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Athens International Airport (ATH:AIA) Cash-to-Debt : 0.60 (As of Sep. 2023)


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What is Athens International Airport Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Athens International Airport's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.60.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Athens International Airport couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Athens International Airport's Cash-to-Debt or its related term are showing as below:

ATH:AIA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17   Med: 0.47   Max: 0.6
Current: 0.6

During the past 4 years, Athens International Airport's highest Cash to Debt Ratio was 0.60. The lowest was 0.17. And the median was 0.47.

ATH:AIA's Cash-to-Debt is ranked worse than
50.57% of 1675 companies
in the Construction industry
Industry Median: 0.62 vs ATH:AIA: 0.60

Athens International Airport Cash-to-Debt Historical Data

The historical data trend for Athens International Airport's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Athens International Airport Cash-to-Debt Chart

Athens International Airport Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Cash-to-Debt
0.17 0.39 0.47 0.60

Athens International Airport Quarterly Data
Dec19 Dec20 Dec21 Sep22 Dec22 Sep23
Cash-to-Debt Get a 7-Day Free Trial 0.39 0.47 N/A 0.60 0.60

Competitive Comparison of Athens International Airport's Cash-to-Debt

For the Infrastructure Operations subindustry, Athens International Airport's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Athens International Airport's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Athens International Airport's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Athens International Airport's Cash-to-Debt falls into.


Athens International Airport Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Athens International Airport's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash to Debt Ratio= Cash, Cash Equivalents, Marketable Securities / Total Debt
= Cash, Cash Equivalents, Marketable Securities / (Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation)
=561.195 / (53.759 + 889.428)
=0.59

Athens International Airport's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash to Debt Ratio= Cash, Cash Equivalents, Marketable Securities / Total Debt
= Cash, Cash Equivalents, Marketable Securities / (Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation)
=579.407 / (55.696 + 903.317)
=0.60

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Athens International Airport  (ATH:AIA) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Athens International Airport Cash-to-Debt Related Terms

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Athens International Airport (ATH:AIA) Business Description

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Athens International Airport SA is a company active in the financing, construction and operation of civil airports and related activities. As a civil airport operator, the Company manages the AIA at Spata, Greece.