AIREA (AQSE:AIEA.GB) Cash-to-Debt : 2.47 (As of Dec. 2023)

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What is AIREA 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. AIREA's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.47.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, AIREA could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

AQSE:AIEA.GB' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.48 Med: 2.74 Max: No Debt
Current: 2.47

During the past 13 years, AIREA's highest Cash to Debt Ratio was No Debt. The lowest was 1.48. And the median was 2.74.

AQSE:AIEA.GB's Cash-to-Debt is ranked better than
75% of 1032 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs AQSE:AIEA.GB: 2.47

AIREA Cash-to-Debt Historical Data

The historical data trend for AIREA'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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AIREA Cash-to-Debt Chart

AIREA Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.53

1.58

1.48

1.97

2.47

AIREA Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.48	1.66	1.97	1.97	2.47

Competitive Comparison of AIREA's Cash-to-Debt

For the Textile Manufacturing subindustry, AIREA'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.

AIREA's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, AIREA's Cash-to-Debt distribution charts can be found below:

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

AIREA 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.

AIREA'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)
	=	5.758	/	(0.922	+	1.406)
	=	2.47

AIREA's Cash to Debt Ratio for the quarter 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)
	=	5.758	/	(0.922	+	1.406)
	=	2.47

AIREA (AQSE:AIEA.GB) 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.

AIREA Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of AIREA's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

AIREA (AQSE:AIEA.GB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » AIREA PLC (AQSE:AIEA.GB) » Definitions » Cash-to-Debt

Traded in Other Exchanges

AIEA:UK

Address

Victoria Mills, The Green, Ossett, West Yorkshire, GBR, WF5 0AN

Website

https://www.aireaplc.com

AIREA PLC is a UK based specialist flooring company. It focuses on manufacturing, marketing and distribution of floor coverings. Its product portfolio includes contract carpets, carpet tiles, tufted carpet, and floor coverings. It markets under brand name of Burmatex. It also offers standard carpet ranges through retail outlets and a range of spanning fiber bonded and tufted carpet in sheet and tile. The company aims at meetings architects, contractors for the education, leisure, commercial and healthcare sector requirements across the United Kingdom, Republic of Ireland and North America.

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