Qantas Airways (ASX:QAN) Debt-to-Asset : 0.32 (As of Dec. 2023)

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What is Qantas Airways Debt-to-Asset?

Qantas Airways's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$661 Mil. Qantas Airways's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$5,460 Mil. Qantas Airways's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$19,277 Mil. Qantas Airways's debt to asset for the quarter that ended in Dec. 2023 was 0.32.

Qantas Airways Debt-to-Asset Historical Data

The historical data trend for Qantas Airways'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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Qantas Airways Debt-to-Asset Chart

Qantas Airways Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Asset

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0.27

0.43

0.46

0.37

0.33

Qantas Airways Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.46	0.37	0.33	0.33	0.32

Competitive Comparison of Qantas Airways's Debt-to-Asset

For the Airlines subindustry, Qantas Airways'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.

Qantas Airways's Debt-to-Asset Distribution in the Transportation Industry

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

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

Qantas Airways Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Qantas Airways's Debt-to-Asset for the fiscal year that ended in Jun. 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
	=	(1380	+	5346)	/	20354
	=	0.33

Qantas Airways's Debt-to-Asset for the quarter 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
	=	(661	+	5460)	/	19277
	=	0.32

Qantas Airways (ASX:QAN) 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.

Qantas Airways Debt-to-Asset Related Terms

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Qantas Airways (ASX:QAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Qantas Airways Ltd (ASX:QAN) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

QUBSF:USA QABSY:USA QAN:Germany

Address

10 Bourke Road, Mascot, Sydney, NSW, AUS, 2020

Website

https://www.qantas.com

Qantas Airways is Australia's largest domestic airline with typically a two thirds market share, effectively competing in a duopoly with Virgin. The company operates a multibrand strategy, with low-cost carrier Jetstar complementing the full-service Qantas brand. Its frequent-flyer loyalty program continues to expand with new partnerships, which are integral to retaining customer loyalty for its core airline business.

Qantas Airways (ASX:QAN) Headlines

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