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SAVEQ (Spirit Airlines) Scaled Net Operating Assets : 0.73 (As of Mar. 2025)


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What is Spirit Airlines Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Spirit Airlines's operating assets for the quarter that ended in Mar. 2025 was $8,303 Mil. Spirit Airlines's operating liabilities for the quarter that ended in Mar. 2025 was $1,298 Mil. Spirit Airlines's Total Assets for the quarter that ended in Dec. 2024 was $9,595 Mil. Therefore, Spirit Airlines's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2025 was 0.73.


Spirit Airlines Scaled Net Operating Assets Historical Data

The historical data trend for Spirit Airlines's Scaled Net Operating Assets 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.

Spirit Airlines Scaled Net Operating Assets Chart

Spirit Airlines Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.75 0.69 0.74 0.77 0.61

Spirit Airlines Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.78 0.78 0.81 0.60 0.73

Competitive Comparison of Spirit Airlines's Scaled Net Operating Assets

For the Airlines subindustry, Spirit Airlines's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Spirit Airlines's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Spirit Airlines's Scaled Net Operating Assets falls into.


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Spirit Airlines Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Spirit Airlines's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: Dec. 2023 )
=(8574.787-2860.737)/9417.237
=0.61

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9595.178 - 1020.391
=8574.787

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9675.312 - 6096.321 - 718.254
=2860.737

Spirit Airlines's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2025 )
=(Operating Assets (Q: Mar. 2025 )-Operating Liabilities (Q: Mar. 2025 ))/Total Assets (Q: Dec. 2024 )
=(8303.008-1297.766)/9595.178
=0.73

where

Operating Assets(Q: Mar. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8910.118 - 607.11
=8303.008

Operating Liabilities(Q: Mar. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8186.705 - 6431.348 - 457.591
=1297.766

* 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 Scaled Net Operating Assets Related Terms

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Spirit Airlines Business Description

Traded in Other Exchanges
Address
1731 Radiant Drive, Dania Beach, FL, USA, 33004
Spirit Aviation Holdings Inc is committed to safely delivering the best value in the sky by offering an enhanced travel experience with flexible, affordable options. Spirit serves destinations throughout the United States, Latin America and the Caribbean with its all-Airbus Fit Fleet, one of the youngest and most fuel-efficient fleets in the U.S. Discover elevated travel options with exceptional value.
Executives
Mark B Dunkerley director
Brian J. Mcmenamy officer: VP & Controller C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
H. Mcintyre Gardner director C/O SPIRIT AIRLINES, 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Melinda C Grindle officer: SVP & CHRO C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Christine P Richards director 942 SOUTH SHADY GROVE ROAD, MEMPHIS TN 38120
John A. Bendoraitis officer: EVP and COO C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Barclay G Jones director 50 ROCKEFELLER PLZ, 2ND FLOOR, NEW YORK NY 10020
Rocky Wiggins officer: SVP and CIO C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Thomas C Canfield officer: SVP, GC & Secretary C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Christie Edward M Iii officer: Chief Financial Officer S/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Myrna Soto director ONE ENERGY PLAZA, JACKSON MI 49201
Robert D Johnson director HONEYWELL, 1944 E SKY HARBOR CIRCLE, PHOENIX AZ 85034
Laurie Villa officer: SVP and CHRO C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Kevin Blake Vanier officer: VP of FP & A C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Matthew H Klein officer: SVP and CCO C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025