Corporacion America Airports (Corporacion America Airports) Cash-to-Debt : 0.33 (As of Dec. 2023)

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What is Corporacion America Airports 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. Corporacion America Airports's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.33.

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, Corporacion America Airports 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 Corporacion America Airports's Cash-to-Debt or its related term are showing as below:

CAAP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 0.27 Max: 0.4
Current: 0.33

During the past 10 years, Corporacion America Airports's highest Cash to Debt Ratio was 0.40. The lowest was 0.18. And the median was 0.27.

CAAP's Cash-to-Debt is ranked worse than
60.77% of 966 companies
in the Transportation industry
Industry Median: 0.49 vs CAAP: 0.33

Corporacion America Airports Cash-to-Debt Historical Data

The historical data trend for Corporacion America Airports'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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Corporacion America Airports Cash-to-Debt Chart

Corporacion America Airports Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.18

0.26

0.31

0.33

Corporacion America Airports 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															0.31	0.31	0.35	0.39	0.33

Competitive Comparison of Corporacion America Airports's Cash-to-Debt

For the Airports & Air Services subindustry, Corporacion America Airports'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.

Corporacion America Airports's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Corporacion America Airports's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Corporacion America Airports's Cash-to-Debt falls into.

Corporacion America Airports 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.

Corporacion America Airports'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)
	=	448.216	/	(203.375	+	1143.843)
	=	0.33

Corporacion America Airports'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)
	=	448.216	/	(203.375	+	1143.843)
	=	0.33

Corporacion America Airports (NYSE:CAAP) 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.

Corporacion America Airports Cash-to-Debt Related Terms

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Corporacion America Airports (Corporacion America Airports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Corporacion America Airports SA (NYSE:CAAP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

128, Boulevard de la Petrusse, Grand Duchy of Luxembourg, Luxembourg, LUX, L-2330

Website

https://www.caap.aero

Corporacion America Airports SA acquires, develops and operates airport concessions. Its operating segments are geographically divided into Argentina, Italy, Brazil, Uruguay, Ecuador and Armenia. The company generates a majority of its revenue from the Argentina segment. The firm's revenue is categorized into Aeronautical Revenue, Non-Aeronautical Revenue, Commercial Revenue, Construction Service Revenue, and Other Revenue.