CPCAF (Cathay Pacific Airways) Cash-to-Debt : 0.28 (As of Jun. 2024)

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What is Cathay Pacific Airways 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. Cathay Pacific Airways's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.28.

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 Airways couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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: 0.24 Max: 0.35
Current: 0.28

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 0.24.

CPCAF's Cash-to-Debt is ranked worse than
63.1% of 962 companies
in the Transportation industry
Industry Median: 0.455 vs CPCAF: 0.28

Cathay Pacific Airways Cash-to-Debt Historical Data

The historical data trend for Cathay Pacific Airways'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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Cathay Pacific Airways Cash-to-Debt Chart

Cathay Pacific Airways Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.15

0.21

0.22

0.24

0.23

Cathay Pacific Airways Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.21	0.24	0.35	0.23	0.28

Competitive Comparison of Cathay Pacific Airways's Cash-to-Debt

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's Cash-to-Debt Distribution in the 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.

Cathay Pacific Airways 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.

Cathay Pacific Airways'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)
	=	1988.527	/	(1347.41	+	7397.244)
	=	0.23

Cathay Pacific Airways's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	2412.164	/	(1522.407	+	7032.01)
	=	0.28

Cathay Pacific Airways (OTCPK:CPCAF) 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.

Cathay Pacific Airways Cash-to-Debt Related Terms

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Cathay Pacific Airways Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Cathay Pacific Airways Ltd (OTCPK:CPCAF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CPCAY:USA 00293:Hong Kong CTYA:Germany CTYA:Germany CTY:Germany

Address

88 Queensway, 33rd Floor, One Pacific Place, Hong Kong, HKG

Website

https://www.cathaypacific.com

Cathay Pacific is the largest airline group in Hong Kong. It operated a fleet of 231 aircraft and flies to over 80 destinations as of June 2024. Cathay carried more than 35 million passengers in prepandemic 2019. The group operates the full-service airline Cathay Pacific and the low-cost carrier HK Express. It also runs the cargo carrier Air Hong Kong.