Qantas Airways (ASX:QAN) Debt-to-Equity : 52.77 (As of Dec. 2023)

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What is Qantas Airways Debt-to-Equity?

Qantas Airways's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$661 Mil. Qantas Airways's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$5,460 Mil. Qantas Airways's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$116 Mil. Qantas Airways's debt to equity for the quarter that ended in Dec. 2023 was 52.77.

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 Qantas Airways's Debt-to-Equity or its related term are showing as below:

ASX:QAN' s Debt-to-Equity Range Over the Past 10 Years
Min: -36.71 Med: 1.96 Max: 1345.2
Current: 52.77

During the past 13 years, the highest Debt-to-Equity Ratio of Qantas Airways was 1345.20. The lowest was -36.71. And the median was 1.96.

ASX:QAN's Debt-to-Equity is ranked worse than
99.55% of 882 companies
in the Transportation industry
Industry Median: 0.56 vs ASX:QAN: 52.77

Qantas Airways Debt-to-Equity Historical Data

The historical data trend for Qantas Airways'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.

Qantas Airways Debt-to-Equity Chart

Qantas Airways Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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1.52

5.60

16.04

-36.71

1,345.20

Qantas Airways Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															697.42	-36.71	599.91	1,345.20	52.77

Competitive Comparison of Qantas Airways's Debt-to-Equity

For the Airlines subindustry, Qantas Airways'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.

Qantas Airways's Debt-to-Equity Distribution in the Transportation Industry

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

* The bar in red indicates where Qantas Airways's Debt-to-Equity falls into.

Qantas Airways Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Qantas Airways's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(1380	+	5346)	/	5
	=	1,345.20

Qantas Airways'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
	=	(661	+	5460)	/	116
	=	52.77

Qantas Airways (ASX:QAN) 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.

Qantas Airways Debt-to-Equity Related Terms

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Qantas Airways (ASX:QAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Qantas Airways Ltd (ASX:QAN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

QUBSF:USA QABSY:USA QAN:Germany

Address

10 Bourke Road, Mascot, Sydney, NSW, AUS, 2020

Website

https://www.qantas.com

Qantas Airways is Australia's largest domestic airline with typically a two thirds market share, effectively competing in a duopoly with Virgin. The company operates a multibrand strategy, with low-cost carrier Jetstar complementing the full-service Qantas brand. Its frequent-flyer loyalty program continues to expand with new partnerships, which are integral to retaining customer loyalty for its core airline business.

Qantas Airways (ASX:QAN) Headlines

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