Air China (LSE:AIRC) Debt-to-Equity : 5.89 (As of Mar. 2024)

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What is Air China Debt-to-Equity?

Air China's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was £7,679 Mil. Air China's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was £16,358 Mil. Air China's Total Stockholders Equity for the quarter that ended in Mar. 2024 was £4,081 Mil. Air China's debt to equity for the quarter that ended in Mar. 2024 was 5.89.

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 Air China's Debt-to-Equity or its related term are showing as below:

LSE:AIRC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.6 Med: 1.96 Max: 9.07
Current: 5.89

During the past 13 years, the highest Debt-to-Equity Ratio of Air China was 9.07. The lowest was 0.60. And the median was 1.96.

LSE:AIRC's Debt-to-Equity is ranked worse than
97.28% of 882 companies
in the Transportation industry
Industry Median: 0.54 vs LSE:AIRC: 5.89

Air China Debt-to-Equity Historical Data

The historical data trend for Air China'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.

Air China Debt-to-Equity Chart

Air China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.49

2.06

2.98

9.07

5.79

Air China Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															6.81	6.48	5.47	5.79	5.89

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

For the Airlines subindustry, Air China'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.

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

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

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

Air China Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Air China'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
	=	(6814.086	+	17041.903)	/	4119.166
	=	5.79

Air China's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(7679.349	+	16358.441)	/	4081.04
	=	5.89

Air China (LSE:AIRC) 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.

Air China Debt-to-Equity Related Terms

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Air China (LSE:AIRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air China Ltd (LSE:AIRC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AIRYY:USA AICAF:USA 00753:Hong Kong AD2:Germany AD2:Germany 601111:China AD2:Austria

Address

30 Tianzhu Road, Airport Industrial Zone, Blue Sky Mansion, Shunyi District, Beijing, CHN, 101312

Website

http://www.airchina.com.cn

Air China is based in Beijing. It is one of the largest state-owned airlines and the flag carrier in China. The group operated a fleet of 762 aircraft as of 2022 and carried more than 115 million passengers in prepandemic 2019. It runs a spoke-and-hub model under which it gathers and distributes passengers from air hubs such as Beijing, Chengdu, and Shanghai. The group's route network extends to over 187 destinations and 43 countries and regions.