Finnair Oyj (Finnair Oyj) Cash-to-Debt : 0.49 (As of Mar. 2024)

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What is Finnair Oyj 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. Finnair Oyj's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.49.

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, Finnair Oyj couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

FNNNF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.31 Med: 0.61 Max: 2.05
Current: 0.49

During the past 13 years, Finnair Oyj's highest Cash to Debt Ratio was 2.05. The lowest was 0.31. And the median was 0.61.

FNNNF's Cash-to-Debt is ranked better than
50.52% of 966 companies
in the Transportation industry
Industry Median: 0.49 vs FNNNF: 0.49

Finnair Oyj Cash-to-Debt Historical Data

The historical data trend for Finnair Oyj'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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Finnair Oyj Cash-to-Debt Chart

Finnair Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.61

0.38

0.45

0.58

0.46

Finnair Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.62	0.64	0.56	0.46	0.49

Competitive Comparison of Finnair Oyj's Cash-to-Debt

For the Airlines subindustry, Finnair Oyj'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.

Finnair Oyj's Cash-to-Debt Distribution in the Transportation Industry

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

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

Finnair Oyj 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.

Finnair Oyj'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)
	=	1005.344	/	(310.142	+	1898.909)
	=	0.46

Finnair Oyj's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	1066.304	/	(362.065	+	1825.217)
	=	0.49

Finnair Oyj (OTCPK:FNNNF) 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.

Finnair Oyj Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Finnair Oyj's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Finnair Oyj (Finnair Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Finnair Oyj (OTCPK:FNNNF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0EG8:UK FIA1S:Finland FAI:Germany

Address

Tietotie 9 A Helsinki Airport, Vantaa, FIN, 01053

Website

https://company.finnair.com/en

Finnair Oyj is a Finland-based airline company that provides air transport operations and supporting services. It is engaged in delivering services for scheduled passenger and charter traffic as well as cargo sales, customer service and service concepts, flight operations, and activities connected with the procurement and financing of aircraft. The company also provides travel services which consist of travel agency operations as well as tour operations and travel sector software business operations. Its travel services provide various traveling packages to customers through its travel operators and travel agencies, also its support services include catering services, Aircraft maintenance, ground handling, and Airline training.

Finnair Oyj (Finnair Oyj) Headlines

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Q4 2023 Finnair Oyj Earnings Call Transcript

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