Magellan AerospaceTSX:MAL -2.88%75 Cash-to-Debt is 0.53 as of Mar. 2026, which is 23% above its 10-year median of 0.43. GuruFocus rates TSX:MAL with a GF Score™ of 75/100 and a GF Value™ of C$11.58 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 353 Aerospace & Defense companies, Magellan Aerospace ranks worse than 62.89% 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. Magellan Aerospace's cash to debt ratio for the quarter that ended in Mar. 2026 was 0.53.
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, Magellan Aerospacecouldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2026.
The historical rank and industry rank for Magellan Aerospace's Cash-to-Debt or its related term are showing as below:
TSX:MAL'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.43 Max: 0.99
Current: 0.53
During the past 13 years, Magellan Aerospace's highest Cash to Debt Ratio was 0.99. The lowest was 0.01. And the median was 0.43.
TSX:MAL's Cash-to-Debt is ranked worse than 62.89% of 353
companies
in the Aerospace & Defense industry
Industry Median: 0.97
vs TSX:MAL: 0.53
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.
Magellan Aerospace Cash-to-Debt Related Terms
Magellan Aerospace Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Magellan 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.
For the Aerospace & Defense subindustry, Magellan 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.
Magellan Aerospace Cash-to-Debt vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Magellan Aerospace's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Magellan Aerospace'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.
Magellan Aerospace (TSX:MAL) has a Cash-to-Debt of 0.53 as of Mar. 2026. This is 23% above median its historical median of 0.43. Over the past decade, Magellan Aerospace's Cash-to-Debt has ranged from 0.01 to 0.99. According to the industry distribution chart, Magellan Aerospace ranks #222 out of 353 companies in the Aerospace & Defense industry, placing it in the top 62.9%.
Is Magellan Aerospace's Cash-to-Debt too high?
Magellan Aerospace's current Cash-to-Debt of 0.53 is 23% above median its 10-year median of 0.43. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.99. The Aerospace & Defense industry median Cash-to-Debt is 0.97. Magellan Aerospace's value of 0.53 is 45.4% below this industry median. Based on the distribution chart, Magellan Aerospace ranks #222 out of 353 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Magellan Aerospace has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Magellan Aerospace's Cash-to-Debt compare to GE and RTX?
According to the Aerospace & Defense industry distribution chart, Magellan Aerospace ranks #222 out of 353 companies for Cash-to-Debt. This places Magellan Aerospace in the lower half of its industry. The industry median Cash-to-Debt is 0.97. Magellan Aerospace's value of 0.53 is 45.4% below this benchmark. Historically, Magellan Aerospace's own Cash-to-Debt has ranged from 0.01 to 0.99 over the past decade. While the company's 10-year median is 0.43 vs. the industry median of 0.97, Magellan Aerospace 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 0.97, based on 353 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. Magellan Aerospace's current Cash-to-Debt of 0.53 is 45.4% 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 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Magellan Aerospace's current Cash-to-Debt is 0.53, which is 23% above median its own 10-year median of 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magellan Aerospace stock overvalued right now?
Based on GuruFocus' analysis, Magellan Aerospace (TSX:MAL) is currently considered Significantly Overvalued. The stock's GF Value™ is C$11.58, compared to a current price of C$30.99 — trading 167.6% above its estimated fair value. The current Cash-to-Debt is 0.53, which is 23% above median its 10-year median of 0.43 and 45.4% below the Aerospace & Defense industry median of 0.97. Magellan Aerospace's overall GF Score™ is 75/100 with 6 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 Magellan Aerospace (TSX:MAL), the current Cash-to-Debt is 0.53 as of Mar. 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 Magellan Aerospace (TSX:MAL) Overvalued in 2026?
Based on GuruFocus' analysis, Magellan Aerospace stock appears to be overvalued.
The current stock price of C$30.99 is trading 167.6% above its estimated GF Value™ of C$11.58.
GuruFocus considers Magellan Aerospace to be Significantly Overvalued.
Key valuation signals for TSX:MAL:
Cash-to-Debt: 0.53 (23% above median its 10-year median of 0.43)
GF Value™: C$11.58 vs. price of C$30.99 (167.6% above fair value)
Industry Position: 45.4% below the Aerospace & Defense median (#222 of 353)
No single metric tells the full story. See the TSX:MAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Magellan Aerospace Corp supplies components to the aerospace industry. Through its subsidiaries, it engineers and manufactures aero-engine and aerostructure components for aerospace markets, including products for defense and space markets, and complementary specialty products. Some of its product offerings include honeycomb and filament-wound tubes, frames, compressor components, bypass ducts, black brant rockets, and helicopter power transmission housings, among others. The group also supports the aftermarket through the supply of spare parts as well as through repair and overhaul services. It operates activities in one reportable segment, namely Aerospace. Geographically, the group derives its maximum revenue from Canada, followed by the United States and Europe.
75GF Score
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