Grupo Aeroportuario del Centro NorteB de CV (Grupo Aeroportuario del Centro NorteB de CV) Cash-to-Debt

: 0.26 (As of Mar. 2023)

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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. Grupo Aeroportuario del Centro NorteB de CV's cash to debt ratio for the quarter that ended in Mar. 2023 was 0.26.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Grupo Aeroportuario del Centro NorteB de CV couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

The historical rank and industry rank for Grupo Aeroportuario del Centro NorteB de CV's Cash-to-Debt or its related term are showing as below:

OMAB's Cash-to-Debt is not ranked ^*
in the Transportation industry.
Industry Median: 0.49
* Ranked among companies with meaningful Cash-to-Debt only.

Grupo Aeroportuario del Centro NorteB de CV Cash-to-Debt Historical Data

The historical data trend for Grupo Aeroportuario del Centro NorteB de CV's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Grupo Aeroportuario del Centro NorteB de CV Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.65

0.72

0.63

0.76

0.32

Grupo Aeroportuario del Centro NorteB de CV Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23
Cash-to-Debt	Get a 7-Day Free Trial															0.76	0.35	0.19	0.32	0.26

Competitive Comparison

For the Airports & Air Services subindustry, Grupo Aeroportuario del Centro NorteB de CV's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

Grupo Aeroportuario del Centro NorteB de CV Cash-to-Debt Distribution

For the Transportation industry and Industrials sector, Grupo Aeroportuario del Centro NorteB de CV's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Grupo Aeroportuario del Centro NorteB de CV's Cash-to-Debt falls into.

Grupo Aeroportuario del Centro NorteB de CV Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Grupo Aeroportuario del Centro NorteB de CV's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	171.134	/	(140.205	+	392.855)
	=	0.32

Grupo Aeroportuario del Centro NorteB de CV's Cash to Debt Ratio for the quarter that ended in Mar. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	157.071	/	(1.714	+	601.595)
	=	0.26

Grupo Aeroportuario del Centro NorteB de CV (NAS:OMAB) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Grupo Aeroportuario del Centro NorteB de CV Cash-to-Debt Related Terms

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Grupo Aeroportuario del Centro NorteB de CV (Grupo Aeroportuario del Centro NorteB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Grupo Aeroportuario del Centro Norte SAB de CV (NAS:OMAB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GAERF:USA OMAB:Mexico G7A:Germany G7AB:Germany G7A:Germany

Address

Avenue Patriotismo 201, Plaza Metropoli Patriotismo, 5th Floor, Col. San Pedro de los Pinos, Benito Juarez, MEX, MEX, 03800

Website

https://www.oma.aero

Grupo Aeroportuario del Centro Norte operates airports in the central region of Mexico. The largest airport is in Monterrey, which serves nearly half of the company's total passengers. In addition, the company manages two hotels and one industrial park.