What is Jet AI Cash-to-Debt?
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Jet AI's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.99.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Jet AI couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.
The historical rank and industry rank for Jet AI's Cash-to-Debt or its related term are showing as below:
JTAI'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.75 Med: 0.99 Max: 3.3
Current: 0.99
During the past 3 years, Jet AI's highest Cash to Debt Ratio was 3.30. The lowest was 0.75. And the median was 0.99.
Jet AI Cash-to-Debt Historical Data
The historical data trend for Jet AI's Cash-to-Debt 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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Jet AI Cash-to-Debt Chart
|
Jet AI Annual Data
|
|
Trend |
Dec21 |
Dec22 |
Dec23 |
| Cash-to-Debt |
|
3.30 |
0.75 |
0.99 |
|
Jet AI Quarterly Data
|
|
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Cash-to-Debt |
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|
|
0.75 |
0.73 |
0.04 |
0.42 |
0.99 |
Competitive Comparison of Jet AI's Cash-to-Debt
For the Software - Application subindustry, Jet AI's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.
Jet AI's Cash-to-Debt Distribution in the Software Industry
For the Software industry and Technology sector, Jet AI's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Jet AI's Cash-to-Debt falls into.
Jet AI Cash-to-Debt Calculation
This is the ratio of a company's
Cash, Cash Equivalents, Marketable Securities
to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.
Jet AI's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
Jet AI's Cash to Debt Ratio for the quarter 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.
Jet AI (Jet AI) Business Description
Traded in Other Exchanges
N/A
Address
10845 Griffith Peak Drive, Suite 200, Las Vegas, NV, USA, 89135
Jet AI Inc is principally involved in the sale of jet cards, which enable holders to use certain aircraft owned, leased by, arranged and/or managed by Jet Token and others at agreed-upon rates, as well as the sale of fractional interests in aircraft; and the operation of a proprietary booking platform, which functions as a prospecting and quoting platform to arrange private jet travel with third party carriers as well as via Jet Token's leased and managed aircraft.
Executives
| Patrick Mcnulty |
officer: Chief Operating Officer |
10845 GRIFFITH PEAK DRIVE, SUITE 200, LAS VEGAS NV 89135 |
| George Iii Murnane |
director, officer: INTERIM CFO |
1945 AIRPORT ROAD SUIRE 200, ATLANTA GA 30341 |
| Ehud Talmor |
director |
10845 GRIFFITH PEAK DRIVE, SUITE 200, LAS VEGAS NV 89135 |
| Ran David |
director |
10845 GRIFFITH PEAK DRIVE, SUITE 200, LAS VEGAS NV 89135 |
| Michael D. Winston |
director, officer: EXEC. CHAIRMAN & INTERIM CEO |
10845 GRIFFITH PEAK DRIVE, SUITE 200, LAS VEGAS NV 89135 |
| Donald Jeffrey Woods |
director |
10845 GRIFFITH PEAK DRIVE, SUITE 200, LAS VEGAS NV 89135 |
| Jeffrey A Altman |
10 percent owner |
640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019 |
| Owl Creek Asset Management, L.p. |
10 percent owner |
640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019 |
| William L Yankus |
director |
10 PHEASANT HILL, FARMINGTON CT 06032 |
| Allan S. Martin |
director |
401 EAST JACKSON STREET, SUITE 2370, TAMPA FL 33601 |
| Sanjay Madhu |
director, officer: CEO, President and Chairman |
425 EAST DAVIS BLVD., TAMPA FL 33606 |
| Wrendon Timothy |
director, officer: CFO, Treas., Sec'y & Director |
P.O. BOX 469, CAMANA BAY E9 KY1-9006 |
| Oac Sponsor Ltd. |
10 percent owner |
SUITE 201, 42 EDWARD STREET, GEORGE TOWN, GRAND CAYMAN E9 KY1-9006 |
| Jason Tk Butcher |
director |
SUITE 201, 42 EDWARD STREET, GEORGE TOWN, GRAND CAYMAN E9 KY1-9006 |
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