Originally Posted by
5and20
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Spirit Airlines's cash to debt ratio for the
quarter that ended in
Dec. 2019 was
0.31.
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Spirit Airlines
couldn't pay off its debt using the cash in hand for the
quarter that ended in
Dec. 2019.
NYSE:SAVE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 1.8 Max: No Debt
Current: 0.31
0.08
No DebtDuring the
past 12 years, Spirit Airlines's
highest Cash to Debt Ratio was
No Debt. The
lowest was
0.08. And the
median was
1.80.
NYSE:SAVE's Cash-to-Debt is ranked
higher than
54% of the
814 Companies
in the
Transportation industry.
https://www.gurufocus.com/term/cash2...t-Airlines-Inc
You really think they want to pay off debt with the interest rates where they are now. If anything they’re all struggling to take out more debt to weather the storm. The debt doesn’t become due on the day the banks chose. Omni is right. Cash and access to it is king right now. Not some spreadsheet on how much you owe on your tugs and baggage carts.
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