Korean Air Lines Co (XKRX:003490) Cash-to-Debt : 0.56 (As of Dec. 2023)

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What is Korean Air Lines Co 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. Korean Air Lines Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.56.

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, Korean Air Lines Co 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 Korean Air Lines Co's Cash-to-Debt or its related term are showing as below:

XKRX:003490' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.1 Max: 0.56
Current: 0.56

During the past 13 years, Korean Air Lines Co's highest Cash to Debt Ratio was 0.56. The lowest was 0.07. And the median was 0.10.

XKRX:003490's Cash-to-Debt is ranked better than
54.81% of 967 companies
in the Transportation industry
Industry Median: 0.49 vs XKRX:003490: 0.56

Korean Air Lines Co Cash-to-Debt Historical Data

The historical data trend for Korean Air Lines Co'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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Korean Air Lines Co Cash-to-Debt Chart

Korean Air Lines Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.09

0.12

0.33

0.54

0.56

Korean Air Lines Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.54	0.57	0.60	0.59	0.56

Competitive Comparison of Korean Air Lines Co's Cash-to-Debt

For the Airlines subindustry, Korean Air Lines Co'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.

Korean Air Lines Co's Cash-to-Debt Distribution in the Transportation Industry

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

* The bar in red indicates where Korean Air Lines Co's Cash-to-Debt falls into.

Korean Air Lines Co 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.

Korean Air Lines Co'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)
	=	6177412.502	/	(3739371.324	+	7207495.87)
	=	0.56

Korean Air Lines Co'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)
	=	6177412.502	/	(3739371.324	+	7207495.87)
	=	0.56

Korean Air Lines Co (XKRX:003490) 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.

Korean Air Lines Co Cash-to-Debt Related Terms

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Korean Air Lines Co (XKRX:003490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Korean Air Lines Co Ltd (XKRX:003490) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

003495:Korea

Address

260 Haneul-gil, Gangseo-gu, Seoul, KOR

Website

http://www.koreanair.com

Korean Air Lines Co Ltd is an airline operator with a global reach. The company has four operating segments: Air transport (majority of total revenues), Aerospace (maintenance and repairs), In-flight meals, and Hotel/limousine and others. Passenger tickets can be bought on the company's website or at the airport counter. Multiple options related to passenger class or cabin experience, baggage fees, and other services are offered to customers. Revenues derived from Republic of Korea account for approximately one-fourth of total revenues, with the remainder coming from international operations. The company has created an alliance with global carriers to help connect flights, and give passengers better options to travel.

Korean Air Lines Co (XKRX:003490) Headlines

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