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Virgin Galactic HoldingsSPCE -2.00%66 Cash-to-Debt is 1.16 as of Jun. 2026, which is 46% below its 10-year median of 2.14. GuruFocus rates SPCE with a GF Score™ of 66/100 and a GF Value™ of $1.84 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 354 Aerospace & Defense companies, Virgin Galactic Holdings ranks better than 53.11% on this metric.
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. Virgin Galactic Holdings's cash to debt ratio for the quarter that ended in Jun. 2026 was 1.16.
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, Virgin Galactic Holdingscould pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Virgin Galactic Holdings's Cash-to-Debt or its related term are showing as below:
SPCE'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 2.14 Max: No Debt
Current: 1.16
During the past 9 years, Virgin Galactic Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 2.14.
SPCE's Cash-to-Debt is ranked better than 53.11% of 354
companies
in the Aerospace & Defense industry
Industry Median: 0.99
vs SPCE: 1.16
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.
Virgin Galactic Holdings Cash-to-Debt Related Terms
Virgin Galactic Holdings Cash-to-Debt Historical Data
* 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.
For the Aerospace & Defense subindustry, Virgin Galactic Holdings'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.
Virgin Galactic Holdings Cash-to-Debt vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Virgin Galactic Holdings's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Virgin Galactic Holdings's Cash-to-Debt falls into.
* 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.
Virgin Galactic Holdings (SPCE) has a Cash-to-Debt of 1.16 as of Jun. 2026. This is 46% below median its historical median of 2.14. Over the past decade, Virgin Galactic Holdings' Cash-to-Debt has ranged from 0.03 to 10,000.00. According to the industry distribution chart, Virgin Galactic Holdings ranks #166 out of 354 companies in the Aerospace & Defense industry, placing it in the top 46.9%.
Is Virgin Galactic Holdings' Cash-to-Debt too high?
Virgin Galactic Holdings' current Cash-to-Debt of 1.16 is 46% below median its 10-year median of 2.14. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 10,000.00. The Aerospace & Defense industry median Cash-to-Debt is 0.99. Virgin Galactic Holdings' value of 1.16 is 17.2% above this industry median. Based on the distribution chart, Virgin Galactic Holdings ranks #166 out of 354 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Virgin Galactic Holdings has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Virgin Galactic Holdings' Cash-to-Debt compare to MRLN and BUKS?
According to the Aerospace & Defense industry distribution chart, Virgin Galactic Holdings ranks #166 out of 354 companies for Cash-to-Debt. This puts Virgin Galactic Holdings in the upper half of its industry. The industry median Cash-to-Debt is 0.99. Virgin Galactic Holdings' value of 1.16 is 17.2% above this benchmark. Historically, Virgin Galactic Holdings' own Cash-to-Debt has ranged from 0.03 to 10,000.00 over the past decade. While the company's 10-year median is 2.14 vs. the industry median of 0.99, Virgin Galactic Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Aerospace & Defense company?
The median Cash-to-Debt among Aerospace & Defense companies is 0.99, based on 354 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Virgin Galactic Holdings's current Cash-to-Debt of 1.16 is 17.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Aerospace & Defense industry, the median Cash-to-Debt is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Virgin Galactic Holdings's current Cash-to-Debt is 1.16, which is 46% below median its own 10-year median of 2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Virgin Galactic Holdings stock overvalued right now?
Based on GuruFocus' analysis, Virgin Galactic Holdings (SPCE) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.84, compared to a current price of $2.94 — trading 59.8% above its estimated fair value. The current Cash-to-Debt is 1.16, which is 46% below median its 10-year median of 2.14 and 17.2% above the Aerospace & Defense industry median of 0.99. Virgin Galactic Holdings' overall GF Score™ is 66/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Virgin Galactic Holdings (SPCE), the current Cash-to-Debt is 1.16 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Virgin Galactic Holdings (SPCE) Overvalued in 2026?
Based on GuruFocus' analysis, Virgin Galactic Holdings stock appears to be overvalued.
The current stock price of $2.94 is trading 59.8% above its estimated GF Value™ of $1.84.
GuruFocus considers Virgin Galactic Holdings to be Significantly Overvalued.
Key valuation signals for SPCE:
Cash-to-Debt: 1.16 (46% below median its 10-year median of 2.14)
GF Value™: $1.84 vs. price of $2.94 (59.8% above fair value)
Industry Position: 17.2% above the Aerospace & Defense median (#166 of 354)
No single metric tells the full story. See the SPCE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Virgin Galactic Holdings Inc is a United States-based vertically integrated aerospace company pioneering human spaceflight for private individuals & researchers, and it also manufactures air and space vehicles. Using technologies, the company is developing a spaceflight system designed to offer its customers a multi-day and transformative experience. This culminates in a spaceflight that includes views of Earth from space and several minutes of weightlessness that will launch from Spaceport America, New Mexico.
66GF Score
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