|Bid||6.42 x 1000|
|Ask||6.47 x 1000|
|Day's Range||6.34 - 6.57|
|52 Week Range||2.05 - 9.03|
|Beta (5Y Monthly)||3.13|
|PE Ratio (TTM)||8.34|
|Earnings Date||Feb 09, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.00|
PHOENIX, Jan. 18, 2021 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) will release its first quarter earnings for fiscal year 2021 after the market closes on Tuesday, February 9. The company will also host a conference call to discuss the results on February 9 at 4:30 pm Eastern Time. The call can be accessed by dialing 888-469-2054 and entering the passcode: PHOENIX (7463649). There will also be a listen-only webcast on Mesa’s website (https://edge.media-server.com/mmc/p/ayfjv9i9). A recorded version will be available on Mesa’s website approximately two hours after the call (http://investor.mesa-air.com). About Mesa Air Group, Inc.Headquartered in Phoenix, Arizona, Mesa Air Group, Inc. is the holding company of Mesa Airlines, a regional air carrier providing scheduled passenger service to 116 cities in 42 states, the District of Columbia, the Bahamas, and Mexico as well as cargo services out of Cincinnati/Northern Kentucky International Airport. As of December 31st, 2020, Mesa has a fleet of 161 aircraft with approximately 420 daily departures and 3,200 employees. Mesa operates all of its flights as either American Eagle, United Express, or DHL Express flights pursuant to the terms of capacity purchase agreements entered into with American Airlines, Inc., United Airlines, Inc., and DHL. Investor RelationsBrian Gillmaninvestor@mesa-air.com MediaMatthew Harrismedia@mesa-air.com
A look at the shareholders of Mesa Air Group, Inc. ( NASDAQ:MESA ) can tell us which group is most powerful...
Shares of Mesa Air Group (NASDAQ:MESA) moved higher by 108.04% in the past three months. Before having a look at the importance of debt, let us look at how much debt Mesa Air Group has.Mesa Air Group's Debt Based on Mesa Air Group's financial statement as of December 14, 2020, long-term debt is at $542.46 million and current debt is at $189.27 million, amounting to $731.72 million in total debt. Adjusted for $99.39 million in cash-equivalents, the company's net debt is at $632.33 million.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.To understand the degree of financial leverage a company has, shareholders look at the debt ratio. Considering Mesa Air Group's $1.50 billion in total assets, the debt-ratio is at 0.49. 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 40% might be higher for one industry and average for another.Why Shareholders 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, due to interest-payment obligations, cash-flow of a company can be impacted. 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 Benzinga * Click here for options trades from Benzinga * 5 Value Stocks In The Industrials Sector(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.