International Consolidated Airlines Group (International Consolidated Airlines Group) Cash-to-Debt

: 0.61 (As of Jun. 2023)

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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. International Consolidated Airlines Group's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.61.

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, International Consolidated Airlines Group couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

ICAGY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.38 Med: 0.58 Max: 0.91
Current: 0.42

During the past 13 years, International Consolidated Airlines Group's highest Cash to Debt Ratio was 0.91. The lowest was 0.38. And the median was 0.58.

ICAGY's Cash-to-Debt is ranked worse than
54.55% of 968 companies
in the Transportation industry
Industry Median: 0.49 vs ICAGY: 0.42

International Consolidated Airlines Group Cash-to-Debt Historical Data

The historical data trend for International Consolidated Airlines 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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International Consolidated Airlines Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.47

0.38

0.40

0.48

0.42

International Consolidated Airlines Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Cash-to-Debt																N/A	0.48	N/A	0.61	0.42

Competitive Comparison

For the Airlines subindustry, International Consolidated Airlines 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.

International Consolidated Airlines Group Cash-to-Debt Distribution

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

* The bar in red indicates where International Consolidated Airlines Group's Cash-to-Debt falls into.

International Consolidated Airlines 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.

International Consolidated Airlines Group'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)
	=	7422.028	/	(2454.744	+	15082.879)
	=	0.42

International Consolidated Airlines Group's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	13011.918	/	(3617.551	+	17642.47)
	=	0.61

International Consolidated Airlines Group (OTCPK:ICAGY) 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.

International Consolidated Airlines Group Cash-to-Debt Related Terms

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International Consolidated Airlines Group (International Consolidated Airlines Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » International Consolidated Airlines Group SA (OTCPK:ICAGY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BABWF:USA 1IAG:Italy IAGl:UK 0A2L:UK IAG:UK IAG:Spain INR:Germany IAG:Austria

Address

El Caserio, Iberia Zona Industrial No. 2, Camino de La Munoza, s/n, Madrid, ESP, 28042

Website

https://www.iairgroup.com

International Consolidated Airlines Group SA is a European airline group flying under the British Airways, Iberia, Aer Lingus, and Vueling brands. The company carried 264 million passengers to its network of 185 destinations globally. The group's main airport hubs are London Heathrow, London Gatwick, Madrid, Barcelona, and Dublin. Geographically, it derives a majority of its revenue from the United Kingdom.

International Consolidated Airlines Group (International Consolidated Airlines Group) Headlines

From GuruFocus

UK Value: International Consolidated Airlines

By The City Letter • 10-25-2021