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AICAF (Air China) Debt-to-Equity : 5.73 (As of Sep. 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 Sep. 2024 was $14,235 Mil. Air China's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $18,565 Mil. Air China's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $5,730 Mil. Air China's debt to equity for the quarter that ended in Sep. 2024 was 5.72.

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:

AICAF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.6   Med: 1.97   Max: 9.07
Current: 5.73

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 1.97.

AICAF's Debt-to-Equity is ranked worse than
97.61% of 880 companies
in the Transportation industry
Industry Median: 0.54 vs AICAF: 5.73

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
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.49 2.06 2.98 9.07 5.79

Air China Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.47 5.79 5.89 6.44 5.73

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

Air China's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

* 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.


Air China  (OTCPK:AICAF) 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

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


Air China Business Description

Address
12 Tung Fai Road, 5th Floor, CNAC House, Hong Kong International Airport, Hong Kong, HKG
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 905 aircraft as of 2023 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.