Cathay Pacific Airways (CTYA) Ratios
Cathay Pacific Airways Ratios
DE:CTYA's free cash flow for Q2 2026 was $10.06B. For the 2026 fiscal year, DE:CTYA's free cash flow was decreased by $-3.72B and operating cash flow was $13.78B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.38 | 0.38 | 0.50 | 0.61 | 0.67 |
| Quick Ratio | 0.35 | 0.36 | 0.48 | 0.58 | 0.64 |
| Cash Ratio | 0.14 | 0.11 | 0.17 | 0.17 | 0.20 |
| Solvency Ratio | 0.20 | 0.15 | 0.19 | 0.00 | 0.01 |
| Operating Cash Flow Ratio | 0.44 | 0.47 | 0.58 | 0.41 | 0.20 |
| Short-Term Operating Cash Flow Coverage | 2.53 | 3.17 | 4.62 | 2.10 | 0.55 |
| Net Current Asset Value | $ -94.39B | $ -99.49B | $ -91.33B | $ -90.69B | $ -95.48B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.33 | 0.40 | 0.39 | 0.43 | 0.46 |
| Debt-to-Equity Ratio | 0.98 | 1.30 | 1.14 | 1.21 | 1.24 |
| Debt-to-Capital Ratio | 0.50 | 0.57 | 0.53 | 0.55 | 0.55 |
| Long-Term Debt-to-Capital Ratio | 0.27 | 0.39 | 0.36 | 0.36 | 0.35 |
| Financial Leverage Ratio | 2.95 | 3.26 | 2.90 | 2.83 | 2.72 |
| Debt Service Coverage Ratio | 1.85 | 1.78 | 2.69 | 0.84 | 0.37 |
| Interest Coverage Ratio | 4.44 | 3.57 | 3.82 | 1.15 | -0.58 |
| Debt to Market Cap | 0.40 | 0.56 | 0.63 | 0.79 | 1.35 |
| Interest Debt Per Share | 47.58 | 48.76 | 46.42 | 62.24 | 71.72 |
| Net Debt to EBITDA | 1.94 | 2.94 | 2.23 | 6.82 | 12.73 |
| Profitability Margins | |||||
| Gross Profit Margin | 17.55% | 31.21% | 21.91% | 40.00% | 6.96% |
| EBIT Margin | 12.05% | 12.63% | 15.68% | 6.80% | -1.23% |
| EBITDA Margin | 22.42% | 20.55% | 28.73% | 20.06% | 14.01% |
| Operating Profit Margin | 12.05% | 13.34% | 16.01% | 6.80% | -3.17% |
| Pretax Profit Margin | 10.54% | 10.73% | 11.49% | -11.98% | -13.29% |
| Net Profit Margin | 9.27% | 9.47% | 10.36% | -12.98% | -12.12% |
| Continuous Operations Profit Margin | 9.27% | 9.47% | 10.36% | -12.98% | -12.12% |
| Net Income Per EBT | 87.96% | 88.26% | 90.15% | 108.31% | 91.23% |
| EBT Per EBIT | 87.47% | 80.44% | 71.79% | -176.17% | 419.75% |
| Return on Assets (ROA) | 6.11% | 5.77% | 5.62% | -3.66% | -2.81% |
| Return on Equity (ROE) | 17.98% | 18.83% | 16.31% | -10.37% | -7.65% |
| Return on Capital Employed (ROCE) | 11.91% | 11.51% | 11.76% | 2.52% | -0.94% |
| Return on Invested Capital (ROIC) | 9.37% | 9.27% | 9.80% | 2.28% | -0.75% |
| Return on Tangible Assets | 6.64% | 6.31% | 6.13% | -3.99% | -3.04% |
| Earnings Yield | 13.38% | 13.72% | 15.76% | -11.54% | -13.53% |
| Efficiency Ratios | |||||
| Receivables Turnover | 21.39 | 15.30 | 21.06 | 8.75 | 5.50 |
| Payables Turnover | 10.09 | 9.60 | 9.97 | 7.99 | 27.15 |
| Inventory Turnover | 51.57 | 51.80 | 76.30 | 37.80 | 33.42 |
| Fixed Asset Turnover | 0.99 | 0.90 | 0.84 | 0.43 | 0.37 |
| Asset Turnover | 0.66 | 0.61 | 0.54 | 0.28 | 0.23 |
| Working Capital Turnover Ratio | -3.45 | -3.88 | -4.75 | -3.26 | -2.73 |
| Cash Conversion Cycle | -12.04 | -7.13 | -14.47 | 5.70 | 63.90 |
| Days of Sales Outstanding | 17.07 | 23.85 | 17.33 | 41.74 | 66.42 |
| Days of Inventory Outstanding | 7.08 | 7.05 | 4.78 | 9.66 | 10.92 |
| Days of Payables Outstanding | 36.18 | 38.03 | 36.59 | 45.69 | 13.44 |
| Operating Cycle | 24.14 | 30.90 | 22.12 | 51.39 | 77.34 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 19.65 | 15.86 | 16.97 | 13.85 | 6.86 |
| Free Cash Flow Per Share | 12.15 | 9.66 | 12.60 | 10.96 | 5.09 |
| Dividend Paid and CapEx Coverage Ratio | 1.80 | 1.71 | 3.01 | 4.78 | 3.88 |
| Capital Expenditure Coverage Ratio | 2.62 | 2.56 | 3.88 | 4.78 | 3.88 |
| Operating Cash Flow Coverage Ratio | 0.44 | 0.34 | 0.39 | 0.23 | 0.10 |
| Operating Cash Flow to Sales Ratio | 0.22 | 0.23 | 0.28 | 0.35 | 0.19 |
| Free Cash Flow Yield | 19.69% | 19.89% | 31.57% | 24.57% | 16.06% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 7.48 | 7.29 | 6.34 | -8.67 | -7.39 |
| Price-to-Sales (P/S) Ratio | 0.69 | 0.69 | 0.66 | 1.12 | 0.90 |
| Price-to-Book (P/B) Ratio | 1.34 | 1.37 | 1.03 | 0.90 | 0.57 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 5.08 | 5.03 | 3.17 | 4.07 | 6.23 |
| Price-to-Operating Cash Flow Ratio | 3.14 | 3.06 | 2.35 | 3.22 | 4.62 |
| Price-to-Earnings Growth (PEG) Ratio | 0.31 | 1.28 | -0.03 | -0.48 | 0.10 |
| Enterprise Value Multiple | 5.03 | 6.30 | 4.51 | 12.42 | 19.13 |
| Enterprise Value | 131.39B | 135.09B | 122.50B | 127.17B | 122.13B |
| EV to EBITDA | 5.03 | 6.30 | 4.51 | 12.42 | 19.13 |
| EV to Sales | 1.13 | 1.29 | 1.30 | 2.49 | 2.68 |
| EV to Free Cash Flow | 8.26 | 9.42 | 6.25 | 9.01 | 18.62 |
| EV to Operating Cash Flow | 5.11 | 5.74 | 4.64 | 7.13 | 13.82 |
| Tangible Book Value Per Share | 34.99 | 25.66 | 29.24 | 38.14 | 44.45 |
| Shareholders’ Equity Per Share | 45.93 | 35.37 | 38.57 | 49.62 | 56.11 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.12 | 0.12 | 0.10 | -0.08 | 0.09 |
| Revenue Per Share | 89.08 | 70.31 | 60.70 | 39.64 | 35.41 |
| Net Income Per Share | 8.26 | 6.66 | 6.29 | -5.14 | -4.29 |
| Tax Burden | 0.88 | 0.88 | 0.90 | 1.08 | 0.91 |
| Interest Burden | 0.87 | 0.85 | 0.73 | -1.76 | 10.82 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.01 | 0.01 | 0.02 |
| Income Quality | 2.38 | 2.38 | 1.75 | 5.03 | -6.12 |
Currency in HKD
