China Aircraft Leasing Group Holdings (HKSE:01848) Cash-to-Debt : 0.11 (As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is China Aircraft Leasing Group Holdings 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. China Aircraft Leasing Group Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.11.

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, China Aircraft Leasing Group Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for China Aircraft Leasing Group Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:01848' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.12 Max: 0.23
Current: 0.11

During the past 11 years, China Aircraft Leasing Group Holdings's highest Cash to Debt Ratio was 0.23. The lowest was 0.07. And the median was 0.12.

HKSE:01848's Cash-to-Debt is ranked worse than
85.49% of 1061 companies
in the Business Services industry
Industry Median: 1.01 vs HKSE:01848: 0.11

China Aircraft Leasing Group Holdings Cash-to-Debt Historical Data

The historical data trend for China Aircraft Leasing Group Holdings'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.

* Premium members only.

China Aircraft Leasing Group Holdings Cash-to-Debt Chart

China Aircraft Leasing Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.12

0.13

0.12

0.08

0.11

China Aircraft Leasing Group Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.12	0.10	0.08	0.10	0.11

Competitive Comparison of China Aircraft Leasing Group Holdings's Cash-to-Debt

For the Rental & Leasing Services subindustry, China Aircraft Leasing Group Holdings'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.

China Aircraft Leasing Group Holdings's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, China Aircraft Leasing Group Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where China Aircraft Leasing Group Holdings's Cash-to-Debt falls into.

China Aircraft Leasing Group Holdings 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.

China Aircraft Leasing Group Holdings's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	5295.875	/	(0	+	50524.595)
	=	0.10

China Aircraft Leasing Group Holdings's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	5295.875	/	(0	+	50524.595)
	=	0.10

China Aircraft Leasing Group Holdings (HKSE:01848) 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.

China Aircraft Leasing Group Holdings Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of China Aircraft Leasing Group Holdings's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

China Aircraft Leasing Group Holdings (HKSE:01848) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Aircraft Leasing Group Holdings Ltd (HKSE:01848) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CFRLF:USA

Address

16 Harcourt Road, 32nd Floor, Far East Finance Centre, Admiralty, Hong Kong, HKG

Website

https://www.calc.com.hk

China Aircraft Leasing Group Holdings Ltd is one of the largest independent aircraft lessors in China. The company delivers multiple types of leases and customizes deals to customer preferences. It has diversified financing channels in onshore and offshore banks, insurance companies, capital and debt markets, and export credit agencies. In addition to providing aircraft leases, the company offers customers lifecycle solutions, including fleet planning, aircraft resales, and aircraft disassembles. China Aircraft Leasing has multiple offices located in Asia and Europe. It works with Chinese and Asian airlines, regional operators, and other international air transportation companies.

China Aircraft Leasing Group Holdings (HKSE:01848) Headlines

No Headlines