Jazeera Airways Co KSC (KUW:JAZEERA) Cash-to-Debt : 0.18 (As of Dec. 2023)

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What is Jazeera Airways Co KSC 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. Jazeera Airways Co KSC's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.18.

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, Jazeera Airways Co KSC couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Jazeera Airways Co KSC's Cash-to-Debt or its related term are showing as below:

KUW:JAZEERA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.45 Max: No Debt
Current: 0.18

During the past 13 years, Jazeera Airways Co KSC's highest Cash to Debt Ratio was No Debt. The lowest was 0.17. And the median was 0.45.

KUW:JAZEERA's Cash-to-Debt is ranked worse than
73.71% of 966 companies
in the Transportation industry
Industry Median: 0.49 vs KUW:JAZEERA: 0.18

Jazeera Airways Co KSC Cash-to-Debt Historical Data

The historical data trend for Jazeera Airways Co KSC'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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Jazeera Airways Co KSC Cash-to-Debt Chart

Jazeera Airways Co KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.27

0.17

0.35

0.32

0.18

Jazeera Airways Co KSC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.32	0.32	0.19	0.10	0.18

Competitive Comparison of Jazeera Airways Co KSC's Cash-to-Debt

For the Airlines subindustry, Jazeera Airways Co KSC'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.

Jazeera Airways Co KSC's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jazeera Airways Co KSC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jazeera Airways Co KSC's Cash-to-Debt falls into.

Jazeera Airways Co KSC 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.

Jazeera Airways Co KSC'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)
	=	32.905	/	(31.592	+	154.222)
	=	0.18

Jazeera Airways Co KSC's Cash to Debt Ratio for the quarter 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)
	=	32.905	/	(31.592	+	154.222)
	=	0.18

Jazeera Airways Co KSC (KUW:JAZEERA) 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.

Jazeera Airways Co KSC Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Jazeera Airways Co KSC's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Jazeera Airways Co KSC (KUW:JAZEERA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jazeera Airways Co KSC (KUW:JAZEERA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kuwait international Airport, P.O. Box 29288, Safat, Kuwait City, KWT, 13153

Website

https://www.jazeeraairways.com

Jazeera Airways Co KSC is a Kuwait-based company which is involved in the business of air transportation and commercial passenger services. The company serves its customer by providing air transportation services including people air transportation, cargo, goods and mails, and aircraft-related services. In addition, the company also provides technical support, handling, and maintenance of aircraft, customs brokerage services, and the establishment of aircraft service stations, warehouses, hangars, workshops, factories, machinery, devices, and equipment. It operates a fleet of Airbus A320 aircraft with two-class cabins and serves around 19 destinations across the Middle East. The company generates the majority of its revenue from passenger transportation activity.

Jazeera Airways Co KSC (KUW:JAZEERA) Headlines

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