Montana Aerospace AG (CHIX:AEROZ) Cash-to-Debt : 0.32 (As of Sep. 2024)

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What is Montana Aerospace AG 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. Montana Aerospace AG's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.32.

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, Montana Aerospace AG couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

CHIX:AEROz' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.27 Med: 0.54 Max: 2.92
Current: 0.32

During the past 6 years, Montana Aerospace AG's highest Cash to Debt Ratio was 2.92. The lowest was 0.27. And the median was 0.54.

CHIX:AEROz's Cash-to-Debt is ranked worse than
61.56% of 307 companies
in the Aerospace & Defense industry
Industry Median: 0.58 vs CHIX:AEROz: 0.32

Montana Aerospace AG Cash-to-Debt Historical Data

The historical data trend for Montana Aerospace AG'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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Montana Aerospace AG Cash-to-Debt Chart

Montana Aerospace AG Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.33

0.27

0.92

0.73

0.52

Montana Aerospace AG Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.56	0.52	0.37	0.30	0.32

Competitive Comparison of Montana Aerospace AG's Cash-to-Debt

For the Aerospace & Defense subindustry, Montana Aerospace AG'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.

Montana Aerospace AG's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Montana Aerospace AG's Cash-to-Debt distribution charts can be found below:

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

Montana Aerospace AG 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.

Montana Aerospace AG'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)
	=	166.08	/	(77.592	+	244.189)
	=	0.52

Montana Aerospace AG's Cash to Debt Ratio for the quarter that ended in Sep. 2024 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)
	=	109.584	/	(61.086	+	279.023)
	=	0.32

Montana Aerospace AG (CHIX:AEROz) 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.

Montana Aerospace AG Cash-to-Debt Related Terms

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Montana Aerospace AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Montana Aerospace AG (CHIX:AEROz) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0AAI:UK AERO:Switzerland

Address

Alte Aarauerstrasse 11, Reinach, CHE, 5734

Website

https://www.montana-aerospace.com

Montana Aerospace AG is a vertically integrated manufacturer and supplier of complex components, structures and customized assemblies as well as semi-finished products for specialized applications in a wide array of end markets. The company has three business segments namely aerostructures, e-mobility and energy. It has a geographic presence in Germany, the USA, the UK, Poland, Russia and Others. The company generates the majority of its revenue from the aerostructures segment, which develops and manufactures aircraft parts. The Group's product portfolio ranges from structural components for the fuselage, wings, and landing gear to critical engine components subject to high thermal and mechanical loads, and functional components for the cabin interior.

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