flyExclusive (flyExclusive) Debt-to-Equity : -7.56 (As of Sep. 2023)

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What is flyExclusive Debt-to-Equity?

flyExclusive's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $115.18 Mil. flyExclusive's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $283.29 Mil. flyExclusive's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-52.72 Mil. flyExclusive's debt to equity for the quarter that ended in Sep. 2023 was -7.56.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for flyExclusive's Debt-to-Equity or its related term are showing as below:

FLYX.WS' s Debt-to-Equity Range Over the Past 10 Years
Min: -58.72 Med: -14.7 Max: 6.72
Current: 6.72

During the past 4 years, the highest Debt-to-Equity Ratio of flyExclusive was 6.72. The lowest was -58.72. And the median was -14.70.

FLYX.WS's Debt-to-Equity is ranked worse than
97.51% of 882 companies
in the Transportation industry
Industry Median: 0.56 vs FLYX.WS: 6.72

flyExclusive Debt-to-Equity Historical Data

The historical data trend for flyExclusive's Debt-to-Equity 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.

* Premium members only.

flyExclusive Debt-to-Equity Chart

flyExclusive Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

-14.70

-58.72

6.72

flyExclusive Quarterly Data
	Dec20	Dec21	Mar22	Dec22	Mar23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			N/A	-58.72	-9.45	-7.56	6.72

Competitive Comparison of flyExclusive's Debt-to-Equity

For the Airlines subindustry, flyExclusive's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

flyExclusive's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, flyExclusive's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where flyExclusive's Debt-to-Equity falls into.

flyExclusive Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

flyExclusive's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(77.713	+	234.918)	/	46.53
	=	6.72

flyExclusive's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(115.182	+	283.287)	/	-52.72
	=	-7.56

flyExclusive (AMEX:FLYX.WS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

flyExclusive Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of flyExclusive's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

flyExclusive (flyExclusive) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » flyExclusive Inc (AMEX:FLYX.WS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FLYX:USA

Address

2860 Jetport Road, Kinston, NC, USA, 28504

Website

https://www.flyexclusive.com

flyExclusive Inc is a premier owner and operator of curated private aviation experiences dedicated to surpassing passenger expectations for quality, convenience, and safety. its mission is to be the world's most vertically integrated private aviation company through capital-efficient program growth, an industry-leading pricing model, optimal dispatch availability, in-house training, and a controlled premium customer experience on modernized aircraft. The company had over 90 aircraft in its owned and leased fleet which includes light, midsize, super-midsize, and large jets. As one of the nation's largest Citation operators, it has curated a versatile fleet of Citation CJ3/CJ3 plus, Citation Excel/XLS/XLS plus, Citation Encore/Encore plus, Citation Sovereign, and Citation X aircraft.

flyExclusive (flyExclusive) Headlines

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