Air France-KLM (XPAR:AF) Debt-to-Equity

: -7.38 (As of Sep. 2023)

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Air France-KLM's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €2,154 Mil. Air France-KLM's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €9,570 Mil. Air France-KLM's Total Stockholders Equity for the quarter that ended in Sep. 2023 was €-1,589 Mil. Air France-KLM's debt to equity for the quarter that ended in Sep. 2023 was -7.38.

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 France-KLM's Debt-to-Equity or its related term are showing as below:

XPAR:AF' s Debt-to-Equity Range Over the Past 10 Years
Min: -327.54 Med: -3.21 Max: 40.36
Current: -7.38

During the past 13 years, the highest Debt-to-Equity Ratio of Air France-KLM was 40.36. The lowest was -327.54. And the median was -3.21.

XPAR:AF's Debt-to-Equity is not ranked
in the Transportation industry.
Industry Median: 0.55 vs XPAR:AF: -7.38

Air France-KLM Debt-to-Equity Historical Data

The historical data trend for Air France-KLM'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 France-KLM Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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5.59

4.38

-3.30

-3.96

-4.50

Air France-KLM 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															-1.34	-4.50	-3.44	-4.22	-7.38

Competitive Comparison

For the Airlines subindustry, Air France-KLM'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 France-KLM Debt-to-Equity Distribution

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

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

Air France-KLM Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Air France-KLM'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
	=	(1733	+	11784)	/	-3004
	=	-4.50

Air France-KLM'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
	=	(2154	+	9570)	/	-1589
	=	-7.38

Air France-KLM (XPAR:AF) 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 France-KLM Debt-to-Equity Related Terms

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Air France-KLM (XPAR:AF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air France-KLM (XPAR:AF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AFRAF:USA AFLYY:USA 1AF:Italy AFp:UK 0LN7:UK AFR0:Germany AFK:Austria

Address

2 Rue Robert Esnault-Pelterie, Paris, FRA, 75007

Website

https://www.airfranceklm.com

Air France-KLM is a European airline group engaged in businesses that include passenger and cargo transportation, low-cost operations, and aircraft maintenance. The Group has four segments which include Network, Maintenance, Transavia, and Other. The Network segment derives key revenue which includes the passenger and cargo network, mainly coming from passenger transportation services on scheduled flights with the group's airline code. Its geographic markets include France, Benelux, Europe, and the rest of the world, with the majority of revenue coming from France, including its overseas division.

Air France-KLM (XPAR:AF) Headlines

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