Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Spirit Airlines's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,134 Mil. Spirit Airlines's Total Assets for the quarter that ended in Dec. 2023 was $9,417 Mil.
Therefore, Spirit Airlines's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.12.
The historical rank and industry rank for Spirit Airlines's Equity-to-Asset or its related term are showing as below:
SAVE'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.12 Med: 0.35 Max: 0.63
Current: 0.12
During the past 13 years, the highest Equity to Asset Ratio of Spirit Airlines was 0.63. The lowest was 0.12. And the median was 0.35.
SAVE's Equity-to-Asset is ranked worse than 90.7% of 979
companies
in the Transportation industry
Industry Median: 0.49
vs SAVE: 0.12
Spirit Airlines Equity-to-Asset Historical Data
The historical data trend for Spirit Airlines's Equity-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.
Competitive Comparison of Spirit Airlines's Equity-to-Asset
For the Airlines subindustry, Spirit Airlines's Equity-to-Asset, along with its competitors' market caps and Equity-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.
Spirit Airlines's Equity-to-Asset Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Spirit Airlines's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Spirit Airlines's Equity-to-Asset falls into.
Spirit Airlines Equity-to-Asset Calculation
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 stockholders equity by total asset.
Spirit Airlines's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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 ROE % 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 Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Spirit Airlines's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Spirit Airlines (Spirit Airlines) Business Description
Spirit Airlines Inc serves the United States, Latin America, and Caribbean as an airline operator. It primarily offers customers unbundled base fares to strip out any unneeded travel amenities. If needed, a customer can elect for additional options at an extra charge. Flight crews are entirely interchangeable across all aircraft, and maintenance and other support services are simplified due to not having an overly complex fleet. The company has one operating segment, air transportation, owing to its system wide route structure. It may decide to expand its network if a market is underserved or overpriced. The majority of revenue is derived from the United States.
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