Frontier Group Holdings (Frontier Group Holdings) Cash-to-Debt : 0.18 (As of Dec. 2023)

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What is Frontier Group Holdings 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. Frontier Group Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.18.

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, Frontier Group Holdings 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 Frontier Group Holdings's Cash-to-Debt or its related term are showing as below:

ULCC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.31 Max: 2.49
Current: 0.18

During the past 9 years, Frontier Group Holdings's highest Cash to Debt Ratio was 2.49. The lowest was 0.15. And the median was 0.31.

ULCC's Cash-to-Debt is ranked worse than
73.71% of 966 companies
in the Transportation industry
Industry Median: 0.49 vs ULCC: 0.18

Frontier Group Holdings Cash-to-Debt Historical Data

The historical data trend for Frontier Group Holdings'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.

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Frontier Group Holdings Cash-to-Debt Chart

Frontier Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.31

0.15

0.32

0.26

0.18

Frontier Group Holdings Quarterly Data
	Dec16	Mar17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.26	0.26	0.25	0.19	0.18

Competitive Comparison of Frontier Group Holdings's Cash-to-Debt

For the Airlines subindustry, Frontier Group Holdings'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.

Frontier Group Holdings's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Frontier Group Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Frontier Group Holdings's Cash-to-Debt falls into.

Frontier Group Holdings 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.

Frontier Group Holdings's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	609	/	(800	+	2659)
	=	0.18

Frontier Group Holdings's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	609	/	(800	+	2659)
	=	0.18

Frontier Group Holdings (NAS:ULCC) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Frontier Group Holdings Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Frontier Group Holdings's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Frontier Group Holdings (Frontier Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Frontier Group Holdings Inc (NAS:ULCC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4545 Airport Way, Denver, CO, USA, 80239

Website

https://www.FlyFrontier.com

Frontier Group Holdings Inc is an ultra low-cost carrier whose business is focused on Low Fares Done Right. The company owns fleet of 120 Airbus single-aisle aircraft, consisting of 13 A320ceos, 82 A320neos, 21 A321ceos and 4 A321neos. The use of these aircraft, its seating configuration, weight-saving tactics and baggage process have all contributed to ability to continue to be the fuel-efficient of all the U.S. The Company is managed as a single business unit that provides air transportation for passengers.

Executives

James G. Dempsey	officer: EVP & Chief Financial Officer	C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238
Howard Diamond	officer: SVP, GC & Secretary	C/O FRONTIER AIRLINES, 7001 TOWER ROAD, DENVER CO 80249
Rajat Khanna	officer: See Remarks	C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80239
Barry Biffle	director, officer: See Remarks	C/O SPIRIT AIRLINES, 2800 EXECUTIVE WAY, MIRAMAR FL 30325
Jacob F. Filene	officer: See Remarks	C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238
Daniel M. Shurz	officer: See Remarks	C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238
Josh A Wetzel	officer: VP & CAO	C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80239
Ofelia Kumpf	director	C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238
Mark Christopher Mitchell	officer: Chief Accounting Officer	C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238
Robert J. Genise	director	C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238
Indigo Frontier Holdings Company, Llc	10 percent owner	C/O INDIGO PARTNERS, 2525 EAST CAMELBACK ROAD, SUITE 900, PHOENIX AZ 85016
Josh T. Connor	director	C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238
Patricia Salas Pineda	director	C/O LEVI STRAUSS & CO., 1155 BATTERY STREET, SAN FRANCISCO CA 94111
William A Franke	director, 10 percent owner
Trevor J. Stedke	officer: See Remarks	C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238