Mesa Air Group (Mesa Air Group) Cash-to-Debt : 0.06 (As of Sep. 2023)

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What is Mesa Air Group 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. Mesa Air Group's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.06.

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, Mesa Air Group couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Mesa Air Group's Cash-to-Debt or its related term are showing as below:

MESA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.09 Max: 0.17
Current: 0.06

During the past 13 years, Mesa Air Group's highest Cash to Debt Ratio was 0.17. The lowest was 0.04. And the median was 0.09.

MESA's Cash-to-Debt is ranked worse than
91.3% of 966 companies
in the Transportation industry
Industry Median: 0.49 vs MESA: 0.06

Mesa Air Group Cash-to-Debt Historical Data

The historical data trend for Mesa Air Group'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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Mesa Air Group Cash-to-Debt Chart

Mesa Air Group Annual Data

Trend

Sep07

Sep08

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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0.08

0.12

0.17

0.09

0.06

Mesa Air Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.09	0.08	0.08	0.08	0.06

Competitive Comparison of Mesa Air Group's Cash-to-Debt

For the Airlines subindustry, Mesa Air Group'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.

Mesa Air Group's Cash-to-Debt Distribution in the Transportation Industry

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

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

Mesa Air Group 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.

Mesa Air Group'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)
	=	32.94	/	(167.157	+	373.855)
	=	0.06

Mesa Air Group's Cash to Debt Ratio for the quarter 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)
	=	32.94	/	(167.157	+	373.855)
	=	0.06

Mesa Air Group (NAS:MESA) 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.

Mesa Air Group Cash-to-Debt Related Terms

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Mesa Air Group (Mesa Air Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Mesa Air Group Inc (NAS:MESA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

M2A:Germany

Address

410 North 44th Street, Suite 700, Phoenix, AZ, USA, 85008

Website

https://www.mesa-air.com

Mesa Air Group Inc is a regional air carrier providing scheduled passenger service. It provides scheduled passenger service to 129 cities in the District of Columbia, the Bahamas, and Mexico, as well as cargo services out of Cincinnati/Northern Kentucky International Airport. Flights are operated as American Eagle, United Express, or DHL Express flights to the terms of capacity purchase agreements with American and United and a flight services agreement with DHL. The business has a presence in domestic hubs and cities, including Dallas, Houston, Phoenix, and Washington-Dulles.

Executives

Jonathan Ireland	director	410 NORTH 44TH STREET, SUITE 700, PHOENIX AZ 85008
Daniel Jerome Mchugh	director	410 N 44TH ST STE 700, PHOENIX AZ 85008
Daniel Torque Zubeck	officer: CFO & Treasurer	16832 12TH AVE SW, NORMANDY WA 98166
Jonathan G Ornstein	director, officer: Chairman & CEO	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Mitchell I Gordon	director	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVENUE, 8TH FL - SUITE 8133, NEW YORK NY 10022
Brian S Gillman	officer: General Counsel	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Spyridon Skiados	director	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Harvey W Schiller	director	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Michael Lotz	officer: President and COO	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Ellen N. Artist	director	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Dana J Lockhart	director	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Bradford R Rich	officer: EVP & Chief Operating Officer	MESA AIR GROUP, 410 NORTH 44TH STREET, PHOENIX AZ 85008
Michael L Ferverda	officer: President, Freedom Airlines	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
G Grant Lyon	director	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Daniel Joseph Altobello	director	6550 ROCK SPRING DR, SUITE 550, BETHESDA MD 20817