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Equity to Asset ratio is calculated as shareholders tangible equity divided by its total asset. Spirit Airlines Inc's total equity for the quarter that ended in Jun. 2014 was $876 Mil. Spirit Airlines Inc's total assets for the quarter that ended in Jun. 2014 was $1,350 Mil. Therefore, Spirit Airlines Inc's Equity to Asset Ratio for the quarter that ended in Jun. 2014 was 0.65.
During the past 6 years, the highest Equity to Asset Ratio of Spirit Airlines Inc was 0.65. The lowest was -0.54. And the median was 0.60.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total shareholders' equity by total assets.
Spirit Airlines Inc's Equity to Asset Ratio for the fiscal year that ended in Dec. 2013 is calculated as
Spirit Airlines Inc's Equity to Asset Ratio for the quarter that ended in Jun. 2014 is calculated as
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher Return on Equity because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Spirit Airlines Inc Annual Data
Spirit Airlines Inc Quarterly Data