Ryanair Holdings (RYAAY) Balance Sheet: Assets & Liabilities

Ryanair Holdings (RYAAY) Balance Sheet

As of Mar 31, 2026 (end of fiscal 2026), Ryanair Holdings reported total assets of EUR 19.75B and total liabilities of EUR 9.65B. Shareholders' equity was EUR 10.10B, up 43.5% from EUR 7.04B a year earlier. Total debt stood at EUR 1.35B against EUR 3.55B in cash and short-term investments, a net cash position of EUR 2.20B. That puts debt-to-equity at 0.13, compared with 0.36 a year earlier.

Ryanair Holdings Balance Sheet Analysis

Values in billions EUR

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Ryanair Holdings plc (RYAAY) - Annual data in billions EUR
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Current Assets
Cash and Cash Equivalents	2.73	3.86	3.88	3.60	2.67	2.65	2.85	1.68	1.52	1.22
Short-Term Investments	0.81	0.10	0.24	1.06	0.93	0.47	1.32	1.48	2.13	2.90
Cash & Short-Term Investments	3.55	3.96	4.11	4.66	3.60	3.12	4.18	3.16	3.65	4.13
Accounts Receivable	0.04	0.07	0.08	0.06	0.04	0.02	0.13	0.06	0.06	0.05
Inventory	0.00	0.00	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	1.99	1.97	1.63	1.19	1.82	0.32	0.62	0.58	0.48	0.52
Total Current Assets	7.74	6.01	5.83	5.91	5.48	3.46	4.93	3.80	4.19	4.71
Non-Current Assets
Property, Plant & Equipment (Net)	11.52	11.07	11.01	10.12	9.23	8.55	10.62	9.03	8.12	7.21
Long-Term Investments	0.09	0.00	0.00	0.00	0.00	0.00	0.42	0.00	0.00	0.00
Intangible Assets	0.15	0.15	0.15	0.15	0.15	0.15	0.16	0.15	0.05	0.05
Other Non-Current Assets	0.24	0.28	0.19	0.23	0.26	0.17	0.00	0.23	0.00	0.02
Total Non-Current Assets	12.00	11.50	11.35	10.49	9.67	8.87	11.25	9.45	8.17	7.28
Total Assets	19.75	17.51	17.18	16.41	15.15	12.33	16.18	13.25	12.36	11.99
Current Liabilities
Accounts Payable	0.61	0.70	0.79	1.07	1.03	0.34	1.50	0.57	0.25	0.29
Short-Term Debt	1.20	0.85	0.09	0.83	1.28	1.73	0.50	0.31	0.43	0.33
Current Portion of Long-Term Debt	1.20	0.85	0.05	1.06	1.22	1.73	-	-	-	-
Accrued Liabilities	2.22	6.18	1.60	4.78	0.95	1.27	-	-	-	-
Deferred Revenue	3.42	3.43	2.90	2.79	1.55	0.29	0.60	1.96	1.41	1.33
Other Current Liabilities	0.14	0.39	1.83	0.47	1.00	0.14	3.44	2.50	2.69	2.39
Total Current Liabilities	8.57	8.15	6.40	7.42	5.40	3.53	6.04	4.10	3.41	3.01
Non-Current Liabilities
Long-Term Debt	0.15	1.69	2.66	2.85	3.80	3.52	4.12	3.34	3.53	4.25
Deferred Tax Liabilities	0.67	0.38	0.36	0.16	0.27	0.27	0.39	0.00	0.40	0.47
Other Non-Current Liabilities	0.82	0.52	0.14	0.33	0.14	0.51	0.24	0.60	0.95	0.30
Total Non-Current Liabilities	1.07	2.32	3.16	3.34	4.21	4.15	4.75	3.94	4.48	4.55
Total Liabilities	9.65	10.47	9.56	10.76	9.60	7.68	10.79	8.04	7.89	7.57
Stockholders' Equity
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Retained Earnings	6.78	5.59	5.90	4.18	2.88	3.23	4.66	4.18	4.08	3.46
Accumulated Other Comprehensive Income	1.83	0.02	0.30	0.07	1.30	0.24	-0.08	0.31	-0.34	0.24
Additional Paid-in Capital	1.43	1.42	1.40	1.38	1.36	1.20	0.81	0.72	0.72	0.72
Shares Outstanding	1.04	1.06	1.14	1.14	1.13	-	-	-	-	-
Total Stockholders' Equity	10.10	7.04	7.61	5.64	5.55	4.65	5.39	5.22	4.47	4.42
Total Liabilities & Equity	19.75	17.51	17.18	16.41	15.15	12.33	16.18	13.25	12.36	11.99

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Ryanair Holdings Balance Sheet

How much debt does Ryanair Holdings have?

Ryanair Holdings had total debt of EUR 1.35B as of Mar 31, 2026, against EUR 3.55B in cash and short-term investments. Its debt-to-equity ratio was 0.13. Total debt was EUR 2.53B a year earlier.

What are Ryanair Holdings's total assets?

Ryanair Holdings reported total assets of EUR 19.75B as of Mar 31, 2026, up 12.8% from EUR 17.51B a year earlier. Total liabilities were EUR 9.65B.

What is Ryanair Holdings's shareholders' equity?

Ryanair Holdings's shareholders' equity was EUR 10.10B as of Mar 31, 2026, or about EUR 9.68 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition