SAVEQ (Spirit Airlines) Total Current Assets : $1,780 Mil (As of Mar. 2025)

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What is Spirit Airlines Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Spirit Airlines's total current assets for the quarter that ended in Mar. 2025 was $1,780 Mil.

Spirit Airlines Total Current Assets Historical Data

The historical data trend for Spirit Airlines's Total Current 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.

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Spirit Airlines Total Current Assets Chart

Spirit Airlines Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Current Assets

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2,355.98

1,842.49

1,993.98

1,512.13

2,109.12

Spirit Airlines Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Total Current Assets	Get a 7-Day Free Trial															1,488.41	1,425.27	1,217.19	2,109.12	1,779.65

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. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1020.391	+	178.955	+	0	+	909.776
	=	2,109

Spirit Airlines's Total Current Assets for the quarter that ended in Mar. 2025 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	607.11	+	211.932	+	0	+	960.607
	=	1,780

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 (OTCPK:SAVEQ) 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 Mar. 2025 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	607.11	-	8186.705	+	0.75 * 211.932	+	0.5 * 0
=	-7,421

Spirit Airlines Total Current Assets Related Terms

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Spirit Airlines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Spirit Airlines Inc (OTCPK:SAVEQ) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

FLYY:USA

Address

1731 Radiant Drive, Dania Beach, FL, USA, 33004

Website

https://www.spirit.com

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