Malta International Airport (MAL:MIA) Cash-to-Debt : 1.08 (As of Jun. 2024)

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What is Malta International Airport 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. Malta International Airport's cash to debt ratio for the quarter that ended in Jun. 2024 was 1.08.

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, Malta International Airport could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

MAL:MIA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.37 Med: 0.73 Max: No Debt
Current: 1.08

During the past 13 years, Malta International Airport's highest Cash to Debt Ratio was No Debt. The lowest was 0.37. And the median was 0.73.

MAL:MIA's Cash-to-Debt is ranked better than
68.74% of 963 companies
in the Transportation industry
Industry Median: 0.46 vs MAL:MIA: 1.08

Malta International Airport Cash-to-Debt Historical Data

The historical data trend for Malta International Airport'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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Malta International Airport Cash-to-Debt Chart

Malta International Airport Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.63

0.58

0.61

1.27

1.41

Malta International Airport 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															0.71	1.27	1.24	1.41	1.08

Competitive Comparison of Malta International Airport's Cash-to-Debt

For the Airports & Air Services subindustry, Malta International Airport'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.

Malta International Airport's Cash-to-Debt Distribution in the Transportation Industry

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

* The bar in red indicates where Malta International Airport's Cash-to-Debt falls into.

Malta International Airport 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.

Malta International Airport'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)
	=	76.374	/	(0	+	54.374)
	=	1.40

Malta International Airport'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)
	=	58.847	/	(0	+	54.547)
	=	1.08

Malta International Airport (MAL:MIA) 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.

Malta International Airport Cash-to-Debt Related Terms

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Malta International Airport Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Malta International Airport PLC (MAL:MIA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Malta International Airport, Luqa, MLT, LQA 4000

Website

https://www.maltairport.com

Malta International Airport PLC is a Malta-based company which is involved in development, operation and management of airport facilities. The company's airport services include the operation and maintenance of terminals, taxiways, and aircraft parks. It also provides services that support the airport operations such as operating retail outlets within the airport perimeter, advertising sites, and rental of offices and warehouses. The company manages its business in the segments of Airport; Retail and Property; and Others, of which a majority of revenue is derived from the Airport segment.

Malta International Airport Headlines

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