Cebu Air (Cebu Air) Debt-to-Equity : 59.04 (As of Sep. 2023)

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What is Cebu Air Debt-to-Equity?

Cebu Air's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $214 Mil. Cebu Air's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1,935 Mil. Cebu Air's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $36 Mil. Cebu Air's debt to equity for the quarter that ended in Sep. 2023 was 59.04.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Cebu Air's Debt-to-Equity or its related term are showing as below:

CEBUF' s Debt-to-Equity Range Over the Past 10 Years
Min: -137.74 Med: 1.44 Max: 157.51
Current: 59.04

During the past 13 years, the highest Debt-to-Equity Ratio of Cebu Air was 157.51. The lowest was -137.74. And the median was 1.44.

CEBUF's Debt-to-Equity is ranked worse than
99.66% of 884 companies
in the Transportation industry
Industry Median: 0.545 vs CEBUF: 59.04

Cebu Air Debt-to-Equity Historical Data

The historical data trend for Cebu Air's Debt-to-Equity 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.

* Premium members only.

Cebu Air Debt-to-Equity Chart

Cebu Air Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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1.34

1.66

3.37

8.96

-35.44

Cebu Air Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-137.74	-35.44	-52.12	157.51	59.04

Competitive Comparison of Cebu Air's Debt-to-Equity

For the Airlines subindustry, Cebu Air's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Cebu Air's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Cebu Air's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cebu Air's Debt-to-Equity falls into.

Cebu Air Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cebu Air's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(165.697	+	1608.314)	/	-50.056
	=	-35.44

Cebu Air's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(214.422	+	1934.593)	/	36.397
	=	59.04

Cebu Air (OTCPK:CEBUF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Cebu Air Debt-to-Equity Related Terms

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Cebu Air (Cebu Air) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Cebu Air Inc (OTCPK:CEBUF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CEBCP.PFD:Philippines CEB:Philippines

Address

Sergio Osmena Boulevard, Level 4, Unit 4030-4031, Robinsons Galleria Cebu, General Maxilom Avenue cor, Cebu, CEB, PHL, 6000

Website

https://www.cebupacificair.com

Cebu Air Inc is a carrier in the Philippine air transportation industry. It has two reportable operating segments, which are the airline business (Parent Company and CEBGO) and the line and light maintenance business (A-Plus). The revenue of the operating segment was mainly derived from rendering transportation services and line and light maintenance services. The Airline Group has a network of distributors in the Philippines selling its domestic and international air services within an agreed territory or geographical coverage. Geographically, it operates in the Philippines, Asia (excluding the Philippines), Europe, and Others, out of which the majority is from the Philippines.

Cebu Air (Cebu Air) Headlines

From GuruFocus

Baron Funds Comments on Cebu Air Inc.

By Holly LaFon Holly LaFon • 12-10-2013