flyExclusive (flyExclusive) Cash-to-Debt : 0.20 (As of Sep. 2023)

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What is flyExclusive Cash-to-Debt?

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. flyExclusive's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.20.

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, flyExclusive couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for flyExclusive's Cash-to-Debt or its related term are showing as below:

FLYX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 0.27 Max: 0.31
Current: 0.27

During the past 4 years, flyExclusive's highest Cash to Debt Ratio was 0.31. The lowest was 0.18. And the median was 0.27.

FLYX's Cash-to-Debt is ranked worse than
64.11% of 953 companies
in the Transportation industry
Industry Median: 0.49 vs FLYX: 0.27

flyExclusive Cash-to-Debt Historical Data

The historical data trend for flyExclusive'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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flyExclusive Cash-to-Debt Chart

flyExclusive Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

0.18

0.31

0.27

flyExclusive Quarterly Data
	Dec20	Dec21	Mar22	Dec22	Mar23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	0.31	0.27	0.20	0.27

Competitive Comparison of flyExclusive's Cash-to-Debt

For the Airlines subindustry, flyExclusive'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.

flyExclusive's Cash-to-Debt Distribution in the Transportation Industry

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

* The bar in red indicates where flyExclusive's Cash-to-Debt falls into.

flyExclusive 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.

flyExclusive's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	82.856	/	(77.713	+	234.918)
	=	0.27

flyExclusive's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	81.413	/	(115.182	+	283.287)
	=	0.20

flyExclusive (AMEX:FLYX) 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.

flyExclusive Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of flyExclusive's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

flyExclusive (flyExclusive) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » flyExclusive Inc (AMEX:FLYX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2860 Jetport Road, Kinston, NC, USA, 28504

Website

https://www.flyexclusive.com

flyExclusive Inc is a premier owner and operator of curated private aviation experiences dedicated to surpassing passenger expectations for quality, convenience, and safety. its mission is to be the world's most vertically integrated private aviation company through capital-efficient program growth, an industry-leading pricing model, optimal dispatch availability, in-house training, and a controlled premium customer experience on modernized aircraft. The company had over 90 aircraft in its owned and leased fleet which includes light, midsize, super-midsize, and large jets. As one of the nation's largest Citation operators, it has curated a versatile fleet of Citation CJ3/CJ3 plus, Citation Excel/XLS/XLS plus, Citation Encore/Encore plus, Citation Sovereign, and Citation X aircraft.

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