|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||61.88 - 66.70|
|52 Week Range||20.02 - 68.99|
|Beta (5Y Monthly)||1.86|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 14, 2020|
|1y Target Est||N/A|
Helane Becker, Cowen Analyst joins Yahoo Finance’s Live panel to discuss the outlook for summer travel season as COVID-19 vaccinations ramp up.
Over the past three months, shares of Alaska Air Group (NYSE:ALK) rose by 23.21%. Before we understand the importance of debt, let us look at how much debt Alaska Air Group has. Alaska Air Group's Debt Based on Alaska Air Group's balance sheet as of November 5, 2020, long-term debt is at $2.67 billion and current debt is at $1.15 billion, amounting to $3.82 billion in total debt. Adjusted for $1.85 billion in cash-equivalents, the company's net debt is at $1.97 billion. Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. Cash equivalents include cash and any liquid securities with maturity periods of 90 days or less. Total debt equals current debt plus long-term debt minus cash equivalents. Investors look at the debt-ratio to understand how much financial leverage a company has. Alaska Air Group has $14.75 billion in total assets, therefore making the debt-ratio 0.26. As a rule of thumb, a debt-ratio more than one indicates that a considerable portion of debt is funded by assets. A higher debt-ratio can also imply that the company might be putting itself at risk for default, if interest rates were to increase. However, debt-ratios vary widely across different industries. A debt ratio of 35% might be higher for one industry and average for another. Why Investors Look At Debt? Besides equity, debt is an important factor in the capital structure of a company, and contributes to its growth. Due to its lower financing cost compared to equity, it becomes an attractive option for executives trying to raise capital. However, interest-payment obligations can have an adverse impact on the cash-flow of the company. Having financial leverage also allows companies to use additional capital for business operations, allowing equity owners to retain excess profit, generated by the debt capital. Looking for stocks with low debt-to-equity ratios? Check out Benzinga Pro, a market research platform which provides investors with near-instantaneous access to dozens of stock metrics - including debt-to-equity ratio. Click here to learn more. See more from BenzingaClick here for options trades from BenzingaBenzinga's Top Ratings Upgrades, Downgrades For February 22, 2021© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Boeing scored new orders as airlines eye post-pandemic growth, but China still hasn't cleared the 737 Max to return.