Transat AT (TSX:TRZ) Cash-to-Debt : 0.25 (As of Jan. 2024)

View and export this data going back to 1993. Start your Free Trial

What is Transat AT 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. Transat AT's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.25.

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, Transat AT couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

TSX:TRZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: No Debt Max: No Debt
Current: 0.25

During the past 13 years, Transat AT's highest Cash to Debt Ratio was No Debt. The lowest was 0.18. And the median was No Debt.

TSX:TRZ's Cash-to-Debt is ranked worse than
63.55% of 823 companies
in the Travel & Leisure industry
Industry Median: 0.57 vs TSX:TRZ: 0.25

Transat AT Cash-to-Debt Historical Data

The historical data trend for Transat AT'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.

* Premium members only.

Transat AT Cash-to-Debt Chart

Transat AT Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

Get a 7-Day Free Trial

0.85

0.47

0.31

0.18

0.23

Transat AT Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															0.27	0.36	0.31	0.23	0.25

Competitive Comparison of Transat AT's Cash-to-Debt

For the Travel Services subindustry, Transat AT'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.

Transat AT's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Transat AT's Cash-to-Debt distribution charts can be found below:

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

Transat AT 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.

Transat AT's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	435.647	/	(150.246	+	1740.35)
	=	0.23

Transat AT's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	453.286	/	(150.204	+	1653.307)
	=	0.25

Transat AT (TSX:TRZ) 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.

Transat AT Cash-to-Debt Related Terms

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

Transat AT (TSX:TRZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Transat AT Inc (TSX:TRZ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TRZBF:USA 1TJ:Germany

Address

300 Leo-Pariseau Street, Suite 600, Montreal, QC, CAN, H2X 4C2

Website

https://www.transat.com

Transat A.T. Inc is a Canadian company that specializes in the organization, marketing, and distribution of holiday travel in the tourism industry. The company offers vacation packages, hotel stays, and air travel under the Transat and Air Transat brands. The company's core business consists of a Canadian leisure airline based in Canada that is vertically integrated with its other services of holiday packages, distribution through a dynamic travel agency network, value-added services at travel destinations, and accommodations. Its geographical segments include the Transatlantic, Americas, and others. It operates in one segment namely holiday travel.

Transat AT (TSX:TRZ) Headlines

No Headlines