.7x |
Cash | €1.48b |
Equity | €145.70m |
Total liabilities | €8.55b |
Total assets | €8.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WZZZ.Y's short term assets (€2.6B) do not cover its short term liabilities (€3.0B).
Long Term Liabilities: WZZZ.Y's short term assets (€2.6B) do not cover its long term liabilities (€5.6B).
Debt to Equity History and Analysis
Debt Level: WZZZ.Y has more cash than its total debt.
Reducing Debt: WZZZ.Y's debt to equity ratio has increased from 2.2% to 696.2% over the past 5 years.
Debt Coverage: WZZZ.Y's debt is well covered by operating cash flow (66.7%).
Interest Coverage: WZZZ.Y's interest payments on its debt are not well covered by EBIT (1.7x coverage).