Air Astana JSC (LSE:AIRA) Cash-to-Debt : 0.38 (As of Dec. 2023)

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What is Air Astana JSC 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. Air Astana JSC's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.38.

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, Air Astana JSC 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 Air Astana JSC's Cash-to-Debt or its related term are showing as below:

LSE:AIRA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 0.32 Max: 0.38
Current: 0.38

During the past 4 years, Air Astana JSC's highest Cash to Debt Ratio was 0.38. The lowest was 0.23. And the median was 0.32.

LSE:AIRA's Cash-to-Debt is ranked worse than
56.26% of 951 companies
in the Transportation industry
Industry Median: 0.49 vs LSE:AIRA: 0.38

Air Astana JSC Cash-to-Debt Historical Data

The historical data trend for Air Astana JSC'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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Air Astana JSC Cash-to-Debt Chart

Air Astana JSC Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.23

0.30

0.34

0.38

Air Astana JSC Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			0.30	N/A	0.34	0.45	0.38

Competitive Comparison of Air Astana JSC's Cash-to-Debt

For the Airlines subindustry, Air Astana JSC'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.

Air Astana JSC's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Air Astana JSC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Air Astana JSC's Cash-to-Debt falls into.

Air Astana JSC 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.

Air Astana JSC'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)
	=	274.769	/	(175.409	+	543.896)
	=	0.38

Air Astana JSC'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)
	=	274.769	/	(175.409	+	543.896)
	=	0.38

Air Astana JSC (LSE:AIRA) 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.

Air Astana JSC Cash-to-Debt Related Terms

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Air Astana JSC (LSE:AIRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air Astana JSC (LSE:AIRA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AIRA:Kazakhstan

Address

4A Zakarpatskaya Street, Turksib District, Almaty, KAZ, 010000

Website

https://www.airastana.com

Air Astana JSC is an airline company. It provides scheduled, point-to-point and transit, short-haul and long-haul air travel and cargo on domestic, intra-regional, and international routes across Central Asia, the Caucasus, Europe (including Turkey), the Middle East and Asia (including India and China) and has a fleet of 47 aircraft. The company group has two operating segments, Air Astana and FlyArystan. Air Astana's activities consist of mainly domestic and international passenger and cargo air transportation as a full-service brand. Fly Arystan activities consist of mainly domestic and international passenger and cargo air transportation as a low-cost brand. Maximum revenue is generated from the Air Astana segment.

Air Astana JSC (LSE:AIRA) Headlines

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