Saker Aviation Services (Saker Aviation Services) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Saker Aviation Services 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. Saker Aviation Services's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, Saker Aviation Services could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

SKAS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28 Med: 3.27 Max: No Debt
Current: No Debt

During the past 13 years, Saker Aviation Services's highest Cash to Debt Ratio was No Debt. The lowest was 0.28. And the median was 3.27.

SKAS's Cash-to-Debt is ranked better than
99.79% of 965 companies
in the Transportation industry
Industry Median: 0.49 vs SKAS: No Debt

Saker Aviation Services Cash-to-Debt Historical Data

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

Saker Aviation Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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7.80

2.03

2.78

No Debt

Saker Aviation Services 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Saker Aviation Services's Cash-to-Debt

For the Airports & Air Services subindustry, Saker Aviation Services'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.

Saker Aviation Services's Cash-to-Debt Distribution in the Transportation Industry

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

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

Saker Aviation Services 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.

Saker Aviation Services's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Saker Aviation Services had no debt ⁽¹⁾.

Saker Aviation Services's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Saker Aviation Services had no debt ⁽¹⁾.

Saker Aviation Services (OTCPK:SKAS) 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.

Saker Aviation Services Cash-to-Debt Related Terms

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

Saker Aviation Services (Saker Aviation Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Saker Aviation Services Inc (OTCPK:SKAS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 South Street, Pier 6 East River, New York, NY, USA, 10004

Website

https://www.sakeraviation.com

Saker Aviation Services Inc operates in aviation services. It serves as the operator of a heliport, a fixed base operation (FBO), a provider of aircraft maintenance, repair and overhaul services, and consultant for non-owned seaplane base. The company focuses on safety, outstanding customer service, and personalized solutions and it offers full-service FBOs provide products and services for commercial airlines, private and business jets, military aircraft, and rotor aircraft. Geographically, business activities are carried out throughout the region of the United States.

Executives

Roy Moskowitz	director	20 SOUTH STREET, PIER 6 EAST RIVER, NEW YORK NY 10004
Mark N Raab	officer: Acting Principal Fin. Officer	C/O TECHSYS INC, 147 COLUMBIA TURNPIKE SUITE 109, FLORHAM PARK NJ 07932
Samuel D. Goldstein	director	20 SOUTH STREET, PIER 6 EAST RIVER, NEW YORK NY 10004
Marc Chodock	director	110 EAST 25TH STREET, 3RD FLOOR, NEW YORK NY 10010
Acm Value Opportunities Fund I Gp, Llc	other: See Footnote (2)	C/O ARVICE CAPITAL MANAGEMENT, LLC, 110 EAST 25TH STREET, 3RD FLOOR, NEW YORK NY 10011
Arvice Capital Management, Llc	other: See Footnote (2)	110 EAST 25TH STREET, 3RD FLOOR, NEW YORK NY 10011
Acm Value Opportunities Fund I, Lp	other: See Footnote (2)	C/O ARVICE CAPITAL MANAGEMENT, LLC, 110 EAST 25TH STREET, 3RD FLOOR, NEW YORK NY 10011
Ronald J Ricciardi	director, officer: President and CEO	100 HANGAR ROAD, WILKES-BARRE/SCRANTON INTERNTL. AIRPORT, AVOCA PA 18641
Jeffrey B Mendell	director	JBM REALTY, 10 GLENVILLE STREET, GREENWICH CT 06831
Donald Hecht	director	111 WEST 40TH ST, NEW YORK NY 10018
Alvin S Trenk	director	44 ASPEN DRIVE, LIVINGSTON NJ 07039
William B Wachtel	director, 10 percent owner	110 EAST 59TH ST, NEW YORK NY 10022
Gary E Hart	officer: COO and Senior VP	236 SING SING ROAD, ELMIRA-CORNING REGIONAL AIRPORT, HORSEHEADS NY 14845
Stephen B Siegel	director	200 PARK AVE, NEW YORK NY 10166
Thomas Iovino	director	C/O JUDLAW CONTRACTING, INC., 26-15 ULMER ST., COLLEGE POINT NY 11354