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Canada Jetlines Operations (NEOE:CJET) Debt-to-Revenue : 0.85 (As of Mar. 2024)


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What is Canada Jetlines Operations Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Canada Jetlines Operations's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$4.85 Mil. Canada Jetlines Operations's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$34.05 Mil. Canada Jetlines Operations's annualized Revenue for the quarter that ended in Mar. 2024 was C$45.99 Mil. Canada Jetlines Operations's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 was 0.85.


Canada Jetlines Operations Debt-to-Revenue Historical Data

The historical data trend for Canada Jetlines Operations's Debt-to-Revenue 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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Canada Jetlines Operations Debt-to-Revenue Chart

Canada Jetlines Operations Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Revenue
N/A N/A N/A 7.58 1.08

Canada Jetlines Operations Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Revenue 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 1.28 0.72 0.74 1.02 0.85

Competitive Comparison of Canada Jetlines Operations's Debt-to-Revenue

For the Airlines subindustry, Canada Jetlines Operations's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.


Canada Jetlines Operations's Debt-to-Revenue Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Canada Jetlines Operations's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where Canada Jetlines Operations's Debt-to-Revenue falls into.



Canada Jetlines Operations Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Canada Jetlines Operations's Debt-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(4.459 + 35.831) / 37.181
=1.08

Canada Jetlines Operations's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(4.848 + 34.048) / 45.992
=0.85

* 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.

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Mar. 2024) Revenue data.


Canada Jetlines Operations Debt-to-Revenue Related Terms

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Canada Jetlines Operations (NEOE:CJET) Business Description

Traded in Other Exchanges
Address
1055 West Georgia Street, Suite 2400, Vancouver, BC, CAN, V6E 3P3
Canada Jetlines Operations Ltd operates as a leisure carrier. The group utilizes a growing fleet of Airbus A320 aircraft that provides passengers with another choice to travel to preferred destinations within the U.S., Caribbean, and Mexico. It generates maximum revenue from charter services.