CHRRF (Chorus Aviation) Cash-to-Debt : 0.43 (As of Dec. 2024)

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What is Chorus Aviation 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. Chorus Aviation's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.43.

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, Chorus Aviation couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

CHRRF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.06 Max: 0.43
Current: 0.43

During the past 13 years, Chorus Aviation's highest Cash to Debt Ratio was 0.43. The lowest was 0.03. And the median was 0.06.

CHRRF's Cash-to-Debt is ranked worse than
52.75% of 982 companies
in the Transportation industry
Industry Median: 0.48 vs CHRRF: 0.43

Chorus Aviation Cash-to-Debt Historical Data

The historical data trend for Chorus Aviation'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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Chorus Aviation Cash-to-Debt Chart

Chorus Aviation Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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0.08

0.07

0.05

0.43

Chorus Aviation Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.05	0.05	0.04	0.04	0.43

Competitive Comparison of Chorus Aviation's Cash-to-Debt

For the Airports & Air Services subindustry, Chorus Aviation'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.

Chorus Aviation's Cash-to-Debt Distribution in the Transportation Industry

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

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

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Chorus Aviation 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.

Chorus Aviation's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	155.974	/	(164.068	+	198.379)
	=	0.43

Chorus Aviation's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	155.974	/	(164.068	+	198.379)
	=	0.43

Chorus Aviation (OTCPK:CHRRF) 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.

Chorus Aviation Cash-to-Debt Related Terms

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Chorus Aviation Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chorus Aviation Inc (OTCPK:CHRRF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

1H00:Germany CHR:Canada

Address

3 Spectacle Lake Drive, Suite 380, Dartmouth, NS, CAN, B3B 1W8

Website

https://www.chorusaviation.com

Chorus Aviation Inc is a Canadian holding company. It aims to deliver regional aviation to the world through its businesses. It specializes in contract flying, maintenance, repair and overhaul, and aircraft leasing solutions. The company operates in two segments namely, the Regional Aviation Services segment includes contract flying, charter operations and maintenance, repair, and overhaul services that are carried on by both Jazz and Voyageur, and the Regional Aircraft Leasing segment leases aircraft to third parties through its wholly-owned subsidiary Chorus Aviation Capital Corp. It generates maximum revenue from the Regional Aviation Services segment.