FTAI Aviation (FTAI Aviation) Cash-to-Debt : 0.02 (As of Mar. 2024)

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What is FTAI Aviation 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. FTAI Aviation's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.02.

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, FTAI Aviation couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

FTAIP.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.07 Max: 1.43
Current: 0.04

During the past 12 years, FTAI Aviation's highest Cash to Debt Ratio was 1.43. The lowest was 0.02. And the median was 0.07.

FTAIP.PFD's Cash-to-Debt is ranked worse than
93.14% of 1064 companies
in the Business Services industry
Industry Median: 0.99 vs FTAIP.PFD: 0.04

FTAI Aviation Cash-to-Debt Historical Data

The historical data trend for FTAI Aviation'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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FTAI Aviation Cash-to-Debt Chart

FTAI Aviation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.16

0.06

0.05

0.02

0.04

FTAI Aviation Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.02	0.01	0.02	0.04	0.02

Competitive Comparison of FTAI Aviation's Cash-to-Debt

For the Rental & Leasing Services subindustry, FTAI Aviation'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.

FTAI Aviation's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, FTAI Aviation's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where FTAI Aviation's Cash-to-Debt falls into.

FTAI Aviation 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.

FTAI Aviation'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)
	=	90.756	/	(0	+	2517.343)
	=	0.04

FTAI Aviation's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	65.224	/	(0	+	2693.754)
	=	0.02

FTAI Aviation (NAS:FTAIP.PFD) 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.

FTAI Aviation Cash-to-Debt Related Terms

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FTAI Aviation (FTAI Aviation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » FTAI Aviation Ltd (NAS:FTAIP.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FTAIN.PFD:USA FTAIO.PFD:USA FTAI:USA

Address

1345 Avenue of the Americas, 45th Floor, New York, NY, USA, 10105

Website

https://www.ftaiaviation.com

FTAI Aviation Ltd is a aerospace company .It owns and maintains commercial jet engines with a focus on CFM56 engines. FTAI owns and leases jet aircraft which often facilitates the acquisition of engines at attractive prices. It invests in aviation assets and aerospace products that generate strong and stable cash flows with the potential for earnings growth and asset appreciation.