Air New Zealand (ASX:AIZ) Cash-to-Debt : 0.55 (As of Dec. 2023)

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What is Air New Zealand 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. Air New Zealand's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.55.

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, Air New Zealand couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:AIZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.51 Max: 0.71
Current: 0.55

During the past 13 years, Air New Zealand's highest Cash to Debt Ratio was 0.71. The lowest was 0.05. And the median was 0.51.

ASX:AIZ's Cash-to-Debt is ranked better than
53.73% of 966 companies
in the Transportation industry
Industry Median: 0.49 vs ASX:AIZ: 0.55

Air New Zealand Cash-to-Debt Historical Data

The historical data trend for Air New Zealand'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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Air New Zealand Cash-to-Debt Chart

Air New Zealand Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.41

0.12

0.08

0.53

0.67

Air New Zealand Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.05	0.53	0.63	0.67	0.55

Competitive Comparison of Air New Zealand's Cash-to-Debt

For the Airlines subindustry, Air New Zealand'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.

Air New Zealand's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Air New Zealand's Cash-to-Debt distribution charts can be found below:

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

Air New Zealand 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.

Air New Zealand's Cash to Debt Ratio for the fiscal year 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)
	=	2035.724	/	(498.19	+	2550.368)
	=	0.67

Air New Zealand'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)
	=	1552.57	/	(488.083	+	2344.66)
	=	0.55

Air New Zealand (ASX:AIZ) 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.

Air New Zealand Cash-to-Debt Related Terms

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Air New Zealand (ASX:AIZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air New Zealand Ltd (ASX:AIZ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ANZLY:USA ANZFF:USA AIR:New Zealand BZU:Germany

Address

185 Fanshawe Street, Air New Zealand House, Auckland, NTL, NZL, 1010

Website

https://www.airnewzealand.co.nz

Air New Zealand, majority owned by the New Zealand Government, provides air passenger and cargo transport services within New Zealand, as well as to and from Australia, the South-West Pacific, Asia, North America, the United Kingdom, and South America. Air New Zealand also encompasses business units providing engineering and ground handling services. Air New Zealand dominates the local market, with around 80% market share, although the majority of revenue is derived from international and trans-Tasman activity.