Air Astana JSC (LSE:AIRA) Liabilities-to-Assets : 0.78 (As of Mar. 2024)

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What is Air Astana JSC Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Air Astana JSC's Total Liabilities for the quarter that ended in Mar. 2024 was $1,170.9 Mil. Air Astana JSC's Total Assets for the quarter that ended in Mar. 2024 was $1,494.5 Mil. Therefore, Air Astana JSC's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 was 0.78.

Air Astana JSC Liabilities-to-Assets Historical Data

The historical data trend for Air Astana JSC's Liabilities-to-Assets 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 Astana JSC Liabilities-to-Assets Chart

Air Astana JSC Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Liabilities-to-Assets

0.98

0.94

0.88

0.84

Air Astana JSC Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Liabilities-to-Assets	Get a 7-Day Free Trial			0.88	-	0.84	0.84	0.78

Competitive Comparison of Air Astana JSC's Liabilities-to-Assets

For the Airlines subindustry, Air Astana JSC's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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 Astana JSC's Liabilities-to-Assets Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Air Astana JSC's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Air Astana JSC's Liabilities-to-Assets falls into.

Air Astana JSC Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Air Astana JSC's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Liabilities-to-Assets (A: Dec. 2023 )	=	Total Liabilities	/	Total Assets
	=	1147.719	/	1360.824
	=	0.84

Air Astana JSC's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 is calculated as

Liabilities-to-Assets (Q: Mar. 2024 )	=	Total Liabilities	/	Total Assets
	=	1170.895	/	1494.521
	=	0.78

Air Astana JSC (LSE:AIRA) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.

Air Astana JSC Liabilities-to-Assets Related Terms

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Air Astana JSC (LSE:AIRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air Astana JSC (LSE:AIRA) » Definitions » Liabilities-to-Assets

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Traded in Other Exchanges

AIRA:Kazakhstan

Address

4A Zakarpatskaya Street, Turksib District, Almaty, KAZ, 010000

Website

https://www.airastana.com

Air Astana JSC is an airline company. It provides scheduled, point-to-point and transit, short-haul and long-haul air travel and cargo on domestic, intra-regional, and international routes across Central Asia, the Caucasus, Europe (including Turkey), the Middle East and Asia (including India and China) and has a fleet of 47 aircraft. The company group has two operating segments, Air Astana and FlyArystan. Air Astana's activities consist of mainly domestic and international passenger and cargo air transportation as a full-service brand. Fly Arystan activities consist of mainly domestic and international passenger and cargo air transportation as a low-cost brand. Maximum revenue is generated from the Air Astana segment.

Air Astana JSC (LSE:AIRA) Headlines

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