Delta Air Lines (LTS:0QZ4) Cash-to-Debt : 0.16 (As of Sep. 2024)

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What is Delta Air Lines 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. Delta Air Lines's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.16.

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, Delta Air Lines couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

LTS:0QZ4' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.29 Max: 0.52
Current: 0.16

During the past 13 years, Delta Air Lines's highest Cash to Debt Ratio was 0.52. The lowest was 0.10. And the median was 0.29.

LTS:0QZ4's Cash-to-Debt is ranked worse than
74.25% of 963 companies
in the Transportation industry
Industry Median: 0.46 vs LTS:0QZ4: 0.16

Delta Air Lines Cash-to-Debt Historical Data

The historical data trend for Delta Air Lines'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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Delta Air Lines Cash-to-Debt Chart

Delta Air Lines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.17

0.40

0.33

0.21

0.14

Delta Air Lines Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.19	0.14	0.17	0.17	0.16

Competitive Comparison of Delta Air Lines's Cash-to-Debt

For the Airlines subindustry, Delta Air Lines'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.

Delta Air Lines's Cash-to-Debt Distribution in the Transportation Industry

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

* The bar in red indicates where Delta Air Lines's Cash-to-Debt falls into.

Delta Air Lines 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.

Delta Air Lines'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)
	=	3868	/	(3742	+	23539)
	=	0.14

Delta Air Lines's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	3977	/	(4096	+	20292)
	=	0.16

Delta Air Lines (LTS:0QZ4) 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.

Delta Air Lines Cash-to-Debt Related Terms

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Delta Air Lines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Delta Air Lines Inc (LTS:0QZ4) » Definitions » Cash-to-Debt

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Address

Post Office Box 20706, Atlanta, GA, USA, 30320-6001

Website

https://www.delta.com

Atlanta-based Delta Air Lines is one of the world's largest airlines, with a network of over 300 destinations in more than 50 countries. Delta operates a hub-and-spoke network, where it gathers and distributes passengers across the globe through its biggest hubs in Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. Delta has historically earned most of its international revenue and profits from flying passengers over the Atlantic Ocean.

Delta Air Lines Headlines

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