Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Spirit Airlines's share price for the quarter that ended in Dec. 2023 was $16.39. Spirit Airlines's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 109 Mil. Therefore, Spirit Airlines's market cap for the quarter that ended in Dec. 2023 was $1,791 Mil.
Spirit Airlines's quarterly market cap
declined
from Jun. 2023 ($1,873 Mil) to Sep. 2023 ($1,801 Mil) and
declined
from Sep. 2023 ($1,801 Mil) to Dec. 2023 ($1,791 Mil).
Spirit Airlines's annual market cap
declined
from Dec. 2021 ($2,369 Mil) to Dec. 2022 ($2,122 Mil) and
declined
from Dec. 2022 ($2,122 Mil) to Dec. 2023 ($1,791 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Spirit Airlines's Enterprise Value for Today is $6,380 Mil.
Spirit Airlines Market Cap Historical Data
The historical data trend for Spirit Airlines's Market Cap 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.
For the Airlines subindustry, Spirit Airlines's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap Distribution
For the Transportation industry and Industrials sector, Spirit Airlines's Market Cap distribution charts can be found below:
* The bar in red indicates where Spirit Airlines's Market Cap falls into.
Spirit Airlines Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Spirit Airlines's Market Cap 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.
Spirit Airlines (NYSE:SAVE) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Spirit Airlines Market Cap Related Terms
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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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