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Air Astana JSCLSE:AIRA 46 Debt-to-Equity is 2.95 as of Mar. 2026, which is 4% above its 10-year median of 2.84. GuruFocus rates LSE:AIRA with a GF Score™ of 46/100. The stock has 7 warning signs investors should review. Among 910 Transportation companies, Air Astana JSC ranks worse than 93.74% on this metric.
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 Astana JSC's Debt-to-Equity or its related term are showing as below:
LSE:AIRA'
s Debt-to-Equity Range Over the Past 10 Years
Min: 2.21 Med: 2.84 Max: 47.19
Current: 2.95
During the past 6 years, the highest Debt-to-Equity Ratio of Air Astana JSC was 47.19. The lowest was 2.21. And the median was 2.84.
LSE:AIRA's Debt-to-Equity is ranked worse than 93.74% of 910
companies
in the Transportation industry
Industry Median: 0.53
vs LSE:AIRA: 2.95
Air Astana JSC (LSE:AIRA) Debt-to-Equity Explanation
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 Astana JSC Debt-to-Equity Related Terms
Air Astana JSC Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Air Astana JSC'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.
LSE:AIRA vs DAL, UAL, LUV: Debt-to-Equity Comparison
For the Airlines subindustry, Air Astana JSC'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 Astana JSC Debt-to-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, Air Astana JSC's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Air Astana JSC's Debt-to-Equity falls into.
* 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 Astana JSC (LSE:AIRA) has a Debt-to-Equity of 2.95 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Air Astana JSC and its competitors. This is near median its historical median of 2.84. Over the past decade, Air Astana JSC's Debt-to-Equity has ranged from 2.21 to 47.19. According to the industry distribution chart, Air Astana JSC ranks #853 out of 910 companies in the Transportation industry, placing it in the top 93.7%.
Is Air Astana JSC's Debt-to-Equity too high?
Air Astana JSC's current Debt-to-Equity of 2.95 is near median its 10-year median of 2.84. Over the past 10 years, this metric has ranged from a low of 2.21 to a high of 47.19. The Transportation industry median Debt-to-Equity is 0.53. Air Astana JSC's value of 2.95 is 456.6% above this industry median. Based on the distribution chart, Air Astana JSC ranks #853 out of 910 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Air Astana JSC has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Air Astana JSC's Debt-to-Equity compare to DAL and UAL?
According to the Transportation industry distribution chart, Air Astana JSC ranks #853 out of 910 companies for Debt-to-Equity. This places Air Astana JSC in the lower half of its industry. The industry median Debt-to-Equity is 0.53. Air Astana JSC's value of 2.95 is 456.6% above this benchmark. Historically, Air Astana JSC's own Debt-to-Equity has ranged from 2.21 to 47.19 over the past decade. While the company's 10-year median is 2.84 vs. the industry median of 0.53, Air Astana JSC has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Transportation company?
The median Debt-to-Equity among Transportation companies is 0.53, based on 910 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Air Astana JSC's current Debt-to-Equity of 2.95 is 456.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Air Astana JSC and its competitors. For the Transportation industry, the median Debt-to-Equity is 0.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Astana JSC's current Debt-to-Equity is 2.95, which is near median its own 10-year median of 2.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Astana JSC stock overvalued right now?
Air Astana JSC (LSE:AIRA) has a current Debt-to-Equity of 2.95. The current Debt-to-Equity is 2.95, which is near median its 10-year median of 2.84 and 456.6% above the Transportation industry median of 0.53. Air Astana JSC's overall GF Score™ is 46/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Air Astana JSC (LSE:AIRA), the current Debt-to-Equity is 2.95 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Air Astana JSC is an airline company engaged in providing scheduled and charter, point-to-point and transit, short-haul and long-haul passenger air transportation and cargo services on domestic, regional, and international routes across Central Asia, the Caucasus, Europe (including Turkey), the Middle East, and Asia (including India and China). The group has two reportable segments. The Air Astana segment operates as a full-service airline brand providing domestic and international passenger and cargo transportation services. The FlyArystan segment operates as a low-cost airline brand providing scheduled short-haul and medium-haul passenger air transportation services across Kazakhstan and neighboring regions, including the Caucasus, Central Asia, Turkey, and the Middle East.
46GF Score
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