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Spirit Airlines Total Current Assets

: $1,403 Mil (As of Sep. 2019)
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Total current assets includes Cash And Cash Equivalents, Accounts Receivable, Total Inventories, and Other Current Assets. Spirit Airlines's total current assets for the quarter that ended in Sep. 2019 was $1,403 Mil.

Spirit Airlines Total Current 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
Total Current Assets Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 721.50 1,026.34 975.85 1,282.11 1,345.47

Spirit Airlines Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
Total Current 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 1,206.11 1,345.47 1,516.76 1,520.69 1,403.28

Spirit Airlines Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

Spirit Airlines's Total Current Assets for the fiscal year that ended in Dec. 2018 is calculated as

Total Current Assets=Cash And Cash Equivalents+Accounts Receivable+Total Inventories+Other Current Assets
=1107.522+47.66+0+190.284
=1,345

Spirit Airlines's Total Current Assets for the quarter that ended in Sep. 2019 is calculated as

Total Current Assets=Cash And Cash Equivalents+Accounts Receivable+Total Inventories+Other Current Assets
=1040.47+71.372+0+269.747
=1,382

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

Total Current Assets is linked to the Current Ratio, which is the result of dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Spirit Airlines  (NYSE:SAVE) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

Spirit Airlines's Liquidation Value for the quarter that ended in Sep. 2019 is

Liquidation value
= Cash And Cash Equivalents-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=1040.47-4395.127+0.75 * 71.372+0.5 * 0
=-3,301

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

Spirit Airlines Total Current Assets Related Terms

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