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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Alaska Air GroupALK +1.55%77 Cash-to-Debt is 0.35 as of Jun. 2026, which is 44% below its 10-year median of 0.63. GuruFocus rates ALK with a GF Score™ of 77/100 and a GF Value™ of $63.86 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,002 Transportation companies, Alaska Air Group ranks worse than 58.08% on this metric.
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. Alaska Air Group's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.35.
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, Alaska Air Groupcouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Alaska Air Group's Cash-to-Debt or its related term are showing as below:
ALK'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.27 Med: 0.63 Max: 1.51
Current: 0.35
During the past 13 years, Alaska Air Group's highest Cash to Debt Ratio was 1.51. The lowest was 0.27. And the median was 0.63.
ALK's Cash-to-Debt is ranked worse than 58.08% of 1002
companies
in the Transportation industry
Industry Median: 0.49
vs ALK: 0.35
Alaska Air Group (NYSE:ALK) 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.
Alaska Air Group Cash-to-Debt Related Terms
Alaska Air Group Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Alaska 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.
For the Airlines subindustry, Alaska 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.
Alaska Air Group Cash-to-Debt vs Transportation Industry
For the Transportation industry and Industrials sector, Alaska Air Group's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Alaska Air Group's Cash-to-Debt falls into.
* 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.
Alaska Air Group (ALK) has a Cash-to-Debt of 0.35 as of Jun. 2026. This is 44% below median its historical median of 0.63. Over the past decade, Alaska Air Group's Cash-to-Debt has ranged from 0.27 to 1.51. According to the industry distribution chart, Alaska Air Group ranks #582 out of 1002 companies in the Transportation industry, placing it in the top 58.1%.
Is Alaska Air Group's Cash-to-Debt too high?
Alaska Air Group's current Cash-to-Debt of 0.35 is 44% below median its 10-year median of 0.63. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 1.51. The Transportation industry median Cash-to-Debt is 0.49. Alaska Air Group's value of 0.35 is 28.6% below this industry median. Based on the distribution chart, Alaska Air Group ranks #582 out of 1002 companies in the Transportation industry, which is below the industry midpoint. Overall, Alaska Air Group has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Alaska Air Group's Cash-to-Debt compare to CPA and SKYW?
According to the Transportation industry distribution chart, Alaska Air Group ranks #582 out of 1002 companies for Cash-to-Debt. This places Alaska Air Group in the lower half of its industry. The industry median Cash-to-Debt is 0.49. Alaska Air Group's value of 0.35 is 28.6% below this benchmark. Historically, Alaska Air Group's own Cash-to-Debt has ranged from 0.27 to 1.51 over the past decade. While the company's 10-year median is 0.63 vs. the industry median of 0.49, Alaska Air Group has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Transportation company?
The median Cash-to-Debt among Transportation companies is 0.49, based on 1,002 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Alaska Air Group's current Cash-to-Debt of 0.35 is 28.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Transportation industry, the median Cash-to-Debt is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alaska Air Group's current Cash-to-Debt is 0.35, which is 44% below median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alaska Air Group stock overvalued right now?
Based on GuruFocus' analysis, Alaska Air Group (ALK) is currently considered Possible Value Trap. The stock's GF Value™ is $63.86, compared to a current price of $42.04 — trading 34.2% below its estimated fair value. The current Cash-to-Debt is 0.35, which is 44% below median its 10-year median of 0.63 and 28.6% below the Transportation industry median of 0.49. Alaska Air Group's overall GF Score™ is 77/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Alaska Air Group (ALK), the current Cash-to-Debt is 0.35 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Alaska Air Group (ALK) Overvalued in 2026?
Based on GuruFocus' analysis, Alaska Air Group stock appears to be undervalued.
The current stock price of $42.04 is trading 34.2% below its estimated GF Value™ of $63.86.
GuruFocus considers Alaska Air Group to be Possible Value Trap.
Key valuation signals for ALK:
Cash-to-Debt: 0.35 (44% below median its 10-year median of 0.63)
GF Value™: $63.86 vs. price of $42.04 (34.2% below fair value)
Industry Position: 28.6% below the Transportation median (#582 of 1002)
No single metric tells the full story. See the ALK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alaska Air Group Inc operates two airlines, Alaska and Horizon, in three operating segments. The Alaska Airlines segment includes scheduled air transportation on Alaska's Boeing and Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Mexico and Costa Rica. The Regional segment includes Horizon's and other third-party carriers' scheduled air transportation for passengers across a shorter distance network within the U.S. and Canada under capacity purchase agreements. The Hawaiian Airlines segment includes scheduled air transportation on Hawaiian's Boeing and Airbus aircraft for passengers and cargo. It earns revenues from Passenger tickets, including ticket breakage and net of taxes and fees, Passenger ancillary, and Mileage Plan passenger revenue.
77GF Score
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