XTI Aerospace (FRA:S80) Cash-to-Debt : 1.15 (As of Mar. 2024)

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What is XTI Aerospace 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. XTI Aerospace's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.15.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, XTI Aerospace could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

FRA:S80' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.69 Med: 0.71 Max: 0.97
Current: 0.69

During the past 3 years, XTI Aerospace's highest Cash to Debt Ratio was 0.97. The lowest was 0.69. And the median was 0.71.

FRA:S80's Cash-to-Debt is ranked worse than
50.34% of 294 companies
in the Aerospace & Defense industry
Industry Median: 0.705 vs FRA:S80: 0.69

XTI Aerospace Cash-to-Debt Historical Data

The historical data trend for XTI Aerospace'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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XTI Aerospace Cash-to-Debt Chart

XTI Aerospace Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.97

0.71

0.69

XTI Aerospace Quarterly Data
	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial			0.71	0.06	0.01	0.69	1.15

Competitive Comparison of XTI Aerospace's Cash-to-Debt

For the Aerospace & Defense subindustry, XTI Aerospace'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.

XTI Aerospace's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, XTI Aerospace's Cash-to-Debt distribution charts can be found below:

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

XTI Aerospace 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.

XTI Aerospace'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)
	=	5.735	/	(8.197	+	0.129)
	=	0.69

XTI Aerospace'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)
	=	1.657	/	(1.009	+	0.431)
	=	1.15

XTI Aerospace (FRA:S80) 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.

XTI Aerospace Cash-to-Debt Related Terms

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XTI Aerospace (FRA:S80) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » XTI Aerospace Inc (FRA:S80) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

XTIA:USA

Address

7625 South Peoria Street, Suite D11, Englewood, CO, USA, 80112

Website

https://www.xtiaircraft.com

XTI Aerospace Inc is a development-stage aircraft manufacturer. XTI is developing a vertical takeoff and landing (VTOL) aircraft, the TriFan 600, which is a design-stage six-passenger aircraft that it anticipates will provide point-to-point air travel over distances of up to 700 miles while significantly reducing carbon emissions per mile compared to today's gasoline-powered jet aircraft and helicopters. The TriFan 600 is expected to have a wide usage ranging from private and commercial aviation services for businesses and high-net-worth individuals to emergency medical services (EMS).

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