Air New Zealand (NZSE:AIR) Debt-to-Asset : 0.35 (As of Dec. 2023)

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What is Air New Zealand Debt-to-Asset?

Air New Zealand's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NZ$525 Mil. Air New Zealand's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NZ$2,522 Mil. Air New Zealand's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was NZ$8,753 Mil. Air New Zealand's debt to asset for the quarter that ended in Dec. 2023 was 0.35.

Air New Zealand Debt-to-Asset Historical Data

The historical data trend for Air New Zealand'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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Air New Zealand Debt-to-Asset Chart

Air New Zealand Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Asset

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0.34

0.49

0.40

0.36

Air New Zealand 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															0.52	0.40	0.39	0.36	0.35

Competitive Comparison of Air New Zealand's Debt-to-Asset

For the Airlines subindustry, Air New Zealand'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.

Air New Zealand's Debt-to-Asset Distribution in the Transportation Industry

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

* The bar in red indicates where Air New Zealand's Debt-to-Asset falls into.

Air New Zealand Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Air New Zealand'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
	=	(545	+	2790)	/	9195
	=	0.36

Air New Zealand'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
	=	(525	+	2522)	/	8753
	=	0.35

Air New Zealand (NZSE:AIR) 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.

Air New Zealand Debt-to-Asset Related Terms

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Air New Zealand (NZSE:AIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air New Zealand Ltd (NZSE:AIR) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

ANZLY:USA ANZFF:USA BZU:Germany AIZ:Australia

Address

185 Fanshawe Street, Air New Zealand House, Auckland, NTL, NZL, 1010

Website

https://www.airnewzealand.co.nz

Air New Zealand, majority owned by the New Zealand Government, provides air passenger and cargo transport services within New Zealand, as well as to and from Australia, the South-West Pacific, Asia, North America, the United Kingdom, and South America. Air New Zealand also encompasses business units providing engineering and ground handling services. Air New Zealand dominates the local market, with around 80% market share, although the majority of revenue is derived from international and trans-Tasman activity.