Balance Sheet Ryanair Holdings plc

Equities

RYA

IE00BYTBXV33

Airlines

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489f50620230ed0708c673800.2AxGcDPie9N-FAvoGx2FLcJXZm-PQpMpwAGFpfm92cE.gkY8P3SECZkOW0aZTyy0ZIgeKTnKDMplglTgytTEo5u5WjwYS5gxkhUjMw

Published financial data: RYANAIR HOLDINGS PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	1.64B	4.8B	10.78B	13.44B	13.95B
Total Revenues	1.64B	4.8B	10.78B	13.44B	13.95B
Cost of Goods Sold, Total	1.7B	4.01B	7.74B	9.57B	10.3B
Gross Profit	-66.9M	791M	3.04B	3.88B	3.65B
Selling General & Admin Expenses, Total	202M	411M	674M	757M	878M
Depreciation & Amortization - (IS)	571M	719M	923M	1.06B	1.21B
Other Operating Expenses, Total	772M	1.13B	1.6B	1.82B	2.09B
Operating Income	-839M	-340M	1.44B	2.06B	1.56B
Interest Expense, Total	-69.8M	-91.4M	-76.8M	-83M	-66.5M
Interest And Investment Income	3M	-	42.4M	145M	290M
Net Interest Expenses	-66.8M	-91.4M	-34.4M	61.8M	224M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	50.2M	1.2M	34.3M	5.5M	2.4M
Other Non Operating Income (Expenses)	-266M	-	-	-	-
EBT, Excl. Unusual Items	-1.12B	-430M	1.44B	2.13B	1.78B
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	13M	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-1.11B	-430M	1.44B	2.13B	1.78B
Income Tax Expense	-93.6M	-189M	129M	211M	173M
Earnings From Continuing Operations	-1.02B	-241M	1.31B	1.92B	1.61B
Net Income to Company	-1.02B	-241M	1.31B	1.92B	1.61B
Net Income - (IS)	-1.02B	-241M	1.31B	1.92B	1.61B
Net Income to Common Incl Extra Items	-1.02B	-241M	1.31B	1.92B	1.61B
Net Income to Common Excl. Extra Items	-1.02B	-241M	1.31B	1.92B	1.61B
Per Share Items
Net EPS - Basic	-0.91	-0.21	1.16	1.68	1.46
Basic EPS - Continuing Operations	-0.91	-0.21	1.16	1.68	1.46
Basic Weighted Average Shares Outstanding	1.11B	1.13B	1.14B	1.14B	1.1B
Net EPS - Diluted	-0.91	-0.21	1.15	1.67	1.45
Diluted EPS - Continuing Operations	-0.91	-0.21	1.15	1.67	1.45
Diluted Weighted Average Shares Outstanding	1.11B	1.13B	1.14B	1.14B	1.11B
Normalized Basic EPS	-0.63	-0.24	0.79	1.17	1.01
Normalized Diluted EPS	-0.63	-0.24	0.79	1.16	1.01
Dividend Per Share	-	-	-	0.35	0.45
Payout Ratio	-	-	-	10.41	27.16
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	-337M	325M	2.28B	3.06B	2.71B
EBITA	-839M	-340M	1.44B	2.06B	1.56B
EBIT	-839M	-340M	1.44B	2.06B	1.56B
EBITDAR	-330M	-	-	-	-
Total Revenues (As Reported)	1.64B	4.8B	10.78B	13.44B	13.95B
Effective Tax Rate - (Ratio)	8.44	43.97	8.92	9.91	9.68
Total Current Taxes	5.5M	-9.8M	22.7M	49.4M	125M
Total Deferred Taxes	-99.1M	-179M	106M	162M	47.4M
Normalized Net Income	-701M	-269M	902M	1.33B	1.12B
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	69.8M	91.4M	76.8M	83M	66.5M
Non-Cash Pension Expense	-	-	-	-	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	202M	411M	674M	757M	878M
Net Rental Expense, Total	6.7M	-	-	-	-
Imputed Operating Lease Interest Expense	776K	-	-	-	-
Imputed Operating Lease Depreciation	5.92M	-	-	-	-
Maintenance & Repair Expenses, Total	244M	311M	445M	442M	495M
Stock-Based Comp., COGS (Total)	3.6M	8.6M	16.2M	-3.9M	12.8M
Total Stock-Based Compensation	3.6M	8.6M	16.2M	-3.9M	12.8M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	2.65B	2.67B	3.6B	3.88B	3.86B
Short Term Investments	466M	934M	1.06B	238M	100M
Total Cash And Short Term Investments	3.12B	3.6B	4.66B	4.11B	3.96B
Accounts Receivable, Total	18.6M	43.5M	59.7M	76.4M	73.5M
Other Receivables	-	-	10.3M	6.7M	4.8M
Total Receivables	18.6M	43.5M	70M	83.1M	78.3M
Inventory	3.6M	4.3M	6M	6.2M	4.6M
Prepaid Expenses	180M	401M	868M	1.27B	1.85B
Restricted Cash	34.1M	22.7M	19.5M	6.4M	23.1M
Other Current Assets, Total	106M	1.4B	292M	350M	94.4M
Total Current Assets	3.46B	5.48B	5.91B	5.83B	6.01B
Gross Property Plant And Equipment	13.13B	14.22B	15.73B	17.04B	17.71B
Accumulated Depreciation	-4.58B	-4.99B	-5.62B	-6.02B	-6.64B
Net Property Plant And Equipment	8.55B	9.23B	10.12B	11.01B	11.07B
Other Intangibles, Total	146M	146M	146M	146M	146M
Deferred Tax Assets Long-Term	14M	42.3M	6.6M	2.1M	1.6M
Other Long-Term Assets, Total	160M	257M	224M	186M	277M
Total Assets	12.33B	15.15B	16.41B	17.18B	17.51B
Liabilities
Accounts Payable, Total	336M	1.03B	1.07B	792M	702M
Accrued Expenses, Total	994M	1.45B	2.02B	2.37B	2.8B
Short-term Borrowings	-	226M	230M	-	-
Current Portion of Long-Term Debt	1.73B	998M	827M	50M	848M
Current Portion of Leases	52.5M	56.9M	43.2M	39.4M	37.7M
Current Income Taxes Payable	48.1M	47.7M	66.3M	66.6M	107M
Unearned Revenue Current, Total	291M	1.55B	2.79B	2.9B	3.43B
Other Current Liabilities	79.2M	38.6M	387M	179M	225M
Total Current Liabilities	3.53B	5.4B	7.42B	6.4B	8.15B
Long-Term Debt	3.52B	3.71B	2.85B	2.53B	1.69B
Long-Term Leases	131M	81.4M	163M	125M	111M
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	4.5M	4.5M	4.5M	-	-
Deferred Tax Liability Non Current	272M	266M	159M	362M	377M
Other Non Current Liabilities	229M	139M	161M	141M	144M
Total Liabilities	7.68B	9.6B	10.76B	9.56B	10.47B
Common Stock, Total	6.7M	6.8M	6.9M	6.9M	6.4M
Additional Paid In Capital	1.16B	1.33B	1.38B	1.4B	1.42B
Retained Earnings	3.23B	2.88B	4.18B	5.9B	5.59B
Treasury Stock	-	-	-	-	-
Comprehensive Income and Other	246M	1.33B	76.2M	303M	20.3M
Total Common Equity	4.65B	5.55B	5.64B	7.61B	7.04B
Total Equity	4.65B	5.55B	5.64B	7.61B	7.04B
Total Liabilities And Equity	12.33B	15.15B	16.41B	17.18B	17.51B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.13B	1.14B	1.14B	1.14B	1.06B
ECS Total Common Shares Outstanding	1.13B	1.13B	1.14B	1.14B	1.06B
Book Value / Share	4.12	4.89	4.96	6.68	6.61
Tangible Book Value	4.5B	5.4B	5.5B	7.47B	6.89B
Tangible Book Value Per Share	3.99	4.76	4.83	6.55	6.48
Total Debt	5.43B	5.08B	4.12B	2.75B	2.68B
Net Debt	2.31B	1.47B	-539M	-1.37B	-1.28B
Debt Equivalent of Unfunded Proj. Benefit Obligation	4.5M	4.5M	4.5M	-3.1M	-3.1M
Debt Equivalent Oper. Leases	53.6M	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	3.6M	4.3M	6M	6.2M	4.6M
Buildings, Total	124M	135M	155M	204M	224M
Machinery, Total	12.82B	13.96B	15.37B	16.66B	17.34B
Full Time Employees	15.02K	19.12K	22.26K	27.08K	25.95K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	-1.02B	-241M	1.31B	1.92B	1.61B
Depreciation & Amortization - CF	571M	719M	923M	1.06B	1.21B
Depreciation & Amortization, Total	571M	719M	923M	1.06B	1.21B
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	3.6M	8.6M	16.2M	-3.9M	12.8M
Other Operating Activities, Total	-301M	-326M	269M	155M	95.1M
Change In Accounts Receivable	48.9M	-24.9M	-16.2M	-16.7M	2.9M
Change In Inventories	-300K	-700K	-1.7M	-200K	1.6M
Change In Accounts Payable	-408M	285M	31.2M	-46.4M	125M
Change in Other Net Operating Assets	-1.35B	1.52B	1.36B	93.8M	352M
Cash from Operations	-2.45B	1.94B	3.89B	3.16B	3.42B
Capital Expenditure	-295M	-1.18B	-1.91B	-2.39B	-1.55B
Sale of Property, Plant, and Equipment	112M	110M	4.9M	-	-
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	742M	-469M	-122M	818M	138M
Other Investing Activities, Total	378M	125M	131M	13.1M	-16.7M
Cash from Investing	937M	-1.41B	-1.9B	-1.56B	-1.43B
Long-Term Debt Issued, Total	2.23B	1.19B	-	-	-
Total Debt Issued	2.23B	1.19B	-	-	-
Long-Term Debt Repaid, Total	-1.03B	-1.78B	-1.09B	-1.14B	-86.4M
Total Debt Repaid	-1.03B	-1.78B	-1.09B	-1.14B	-86.4M
Issuance of Common Stock	421M	46.8M	31.7M	16.4M	4.9M
Repurchase of Common Stock	-	-	-	-	-1.48B
Common Dividends Paid	-	-	-	-200M	-438M
Common & Preferred Stock Dividends Paid	-	-	-	-200M	-438M
Cash from Financing	1.62B	-536M	-1.05B	-1.33B	-2B
Foreign Exchange Rate Adjustments	-27.2M	28.7M	-5.5M	4.9M	700K
Net Change in Cash	84.3M	18.3M	930M	276M	-12.1M
Supplemental Items
Cash Interest Paid	59.2M	86.6M	75M	88.7M	69.7M
Cash Income Tax Paid (Refund)	-87.1M	-9.5M	4.1M	49.1M	84.9M
Levered Free Cash Flow	-3.21B	116M	2.7B	-569M	1.23B
Unlevered Free Cash Flow	-3.17B	173M	2.75B	-517M	1.27B
Change In Net Working Capital	2.92B	-839M	-2.82B	468M	-623M
Net Debt Issued / Repaid	1.2B	-583M	-1.09B	-1.14B	-86.4M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	-3.88	-1.54	5.71	7.67	5.62
Return on Total Capital	-5.46	-2.05	8.85	12.8	9.7
Return On Equity %	-21.23	-4.73	23.49	28.92	22
Return on Common Equity	-21.23	-4.73	23.49	28.92	22
Margin Analysis
Gross Profit Margin %	-4.09	16.48	28.21	28.84	26.17
SG&A Margin	12.32	8.57	6.26	5.63	6.3
EBITDA Margin %	-20.6	6.78	21.18	22.72	19.42
EBITA Margin %	-51.31	-7.07	13.39	15.33	11.17
EBIT Margin %	-51.31	-7.07	13.39	15.33	11.17
Income From Continuing Operations Margin %	-62.06	-5.02	12.19	14.26	11.55
Net Income Margin %	-62.06	-5.02	12.19	14.26	11.55
Net Avail. For Common Margin %	-62.06	-5.02	12.19	14.26	11.55
Normalized Net Income Margin	-42.86	-5.6	8.37	9.89	8
Levered Free Cash Flow Margin	-196.39	2.41	25.05	-4.23	8.82
Unlevered Free Cash Flow Margin	-193.72	3.6	25.49	-3.84	9.12
Asset Turnover
Asset Turnover	0.12	0.35	0.68	0.8	0.8
Fixed Assets Turnover	0.18	0.54	1.11	1.27	1.26
Receivables Turnover (Average Receivables)	38	154.62	208.82	197.56	186.1
Inventory Turnover (Average Inventory)	493.54	1.02K	1.5K	1.57K	1.91K
Short Term Liquidity
Current Ratio	0.98	1.01	0.8	0.91	0.74
Quick Ratio	0.89	0.68	0.64	0.66	0.5
Operating Cash Flow to Current Liabilities	-0.69	0.36	0.52	0.49	0.42
Days Sales Outstanding (Average Receivables)	9.61	2.36	1.75	1.85	1.96
Days Outstanding Inventory (Average Inventory)	0.74	0.36	0.24	0.23	0.19
Average Days Payable Outstanding	182.63	62.11	49.41	35.54	26.48
Cash Conversion Cycle (Average Days)	-172.28	-59.39	-47.42	-33.45	-24.33
Long Term Solvency
Total Debt/Equity	116.79	91.56	72.94	36.07	38.12
Total Debt / Total Capital	53.87	47.8	42.18	26.51	27.6
LT Debt/Equity	78.52	68.45	53.45	34.9	25.53
Long-Term Debt / Total Capital	36.22	35.73	30.91	25.65	18.48
Total Liabilities / Total Assets	62.31	63.4	65.6	55.67	59.81
EBIT / Interest Expense	-12.03	-3.72	18.78	24.83	23.43
EBITDA / Interest Expense	-3.85	4.16	30.8	37.59	41.69
(EBITDA - Capex) / Interest Expense	-8.07	-8.77	5.87	8.77	18.34
Total Debt / EBITDA	-20.22	13.37	1.74	0.88	0.97
Net Debt / EBITDA	-8.61	3.88	-0.23	-0.44	-0.46
Total Debt / (EBITDA - Capex)	-9.64	-6.33	9.12	3.77	2.2
Net Debt / (EBITDA - Capex)	-4.1	-1.84	-1.2	-1.88	-1.05
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-80.74	193.49	124.44	24.77	3.75
Gross Profit, 1 Yr. Growth %	-102.73	-1.28K	284.3	27.54	-5.84
EBITDA, 1 Yr. Growth %	-118.55	-196.53	601.44	33.89	-11.32
EBITA, 1 Yr. Growth %	-174.45	-59.54	-524.79	42.85	-24.39
EBIT, 1 Yr. Growth %	-174.45	-59.54	-524.79	42.85	-24.39
Earnings From Cont. Operations, 1 Yr. Growth %	-256.48	-76.28	-645.6	45.92	-15.94
Net Income, 1 Yr. Growth %	-256.48	-76.28	-645.6	45.92	-15.94
Normalized Net Income, 1 Yr. Growth %	-267.34	-61.68	-435.62	47.52	-16.15
Diluted EPS Before Extra, 1 Yr. Growth %	-257.81	-76.7	-641.26	45.22	-13.1
Accounts Receivable, 1 Yr. Growth %	-72.44	133.87	37.24	27.97	-3.8
Inventory, 1 Yr. Growth %	9.09	19.44	39.53	3.33	-25.81
Net Property, Plant and Equip., 1 Yr. Growth %	-11.63	7.95	9.64	8.85	0.53
Total Assets, 1 Yr. Growth %	-16.4	22.89	8.29	4.69	1.93
Tangible Book Value, 1 Yr. Growth %	-5.62	19.97	1.81	35.86	-7.73
Common Equity, 1 Yr. Growth %	-5.45	19.34	1.76	34.93	-7.58
Cash From Operations, 1 Yr. Growth %	-284.46	-179.27	100.52	-18.84	8.16
Capital Expenditures, 1 Yr. Growth %	-49.08	300.95	62.04	24.92	-35.09
Levered Free Cash Flow, 1 Yr. Growth %	-258.77	-103.61	2.23K	-121.07	-316.27
Unlevered Free Cash Flow, 1 Yr. Growth %	-253.17	-105.46	1.49K	-118.82	-346.01
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	27.48
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-53.9	-24.82	156.65	67.34	13.78
Gross Profit, 2 Yr. CAGR %	-82.58	-43.23	574.12	121.39	9.58
EBITDA, 2 Yr. CAGR %	-54.91	-57.68	160.21	206.45	8.96
EBITA, 2 Yr. CAGR %	-9.14	-45.12	31.1	146.33	3.92
EBIT, 2 Yr. CAGR %	-9.14	-45.12	31.1	146.33	3.92
Earnings From Cont. Operations, 2 Yr. CAGR %	7.1	-39.07	13.77	182.16	10.76
Net Income, 2 Yr. CAGR %	7.1	-39.07	13.77	182.16	10.76
Normalized Net Income, 2 Yr. CAGR %	9.12	-19.92	14.06	122.51	11.22
Diluted EPS Before Extra, 2 Yr. CAGR %	9.21	-39.36	12.3	180.36	12.34
Accounts Receivable, 2 Yr. CAGR %	-44.09	-19.72	79.16	32.53	10.96
Inventory, 2 Yr. CAGR %	11.42	14.15	29.1	20.08	-12.44
Net Property, Plant and Equip., 2 Yr. CAGR %	-2.7	-2.33	8.79	9.24	4.61
Total Assets, 2 Yr. CAGR %	-3.54	1.36	15.36	6.48	3.3
Tangible Book Value, 2 Yr. CAGR %	-5.77	6.41	10.52	17.61	11.96
Common Equity, 2 Yr. CAGR %	-5.61	6.22	10.2	17.18	11.67
Cash From Operations, 2 Yr. CAGR %	17.96	20.92	26.07	27.57	-6.31
Capital Expenditures, 2 Yr. CAGR %	-52.18	42.88	154.89	42.28	-9.95
Levered Free Cash Flow, 2 Yr. CAGR %	119.52	-76.06	-8.34	121.5	-32.49
Unlevered Free Cash Flow, 2 Yr. CAGR %	112.22	-71.08	-6.9	72.82	-31.96
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-38.84	-14.56	8.25	101.8	42.69
Gross Profit, 3 Yr. CAGR %	-70.62	-28.94	7.39	286.99	66.49
EBITDA, 3 Yr. CAGR %	-46.72	-41.88	7.9	108.51	102.7
EBITA, 3 Yr. CAGR %	-20.45	-30.62	8.56	34.9	66.16
EBIT, 3 Yr. CAGR %	-20.45	-30.62	8.56	34.9	66.16
Earnings From Cont. Operations, 3 Yr. CAGR %	-11.21	-35.2	26.52	23.61	88.45
Net Income, 3 Yr. CAGR %	-11.21	-35.2	26.52	23.61	88.45
Normalized Net Income, 3 Yr. CAGR %	-11.37	-23.02	29.11	24.28	60.72
Diluted EPS Before Extra, 3 Yr. CAGR %	-8.78	-34.74	25.79	22.35	89.74
Accounts Receivable, 3 Yr. CAGR %	-31.39	-9.91	-4.01	60.15	19.11
Inventory, 3 Yr. CAGR %	-0.91	14.03	22.05	19.87	2.27
Net Property, Plant and Equip., 3 Yr. CAGR %	4.16	0.73	1.5	8.81	6.26
Total Assets, 3 Yr. CAGR %	-0.09	4.57	3.62	11.69	4.94
Tangible Book Value, 3 Yr. CAGR %	0.59	2.13	4.85	18.39	8.47
Common Equity, 3 Yr. CAGR %	1.31	2.07	4.72	17.9	8.26
Cash From Operations, 3 Yr. CAGR %	3.11	3.32	43.13	8.86	20.74
Capital Expenditures, 3 Yr. CAGR %	-41.48	-2.85	49	100.97	9.53
Levered Free Cash Flow, 3 Yr. CAGR %	79.25	-44.18	10.08	-43.85	119.74
Unlevered Free Cash Flow, 3 Yr. CAGR %	74.6	-37.35	9.91	-45.36	94.41
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-24.2	-6.3	8.55	11.8	10.43
Gross Profit, 5 Yr. CAGR %	-50.18	-19.59	2.87	11.95	8.26
EBITDA, 5 Yr. CAGR %	-29.15	-30.67	0.48	13.01	8.32
EBITA, 5 Yr. CAGR %	-10.48	-26.03	-2.85	15.17	6.68
EBIT, 5 Yr. CAGR %	-10.48	-26.03	-2.85	15.17	6.68
Earnings From Cont. Operations, 5 Yr. CAGR %	-8.22	-28.8	-1.96	16.72	19.96
Net Income, 5 Yr. CAGR %	-8.22	-28.8	-1.96	16.72	19.96
Normalized Net Income, 5 Yr. CAGR %	-4.4	-21.81	-2.19	17.7	21.63
Diluted EPS Before Extra, 5 Yr. CAGR %	-4.59	-27.27	-0.87	16.91	20.22
Accounts Receivable, 5 Yr. CAGR %	-22.4	-4.34	0.72	5.13	1.72
Inventory, 5 Yr. CAGR %	1.76	6.76	10.15	16.41	6.87
Net Property, Plant and Equip., 5 Yr. CAGR %	8.93	7.17	5.99	4.05	2.74
Total Assets, 5 Yr. CAGR %	1.9	4.79	5.82	5.33	3.49
Tangible Book Value, 5 Yr. CAGR %	4.86	4.29	4.45	8.06	7.64
Common Equity, 5 Yr. CAGR %	5.26	4.63	4.78	7.86	7.44
Cash From Operations, 5 Yr. CAGR %	5.8	0.14	11.74	12.41	20.81
Capital Expenditures, 5 Yr. CAGR %	-24.7	-4.01	5.42	13.17	21.82
Levered Free Cash Flow, 5 Yr. CAGR %	44.52	-24.46	37.07	-3.13	-9.48
Unlevered Free Cash Flow, 5 Yr. CAGR %	41.74	-16.61	35.77	-5.98	-9.28