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Air Astana JSC (LSE:AIRA) Debt-to-Equity : 3.37 (As of Dec. 2023)


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What is Air Astana JSC Debt-to-Equity?

Air Astana JSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $175.4 Mil. Air Astana JSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $543.9 Mil. Air Astana JSC's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $213.4 Mil. Air Astana JSC's debt to equity for the quarter that ended in Dec. 2023 was 3.37.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Air Astana JSC's Debt-to-Equity or its related term are showing as below:

LSE:AIRA' s Debt-to-Equity Range Over the Past 10 Years
Min: 3.37   Med: 8.61   Max: 47.19
Current: 3.37

During the past 4 years, the highest Debt-to-Equity Ratio of Air Astana JSC was 47.19. The lowest was 3.37. And the median was 8.61.

LSE:AIRA's Debt-to-Equity is ranked worse than
93.77% of 883 companies
in the Transportation industry
Industry Median: 0.56 vs LSE:AIRA: 3.37

Air Astana JSC Debt-to-Equity Historical Data

The historical data trend for Air Astana JSC's Debt-to-Equity 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.

* Premium members only.

Air Astana JSC Debt-to-Equity Chart

Air Astana JSC Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
47.19 12.34 4.89 3.37

Air Astana JSC Quarterly Data
Dec20 Dec21 Sep22 Dec22 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial 12.34 N/A 4.89 3.24 3.37

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

For the Airlines subindustry, Air Astana JSC's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Transportation Industry

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

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


Air Astana JSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Air Astana JSC's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(175.409 + 543.896) / 213.359
=3.37

Air Astana JSC's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(175.409 + 543.896) / 213.359
=3.37

* 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.

Air Astana JSC  (LSE:AIRA) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Air Astana JSC Debt-to-Equity Related Terms

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Air Astana JSC (LSE:AIRA) Business Description

Industry
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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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