Vertical Aerospace (Vertical Aerospace) Cash-to-Debt : 18.58 (As of Dec. 2023)

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What is Vertical Aerospace 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. Vertical Aerospace's cash to debt ratio for the quarter that ended in Dec. 2023 was 18.58.

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, Vertical Aerospace could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

EVTL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 18.58 Max: 109.53
Current: 18.58

During the past 5 years, Vertical Aerospace's highest Cash to Debt Ratio was 109.53. The lowest was 0.11. And the median was 18.58.

EVTL's Cash-to-Debt is ranked better than
83.87% of 310 companies
in the Aerospace & Defense industry
Industry Median: 0.795 vs EVTL: 18.58

Vertical Aerospace Cash-to-Debt Historical Data

The historical data trend for Vertical 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.

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Vertical Aerospace Cash-to-Debt Chart

Vertical Aerospace Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.88

0.11

109.53

38.84

18.58

Vertical Aerospace Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							71.75	38.84	30.56	26.69	18.58

Competitive Comparison of Vertical Aerospace's Cash-to-Debt

For the Aerospace & Defense subindustry, Vertical 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.

Vertical Aerospace's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Vertical Aerospace's Cash-to-Debt distribution charts can be found below:

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

Vertical Aerospace 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.

Vertical Aerospace'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)
	=	61.62	/	(0.814	+	2.503)
	=	18.58

Vertical Aerospace'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)
	=	61.62	/	(0.814	+	2.503)
	=	18.58

Vertical Aerospace (NYSE:EVTL) 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.

Vertical Aerospace Cash-to-Debt Related Terms

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Vertical Aerospace (Vertical Aerospace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Vertical Aerospace Ltd (NYSE:EVTL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

M00:Germany

Address

Chapel Street, Unit 1 Camwal Court, Bristol, GBR, BS2 0UW

Website

https://www.vertical-aerospace.com

Vertical Aerospace Ltd is engaged in making air travel personal, on-demand, and carbon-free. The VX4, Vertical's flagship aircraft, is a piloted electric vertical take-off and landing (eVTOL) vehicle capable of carrying four passengers.