Jet2 (LSE:JET2) Debt-to-Equity : 0.87 (As of Sep. 2023)

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What is Jet2 Debt-to-Equity?

Jet2's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £184 Mil. Jet2's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £1,210 Mil. Jet2's Total Stockholders Equity for the quarter that ended in Sep. 2023 was £1,600 Mil. Jet2's debt to equity for the quarter that ended in Sep. 2023 was 0.87.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Jet2's Debt-to-Equity or its related term are showing as below:

LSE:JET2' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 1.22 Max: 2.09
Current: 0.87

During the past 13 years, the highest Debt-to-Equity Ratio of Jet2 was 2.09. The lowest was 0.04. And the median was 1.22.

LSE:JET2's Debt-to-Equity is ranked worse than
65.6% of 689 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs LSE:JET2: 0.87

Jet2 Debt-to-Equity Historical Data

The historical data trend for Jet2's Debt-to-Equity 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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Jet2 Debt-to-Equity Chart

Jet2 Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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2.09

1.83

1.37

1.75

1.36

Jet2 Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															1.92	1.75	1.23	1.36	0.87

Competitive Comparison of Jet2's Debt-to-Equity

For the Travel Services subindustry, Jet2's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Jet2's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Jet2's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jet2's Debt-to-Equity falls into.

Jet2 Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jet2's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(227.7	+	1147.3)	/	1012.4
	=	1.36

Jet2's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(183.5	+	1210.2)	/	1600.3
	=	0.87

Jet2 (LSE:JET2) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Jet2 Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Jet2's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Jet2 (LSE:JET2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jet2 PLC (LSE:JET2) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DRTGF:USA JET2:UK DG1:Germany

Address

Low Fare Finder House, Leeds Bradford Airport, Leeds, GBR, LS19 7TU

Website

https://www.jet2plc.com

Jet2 PLC provides licensed packages for leisure flights and stays at a multitude of vacation destinations. The company reports in one operating segment: leisure travel. The leisure travel segment delivers scheduled flights by its airline, Jet2.com, to the Mediterranean, Canary Islands, and other European vacation destinations. It utilizes licensed package holidays by its tour operator, Jet2holidays, to offer hotel accommodations and other useful amenities. It revenue through Package holidays and operates mainly in United Kingdom.

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