Chorus Aviation (Chorus Aviation) Debt-to-Equity : 1.47 (As of Dec. 2023)

View and export this data going back to 2010. Start your Free Trial

What is Chorus Aviation Debt-to-Equity?

Chorus Aviation's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $323 Mil. Chorus Aviation's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $986 Mil. Chorus Aviation's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $890 Mil. Chorus Aviation's debt to equity for the quarter that ended in Dec. 2023 was 1.47.

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 Chorus Aviation's Debt-to-Equity or its related term are showing as below:

CHRRF' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.47 Med: 3.36 Max: 6.59
Current: 1.47

During the past 13 years, the highest Debt-to-Equity Ratio of Chorus Aviation was 6.59. The lowest was 1.47. And the median was 3.36.

CHRRF's Debt-to-Equity is ranked worse than
80.56% of 885 companies
in the Transportation industry
Industry Median: 0.55 vs CHRRF: 1.47

Chorus Aviation Debt-to-Equity Historical Data

The historical data trend for Chorus Aviation'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.

Chorus Aviation Debt-to-Equity Chart

Chorus Aviation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

3.04

3.42

2.77

1.72

1.47

Chorus Aviation Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.72	1.66	1.61	1.49	1.47

Competitive Comparison of Chorus Aviation's Debt-to-Equity

For the Airports & Air Services subindustry, Chorus Aviation'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.

Chorus Aviation's Debt-to-Equity Distribution in the Transportation Industry

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

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

Chorus Aviation Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chorus Aviation'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
	=	(323.04	+	985.531)	/	889.896
	=	1.47

Chorus Aviation'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
	=	(323.04	+	985.531)	/	889.896
	=	1.47

Chorus Aviation (OTCPK:CHRRF) 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.

Chorus Aviation Debt-to-Equity Related Terms

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

Chorus Aviation (Chorus Aviation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chorus Aviation Inc (OTCPK:CHRRF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

1H0:Germany CHR:Canada

Address

3 Spectacle Lake Drive, Suite 380, Dartmouth, NS, CAN, B3B 1W8

Website

https://www.chorusaviation.com

Chorus Aviation Inc is a Canadian holding company. It aims to deliver regional aviation to the world through its businesses. It specializes in contract flying, maintenance, repair and overhaul, and aircraft leasing solutions. The company operates in two segments namely, the Regional Aviation Services segment includes contract flying, charter operations and maintenance, repair, and overhaul services that are carried on by both Jazz and Voyageur, and the Regional Aircraft Leasing segment leases aircraft to third parties through its wholly-owned subsidiary Chorus Aviation Capital Corp. It generates maximum revenue from the Regional Aviation Services segment.

Chorus Aviation (Chorus Aviation) Headlines

From GuruFocus

Prem Watsa Comments on Chorus Aviation

By Sydnee Gatewood Sydnee Gatewood • 03-08-2021

Purolator enhances air network as demand for express shipping continues to rise

By PRNewswire PRNewswire • 05-05-2021

Chorus Aviation to participate in Regional Airline Association 44th Annual Convention

By PRNewswire PRNewswire • 08-27-2019

Chorus Aviation to participate in MRO Americas event

By PRNewswire PRNewswire • 03-02-2020