Jet2 (DRTGF) Debt-to-Asset : 0.27 (As of Sep. 2023)

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What is Jet2 Debt-to-Asset?

Jet2's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $227 Mil. Jet2's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1,498 Mil. Jet2's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2023 was $6,502 Mil. Jet2's debt to asset for the quarter that ended in Sep. 2023 was 0.27.

Jet2 Debt-to-Asset Historical Data

The historical data trend for Jet2's Debt-to-Asset 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.

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Jet2 Debt-to-Asset Chart

Jet2 Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Asset

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0.38

0.34

0.46

0.39

0.30

Jet2 Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Asset	Get a 7-Day Free Trial															0.50	0.39	0.34	0.30	0.27

Competitive Comparison of Jet2's Debt-to-Asset

For the Travel Services subindustry, Jet2's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Jet2's Debt-to-Asset Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Jet2's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Jet2's Debt-to-Asset falls into.

Jet2 Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Jet2's Debt-to-Asset for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(276.335	+	1392.354)	/	5492.84
	=	0.30

Jet2's Debt-to-Asset for the quarter that ended in Sep. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(227.104	+	1497.772)	/	6501.609
	=	0.27

Jet2 (OTCPK:DRTGF) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Jet2 Debt-to-Asset Related Terms

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Jet2 (DRTGF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jet2 PLC (OTCPK:DRTGF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

JET2:UK JET2:UK DG1:Germany

Address

Low Fare Finder House, Leeds Bradford Airport, Leeds, GBR, LS19 7TU

Website

https://www.jet2plc.com

Jet2 PLC provides licensed packages for leisure flights and stays at a multitude of vacation destinations. The company reports in one operating segment: leisure travel. The leisure travel segment delivers scheduled flights by its airline, Jet2.com, to the Mediterranean, Canary Islands, and other European vacation destinations. It utilizes licensed package holidays by its tour operator, Jet2holidays, to offer hotel accommodations and other useful amenities. It revenue through Package holidays and operates mainly in United Kingdom.