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ThalesTHLEF +2.95%90 Cash-to-Debt is 0.91 as of Jun. 2026, which is 17% above its 10-year median of 0.78. GuruFocus rates THLEF with a GF Score™ of 90/100 and a GF Value™ of $243.32 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 354 Aerospace & Defense companies, Thales ranks worse than 51.69% 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. Thales's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.91.
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, Thalescouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Thales's Cash-to-Debt or its related term are showing as below:
THLEF'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.37 Med: 0.78 Max: 2.77
Current: 0.91
During the past 13 years, Thales's highest Cash to Debt Ratio was 2.77. The lowest was 0.37. And the median was 0.78.
THLEF's Cash-to-Debt is ranked worse than 51.69% of 354
companies
in the Aerospace & Defense industry
Industry Median: 0.99
vs THLEF: 0.91
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.
Thales Cash-to-Debt Related Terms
Thales Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Thales'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.
For the Aerospace & Defense subindustry, Thales'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.
Thales Cash-to-Debt vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Thales's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Thales'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.
Thales (THLEF) has a Cash-to-Debt of 0.91 as of Jun. 2026. This is 17% above median its historical median of 0.78. Over the past decade, Thales' Cash-to-Debt has ranged from 0.37 to 2.77. According to the industry distribution chart, Thales ranks #183 out of 354 companies in the Aerospace & Defense industry, placing it in the top 51.7%.
Is Thales' Cash-to-Debt too high?
Thales' current Cash-to-Debt of 0.91 is 17% above median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 2.77. The Aerospace & Defense industry median Cash-to-Debt is 0.99. Thales' value of 0.91 is 8.1% below this industry median. Based on the distribution chart, Thales ranks #183 out of 354 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Thales has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thales' Cash-to-Debt compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Thales ranks #183 out of 354 companies for Cash-to-Debt. This places Thales in the lower half of its industry. The industry median Cash-to-Debt is 0.99. Thales' value of 0.91 is 8.1% below this benchmark. Historically, Thales' own Cash-to-Debt has ranged from 0.37 to 2.77 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 0.99, Thales has consistently been below 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. Thales's current Cash-to-Debt of 0.91 is 8.1% below 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. Thales's current Cash-to-Debt is 0.91, which is 17% above median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thales stock overvalued right now?
Based on GuruFocus' analysis, Thales (THLEF) is currently considered Modestly Overvalued. The stock's GF Value™ is $243.32, compared to a current price of $282.85 — trading 16.2% above its estimated fair value. The current Cash-to-Debt is 0.91, which is 17% above median its 10-year median of 0.78 and 8.1% below the Aerospace & Defense industry median of 0.99. Thales' overall GF Score™ is 90/100 with 2 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 Thales (THLEF), the current Cash-to-Debt is 0.91 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 Thales (THLEF) Overvalued in 2026?
Based on GuruFocus' analysis, Thales stock appears to be overvalued.
The current stock price of $282.85 is trading 16.2% above its estimated GF Value™ of $243.32.
GuruFocus considers Thales to be Modestly Overvalued.
Key valuation signals for THLEF:
Cash-to-Debt: 0.91 (17% above median its 10-year median of 0.78)
GF Value™: $243.32 vs. price of $282.85 (16.2% above fair value)
Industry Position: 8.1% below the Aerospace & Defense median (#183 of 354)
No single metric tells the full story. See the THLEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thales is a French aerospace and defense industrial and one of Europe's largest defense contractors. The company has three segments: defense and security provides sensors, mission systems, communications, and control systems to European and export defense customers; aerospace sells avionics and satellites to the civil, defense, and governmental markets; and digital identity and security provides biometric, data, and identity security solutions, payments services, and the manufacturing of SIM cards.
90GF Score
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