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Cathay Pacific AirwaysCPCAF 81 Cash-to-Debt is 0.26 as of Jun. 2026, which is 18% above its 10-year median of 0.22. GuruFocus rates CPCAF with a GF Score™ of 81/100 and a GF Value™ of $1.67 (Fairly Valued). The stock has 5 warning signs investors should review. Among 998 Transportation companies, Cathay Pacific Airways ranks worse than 64.33% 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. Cathay Pacific Airways's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.26.
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, Cathay Pacific Airwayscouldn'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 Cathay Pacific Airways's Cash-to-Debt or its related term are showing as below:
CPCAF'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.22 Max: 0.35
Current: 0.26
During the past 13 years, Cathay Pacific Airways's highest Cash to Debt Ratio was 0.35. The lowest was 0.07. And the median was 0.22.
CPCAF's Cash-to-Debt is ranked worse than 64.33% of 998
companies
in the Transportation industry
Industry Median: 0.47
vs CPCAF: 0.26
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.
Cathay Pacific Airways Cash-to-Debt Related Terms
Cathay Pacific Airways Cash-to-Debt Historical Data
* 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, Cathay Pacific Airways'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.
Cathay Pacific Airways Cash-to-Debt vs Transportation Industry
For the Transportation industry and Industrials sector, Cathay Pacific Airways's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Cathay Pacific Airways'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.
Cathay Pacific Airways (CPCAF) has a Cash-to-Debt of 0.26 as of Jun. 2026. This is 18% above median its historical median of 0.22. Over the past decade, Cathay Pacific Airways' Cash-to-Debt has ranged from 0.07 to 0.35. According to the industry distribution chart, Cathay Pacific Airways ranks #642 out of 998 companies in the Transportation industry, placing it in the top 64.3%.
Is Cathay Pacific Airways' Cash-to-Debt too high?
Cathay Pacific Airways' current Cash-to-Debt of 0.26 is 18% above median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 0.35. The Transportation industry median Cash-to-Debt is 0.47. Cathay Pacific Airways' value of 0.26 is 44.7% below this industry median. Based on the distribution chart, Cathay Pacific Airways ranks #642 out of 998 companies in the Transportation industry, which is below the industry midpoint. Overall, Cathay Pacific Airways has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cathay Pacific Airways' Cash-to-Debt compare to DAL and UAL?
According to the Transportation industry distribution chart, Cathay Pacific Airways ranks #642 out of 998 companies for Cash-to-Debt. This places Cathay Pacific Airways in the lower half of its industry. The industry median Cash-to-Debt is 0.47. Cathay Pacific Airways' value of 0.26 is 44.7% below this benchmark. Historically, Cathay Pacific Airways' own Cash-to-Debt has ranged from 0.07 to 0.35 over the past decade. While the company's 10-year median is 0.22 vs. the industry median of 0.47, Cathay Pacific Airways 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 0.47, based on 998 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. Cathay Pacific Airways's current Cash-to-Debt of 0.26 is 44.7% 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 0.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cathay Pacific Airways's current Cash-to-Debt is 0.26, which is 18% above median its own 10-year median of 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cathay Pacific Airways stock overvalued right now?
Based on GuruFocus' analysis, Cathay Pacific Airways (CPCAF) is currently considered Fairly Valued. The stock's GF Value™ is $1.67, compared to a current price of $1.65 — trading 1.2% below its estimated fair value. The current Cash-to-Debt is 0.26, which is 18% above median its 10-year median of 0.22 and 44.7% below the Transportation industry median of 0.47. Cathay Pacific Airways' overall GF Score™ is 81/100 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 Cathay Pacific Airways (CPCAF), the current Cash-to-Debt is 0.26 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 Cathay Pacific Airways (CPCAF) Overvalued in 2026?
Based on GuruFocus' analysis, Cathay Pacific Airways stock appears to be undervalued.
The current stock price of $1.65 is trading 1.2% below its estimated GF Value™ of $1.67.
GuruFocus considers Cathay Pacific Airways to be Fairly Valued.
Key valuation signals for CPCAF:
Cash-to-Debt: 0.26 (18% above median its 10-year median of 0.22)
GF Value™: $1.67 vs. price of $1.65 (1.2% below fair value)
Industry Position: 44.7% below the Transportation median (#642 of 998)
No single metric tells the full story. See the CPCAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cathay Pacific is Hong Kong's largest airline group, operating a fleet of 237 aircraft as of December 2025 and serving over 100 destinations globally. As of March 2026, its largest shareholders remain Swire Pacific and Air China, with stakes of 45% and 29%, respectively. The group operates the full-service carrier Cathay Pacific, low-cost carrier HK Express, and cargo operator Air Hong Kong.
81GF Score
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