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Spirit Airlines Inc (NAS:SAVE)
Total Equity
$1,003 Mil (As of Dec. 2014)

Spirit Airlines Inc's total equity for the quarter that ended in Dec. 2014 was $1,003 Mil.

Total equity is used to calculate book value per share. Spirit Airlines Inc's book value per share for the quarter that ended in Dec. 2014 was $13.78. The ratio of a company’s debt over equity can be used to measure how leveraged this company is. Spirit Airlines Inc's debt to equity ratio for the quarter that ended in Dec. 2014 was 0.15.


Definition

Total Equity refers to the net assets owned by shareholders.

Total Equity and Total Liabilities are the two components for Total Assets.

Spirit Airlines Inc's Total Equity for the fiscal year that ended in Dec. 2014 is calculated as

Total Equity=Total Assets(Q: Dec. 2014 )-Total Liabilities(Q: Dec. 2014 )
=1602.981-599.906
=1,003

Spirit Airlines Inc's Total Equity for the quarter that ended in Dec. 2014 is calculated as

Total Equity=Total Assets(Q: Dec. 2014 )-Total Liabilities(Q: Dec. 2014 )
=1602.981-599.906
=1,003

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

1. Total equity is used to calculate book value per share.

Spirit Airlines Inc's Book Value Per Share for the quarter that ended in Dec. 2014 is

2. The ratio of a company’s debt over equity can be used to measure how leveraged this company is.

Spirit Airlines Inc's Debt to Equity Ratio for the quarter that ended in Dec. 2014 is

Debt to Equity=Total Debt / Total Equity
=(Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity
=(10.431 + 135.817) / 1003.075
=0.15

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Total Assets, Total Liabilities, Preferred Stock, Common Stock, Retained Earnings, Treasury Stock, Book Value per Share, Total Shares Outstanding, Current Portion of Long-Term Debt, Long-Term Debt, Additional Paid-In Capital


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Spirit Airlines Inc Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13Dec14
Total Equity 000-262-178-1054675837691,003

Spirit Airlines Inc Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
Total Equity 5605836156587247698098769451,003
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