Aena SME (WBO:AENA) Cash-to-Debt : 0.32 (As of Dec. 2023)

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What is Aena SME 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. Aena SME's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.32.

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, Aena SME 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 Aena SME's Cash-to-Debt or its related term are showing as below:

WBO:AENA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.1 Max: 0.32
Current: 0.32

During the past 13 years, Aena SME's highest Cash to Debt Ratio was 0.32. The lowest was 0.03. And the median was 0.10.

WBO:AENA's Cash-to-Debt is ranked worse than
61.97% of 965 companies
in the Transportation industry
Industry Median: 0.49 vs WBO:AENA: 0.32

Aena SME Cash-to-Debt Historical Data

The historical data trend for Aena SME'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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Aena SME Cash-to-Debt Chart

Aena SME Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.04

0.15

0.18

0.21

0.32

Aena SME 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															0.21	0.26	0.16	0.24	0.32

Competitive Comparison of Aena SME's Cash-to-Debt

For the Airports & Air Services subindustry, Aena SME'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.

Aena SME's Cash-to-Debt Distribution in the Transportation Industry

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

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

Aena SME 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.

Aena SME'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)
	=	2363.125	/	(826.168	+	6569.046)
	=	0.32

Aena SME'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)
	=	2363.125	/	(826.168	+	6569.046)
	=	0.32

Aena SME (WBO:AENA) 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.

Aena SME Cash-to-Debt Related Terms

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

Aena SME (WBO:AENA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Aena SME SA (WBO:AENA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ANYYY:USA ANNSF:USA 1AENA:Italy AENAe:UK 0R4Y:UK AENA:Spain A440:Germany

Address

Calle Peonias, 12, Madrid, ESP, 28042

Website

http://www.aena.es

Aena is a Spanish airport operator with 46 airports in Spain, including Madrid and Barcelona, and has stakes in 23 international airports. The group generates regulated and nonregulated revenue. Regulated revenue includes fees collected from takeoff and landing, passenger fees and security, whereas nonregulated revenue stems from commercial activities such as retail, food and beverage and advertising sales. In 2019, before the onset of the pandemic, the group catered to 275 million passengers through its Spanish airport network. The group was semiprivatized in 2015, with a listing on the Madrid exchange.

Aena SME (WBO:AENA) Headlines

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