Chorus Aviation (FRA:1H0) Debt-to-Asset : 0.43 (As of Mar. 2024)

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What is Chorus Aviation Debt-to-Asset?

Chorus Aviation's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €282 Mil. Chorus Aviation's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €811 Mil. Chorus Aviation's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was €2,563 Mil. Chorus Aviation's debt to asset for the quarter that ended in Mar. 2024 was 0.43.

Chorus Aviation Debt-to-Asset Historical Data

The historical data trend for Chorus Aviation's Debt-to-Asset 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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Chorus Aviation Debt-to-Asset Chart

Chorus Aviation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.62

0.66

0.60

0.50

0.46

Chorus Aviation Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.50	0.49	0.46	0.46	0.43

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

For the Airports & Air Services subindustry, Chorus Aviation's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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-Asset Distribution in the Transportation Industry

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

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

Chorus Aviation Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Chorus Aviation's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(296.228	+	903.732)	/	2632.115
	=	0.46

Chorus Aviation's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(282.192	+	811.112)	/	2563.245
	=	0.43

Chorus Aviation (FRA:1H0) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Chorus Aviation Debt-to-Asset Related Terms

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Chorus Aviation (FRA:1H0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chorus Aviation Inc (FRA:1H0) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

CHRRF:USA 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.

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