Ryanair Holdings plc (RYAAY) Balance Sheet

NASDAQ: RYAAYAssets, liabilities, debt and equity over 10 years.

RYAAY balance sheet, FY2026

March 31, 2026 · euros

€19.77B assets = €9.66B liabilities + €10.11B equity

What it owns€19.77BCash & ST investments: €3.58B (18.1%)Cash & ST investments€3.58B · 18%Receivables: €44.2M (0.2%)Inventory: €4.8M (0.0%)Other current: €4.12B (20.9%)Other current€4.12B · 21%PP&E: €11.53B (58.3%)PP&E€11.53B · 58%Goodwill & intangibles: €293.0M (1.5%)Other non-current: €189.0M (1.0%)=How it is financed€19.77BCurrent liabilities: €8.58B (43.4%)Current liabilities€8.58B · 43%Long-term debt: €147.8M (0.7%)Other LT liabilities: €926.8M (4.7%)Shareholders’ equity: €10.11B (51.2%)Shareholders’ equity€10.11B · 51%

Both columns are drawn to the same scale: what RYAAY owns equals what it owes plus shareholders’ equity. Hover a block for its value.

RYAAY financial health

Current ratio0.90
Tight · current assets cover current liabilities 0.90×
Debt / equity0.15
Low leverage · €0.15 of debt for each $1 of equity
Equity / assets51.2%
Equity-funded · of assets funded by shareholders
Cash / debt239.8%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles1.5%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal FY2026.

RYAAY balance sheet trends, FY2017–FY2026

MetricTrendThenLatestChange
Total assets€11.99BFY2017€19.77BFY2026+5.7%/yr
Total liabilities€7.57BFY2017€9.66BFY2026+2.7%/yr
Shareholders’ equity€4.42BFY2017€10.11BFY2026+9.6%/yr
Cash & short-term investments€4.13BFY2017€3.58BFY2026−1.6%/yr
Total debt€4.38BFY2017€1.49BFY2026−11.3%/yr
Net cash (debt)−€256.0MFY2017€2.09BFY2026+€2.3B
Working capital€1.69BFY2017−€828.8MFY2026−€2.5B
Current ratio1.56FY20170.90FY2026−0.66
Debt / equity0.99FY20170.15FY2026−0.84
Shares outstanding628.8MFY2017532.2MFY2026−1.8%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

RYAAY assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

RYAAY liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

RYAAY debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

RYAAY balance sheet in euros

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Assets
Cash & short-term investments€3.58B€3.96B€4.11B€4.66B€3.60B€3.12B€4.18B€3.16B€3.65B€4.13B
Cash & equivalents€2.77B€3.86B€3.88B€3.60B€2.67B€2.65B€2.85B€1.68B€1.51B€1.22B
Short-term investments€813.2M€100.1M€237.8M€1.06B€934.1M€465.5M€1.32B€1.48B€2.13B€2.90B
Receivables€44.2M€73.5M€76.4M€59.7M€43.5M€18.6M€125.4M€60.3M€57.6M€54.3M
Inventory€4.8M€4.6M€6.2M€6.0M€4.3M€3.6M€3.6M€2.9M€3.7M€3.1M
Other current assets€4.12B€1.97B€1.63B€1.19B€1.82B€319.9M€623.6M€580.8M€482.2M€520.2M
Total current assets€7.75B€6.01B€5.83B€5.91B€5.48B€3.46B€4.93B€3.80B€4.19B€4.71B
Property, plant & equipment (net)€11.53B€11.07B€11.01B€10.12B€9.23B€8.55B€10.62B€9.03B€8.12B€7.21B
Goodwill & intangible assets€293.0M€146.4M€146.4M€146.4M€146.4M€146.4M€160.6M€146.4M€46.8M€46.8M
Long-term investments€0€0€0€0€0€0€0€6.4M€0€282.84T
Other non-current assets€189.0M€278.7M€188.6M€230.1M€299.5M€174.0M€474.1M€264.3M€2.6M€0
Total assets€19.77B€17.51B€17.18B€16.41B€15.15B€12.33B€16.18B€13.25B€12.36B€11.99B
Liabilities
Accounts payable€610.4M€702.0M€792.2M€1.07B€1.03B€336.0M€1.50B€573.8M€249.6M€294.1M
Short-term debt€1.24B€886.1M€89.4M€1.10B€1.28B€1.78B€501.8M€309.4M€434.6M€325.7M
Deferred revenue€3.42B€3.43B€2.90B€2.79B€1.55B€290.9M€599.6M€1.96B€1.41B€1.33B
Total current liabilities€8.58B€8.15B€6.40B€7.42B€5.40B€3.53B€6.04B€4.10B€3.41B€3.01B
Long-term debt€147.8M€1.69B€2.53B€2.85B€3.71B€3.52B€3.75B€3.33B€3.53B€3.93B
Lease obligations€144.9M€149.1M€164.6M€206.3M€138.3M€183.1M€245.9M€0€0€0
Other long-term liabilities€926.8M€632.1M€628.6M€488.1M€491.2M€636.7M€991.2M€603.8M€951.6M€626.3M
Total liabilities€9.66B€10.47B€9.56B€10.76B€9.60B€7.68B€10.79B€8.04B€7.89B€7.57B
Shareholders' equity
Common stock & paid-in capital€6.3M€6.4M€6.9M€6.9M€6.8M€6.7M€7.1M€6.8M€7.0M€7.3M
Retained earnings (deficit)€6.78B€5.59B€5.90B€4.18B€2.88B€3.23B€4.66B€4.18B€4.08B€3.46B
Treasury stock———————€0€0€0
Accumulated other comprehensive income€1.88B−€21.3M€265.9M€31.4M€1.30B€211.3M−€82.8M€306.8M−€338.4M€236.8M
Minority interest———————€0€0€0
Total shareholders' equity€10.11B€7.04B€7.61B€5.64B€5.55B€4.65B€5.39B€5.22B€4.47B€4.42B
Key figures
Total debt€1.49B€2.68B€2.75B€4.12B€5.08B€5.43B€4.62B€3.64B€3.96B€4.38B
Net cash (debt)€2.09B€1.28B€1.37B€539.3M−€1.47B−€2.31B−€442.4M−€484.4M−€317.5M−€256.0M
Working capital−€828.8M−€2.14B−€573.5M−€1.51B€76.4M−€68.6M−€1.11B−€292.6M€776.1M€1.69B
Tangible book value€9.82B€6.89B€7.47B€5.50B€5.40B€4.50B€5.23B€5.07B€4.42B€4.38B
Shares outstanding532.2M553.9M572.5M284.9M282.6M555.2M559.9M577.3M602.0M628.8M
Current ratio0.900.740.910.801.010.980.820.931.231.56
Quick ratio0.420.500.650.640.680.890.710.791.091.39
Debt / equity0.150.380.360.730.921.170.860.700.890.99
Equity / assets51.2%40.2%44.3%34.4%36.6%37.7%33.3%39.4%36.2%36.9%

Quarterly columns are labeled by the month the quarter ended. Figures in euros as reported (latest annual report filed June 22, 2026); data from EODHD.

RYAAY financial position

At the end of fiscal 2026 (March 31, 2026), Ryanair had total assets of €19.8 billion (up 12.9% from a year earlier), total liabilities of €9.7 billion and shareholders' equity of €10.1 billion. It held €3.6 billion in cash and short-term investments against €1.5 billion of debt, a net cash position of €2.1 billion. Its current ratio was 0.90. In the latest quarter (ended June 30, 2026) total assets were €18.2 billion and equity €9.5 billion.

Related: RYAAY income statement, RYAAY cash flow statement, RYAAY key metrics. See the RYAAY stock overview for the latest quote and news.

RYAAY balance sheet FAQ

What are Ryanair's total assets?

Ryanair reported total assets of €19.8 billion at the end of fiscal 2026 (March 31, 2026), compared with €17.5 billion a year earlier.

How much debt does Ryanair have?

Ryanair had €1.5 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.15.

How much cash does Ryanair have?

Ryanair held €3.6 billion in cash and short-term investments at the end of fiscal 2026; with €1.5 billion of debt that is net cash of €2.1 billion.

What is Ryanair's book value?

Ryanair's shareholders' equity (book value) was €10.1 billion at the end of fiscal 2026.

What is Ryanair's current ratio?

Ryanair had current assets of €7.8 billion and current liabilities of €8.6 billion, a current ratio of 0.90 (current liabilities exceed current assets).

How much goodwill does Ryanair have?

Ryanair carried €293.0 million of goodwill and intangible assets, 1.5% of total assets, at the end of fiscal 2026.

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