Aviation Lease & Finance Co KSCC (KUW:ALAFCO) Cash-to-Debt : 0.08 (As of Mar. 2024)

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What is Aviation Lease & Finance Co KSCC 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. Aviation Lease & Finance Co KSCC's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.08.

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, Aviation Lease & Finance Co KSCC couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Aviation Lease & Finance Co KSCC's Cash-to-Debt or its related term are showing as below:

KUW:ALAFCO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.07 Max: 0.23
Current: 0.08

During the past 13 years, Aviation Lease & Finance Co KSCC's highest Cash to Debt Ratio was 0.23. The lowest was 0.02. And the median was 0.07.

KUW:ALAFCO's Cash-to-Debt is ranked worse than
88.26% of 1065 companies
in the Business Services industry
Industry Median: 0.97 vs KUW:ALAFCO: 0.08

Aviation Lease & Finance Co KSCC Cash-to-Debt Historical Data

The historical data trend for Aviation Lease & Finance Co KSCC'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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Aviation Lease & Finance Co KSCC Cash-to-Debt Chart

Aviation Lease & Finance Co KSCC Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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0.12

0.04

0.05

0.03

0.02

Aviation Lease & Finance Co KSCC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.07	0.07	0.02	0.07	0.08

Competitive Comparison of Aviation Lease & Finance Co KSCC's Cash-to-Debt

For the Rental & Leasing Services subindustry, Aviation Lease & Finance Co KSCC'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.

Aviation Lease & Finance Co KSCC's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Aviation Lease & Finance Co KSCC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Aviation Lease & Finance Co KSCC's Cash-to-Debt falls into.

Aviation Lease & Finance Co KSCC 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.

Aviation Lease & Finance Co KSCC's Cash to Debt Ratio for the fiscal year 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)
	=	13.105	/	(157.447	+	389.943)
	=	0.02

Aviation Lease & Finance Co KSCC's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	32.965	/	(117.663	+	289.877)
	=	0.08

Aviation Lease & Finance Co KSCC (KUW:ALAFCO) 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.

Aviation Lease & Finance Co KSCC Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Aviation Lease & Finance Co KSCC's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Aviation Lease & Finance Co KSCC (KUW:ALAFCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Aviation Lease & Finance Co KSCC (KUW:ALAFCO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abdul Aziz Hamid Al Sagar Street, Second Floor, Chamber of Commerce & Industry Building Annexe, P.O. Box 2255, Al-Qibla, Safat, Kuwait City, KWT, 13023

Website

http://www.alafco-kw.com

Aviation Lease & Finance Co KSCC is engaged in the leasing of Aircraft. The company is engaged in the business of aircraft leasing and providing asset management, marketing, and consultancy services to aviation-related businesses in line with the Islamic Shariah principles. The company's offering includes Operating Lease, Sale and Leaseback, and Aircraft Lease Management. Its geographical segments include the Middle East, Asia, Europe, America, and Africa., out of which it generates maximum revenue from Middle East region.

Aviation Lease & Finance Co KSCC (KUW:ALAFCO) Headlines

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