Switch to:

Spirit Airlines Scaled Net Operating Assets

: 0.65 (As of Sep. 2019)
View and export this data going back to 2011. Start your Free Trial

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 Sep. 2019 was $5,535 Mil. Spirit Airlines's operating liabilities for the quarter that ended in Sep. 2019 was $1,198 Mil. Spirit Airlines's Total Assets for the quarter that ended in Jun. 2019 was $6,663 Mil. Therefore, Spirit Airlines's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2019 was 0.65.

Spirit Airlines Scaled Net Operating Assets Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Spirit Airlines Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Scaled Net Operating Assets Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.44 0.67 0.62 0.75 0.73

Spirit Airlines Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
Scaled Net Operating Assets 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 Premium Member Only Premium Member Only Premium Member Only 0.62 0.63 0.77 0.66 0.65
Competitive Comparison
* 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.

Spirit Airlines Scaled Net Operating Assets Distribution

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


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. 2018 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2018 )
=(Operating Assets (A: Dec. 2018 )-Operating Liabilities (A: Dec. 2018 ))/Total Assets (A: Dec. 2017 )
=(4057.935-1048.622)/4145.8
=0.73

where

Operating Assets(A: Dec. 2018 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5165.457 - 1107.522
=4057.935

Operating Liabilities(A: Dec. 2018 )
=Total Liabilities - Minority Interest - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3236.953 - 0 - 2024.774 - 163.557
=1048.622

Spirit Airlines's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2019 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2019 )
=(Operating Assets (Q: Sep. 2019 )-Operating Liabilities (Q: Sep. 2019 ))/Total Assets (Q: Jun. 2019 )
=(5534.744-1198.291)/6662.781
=0.65

where

Operating Assets(Q: Sep. 2019 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6575.214 - 1040.47
=5534.744

Operating Liabilities(Q: Sep. 2019 )
=Total Liabilities - Minority Interest - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4395.127 - 0 - 2884.878 - 311.958
=1198.291

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Spirit Airlines Scaled Net Operating Assets Headlines

From GuruFocus

Spirit Airlines Wins Low Cost Airline of the Year at CAPA World Aviation Awards
Spirit Airlines Wins Low Cost Airline of the Year at CAPA World Aviation Awards

By Marketwired about SAVE 2019-12-06 11:04:05

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)