Cathay Pacific Airways (HKSE:00293) Debt-to-Equity : 1.14 (As of Dec. 2023)

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What is Cathay Pacific Airways Debt-to-Equity?

Cathay Pacific Airways's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$10,523 Mil. Cathay Pacific Airways's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$57,771 Mil. Cathay Pacific Airways's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$60,026 Mil. Cathay Pacific Airways's debt to equity for the quarter that ended in Dec. 2023 was 1.14.

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 Cathay Pacific Airways's Debt-to-Equity or its related term are showing as below:

HKSE:00293' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.14 Med: 1.26 Max: 1.55
Current: 1.14

During the past 13 years, the highest Debt-to-Equity Ratio of Cathay Pacific Airways was 1.55. The lowest was 1.14. And the median was 1.26.

HKSE:00293's Debt-to-Equity is ranked worse than
73.9% of 885 companies
in the Transportation industry
Industry Median: 0.55 vs HKSE:00293: 1.14

Cathay Pacific Airways Debt-to-Equity Historical Data

The historical data trend for Cathay Pacific Airways'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.

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Cathay Pacific Airways Debt-to-Equity Chart

Cathay Pacific Airways Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.55

1.27

1.24

1.21

1.14

Cathay Pacific Airways Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.24	1.22	1.21	1.07	1.14

Competitive Comparison of Cathay Pacific Airways's Debt-to-Equity

For the Airlines subindustry, Cathay Pacific Airways'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.

Cathay Pacific Airways's Debt-to-Equity Distribution in the Transportation Industry

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

* The bar in red indicates where Cathay Pacific Airways's Debt-to-Equity falls into.

Cathay Pacific Airways Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cathay Pacific Airways's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(10523	+	57771)	/	60026
	=	1.14

Cathay Pacific Airways's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(10523	+	57771)	/	60026
	=	1.14

Cathay Pacific Airways (HKSE:00293) 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.

Cathay Pacific Airways Debt-to-Equity Related Terms

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Cathay Pacific Airways (HKSE:00293) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Cathay Pacific Airways Ltd (HKSE:00293) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CPCAY:USA CPCAF:USA CTY:Germany

Address

88 Queensway, 33rd Floor, One Pacific Place, Hong Kong, HKG

Website

https://www.cathaypacific.com

Cathay Pacific Airways is the largest airline group in Hong Kong. It operated a fleet of 222 aircraft as of December 2022 and carried more than 35 million passengers in 2019. Its route network extends to 119 destinations in 35 countries. The group operates the full-service airline Cathay Pacific and the low-cost carrier HK Express. It also runs the cargo carrier Air Hong Kong.

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