El AL Israel Airlines (El AL Israel Airlines) Cash-to-Debt : 0.21 (As of Dec. 2023)

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What is El AL Israel Airlines 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. El AL Israel Airlines's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.21.

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, El AL Israel Airlines 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 El AL Israel Airlines's Cash-to-Debt or its related term are showing as below:

ELALF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.17 Max: 0.46
Current: 0.21

During the past 13 years, El AL Israel Airlines's highest Cash to Debt Ratio was 0.46. The lowest was 0.04. And the median was 0.17.

ELALF's Cash-to-Debt is ranked worse than
70.16% of 965 companies
in the Transportation industry
Industry Median: 0.49 vs ELALF: 0.21

El AL Israel Airlines Cash-to-Debt Historical Data

The historical data trend for El AL Israel Airlines'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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El AL Israel Airlines Cash-to-Debt Chart

El AL Israel Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.10

0.04

0.14

0.21

El AL Israel Airlines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.14	0.13	0.16	0.16	0.21

Competitive Comparison of El AL Israel Airlines's Cash-to-Debt

For the Airlines subindustry, El AL Israel Airlines'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.

El AL Israel Airlines's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, El AL Israel Airlines's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where El AL Israel Airlines's Cash-to-Debt falls into.

El AL Israel Airlines 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.

El AL Israel Airlines'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)
	=	405.7	/	(372.2	+	1534.6)
	=	0.21

El AL Israel Airlines'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)
	=	405.7	/	(372.2	+	1534.6)
	=	0.21

El AL Israel Airlines (OTCPK:ELALF) 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.

El AL Israel Airlines Cash-to-Debt Related Terms

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El AL Israel Airlines (El AL Israel Airlines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » El AL Israel Airlines Ltd (OTCPK:ELALF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ELAL:Israel

Address

PO Box 41, Ben Gurion Airport, Lod, ISR, 7015001

Website

http://www.elal.co.il

El AL Israel Airlines Ltd is an international airline company which provides air transportation of passengers and cargo in Israel and overseas, by means of passenger aircraft and cargo aircraft. The company's passenger aircraft mainly operate scheduled flights as well as charter flights. The group is engaged in activities related to the air transport operations, such as the sale of duty-free products, food production, and supply mainly to the company's aircraft, providing security services, ongoing maintenance services and overall maintenance services to aircraft of other airlines at Ben Gurion Airport, and managing travel agencies abroad. The reporting segments of the company are air transport on passenger aircraft, and air transport on cargo plane.