JETMF (Global Crossing Airlines Group) Debt-to-Equity : -5.07 (As of Dec. 2024)

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What is Global Crossing Airlines Group Debt-to-Equity?

Global Crossing Airlines Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $19.9 Mil. Global Crossing Airlines Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $130.0 Mil. Global Crossing Airlines Group's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $-29.6 Mil. Global Crossing Airlines Group's debt to equity for the quarter that ended in Dec. 2024 was -5.07.

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 Global Crossing Airlines Group's Debt-to-Equity or its related term are showing as below:

JETMF' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.57 Med: -2.52 Max: 13.54
Current: -5.07

During the past 13 years, the highest Debt-to-Equity Ratio of Global Crossing Airlines Group was 13.54. The lowest was -5.57. And the median was -2.52.

JETMF's Debt-to-Equity is not ranked
in the Transportation industry.
Industry Median: 0.51 vs JETMF: -5.07

Global Crossing Airlines Group Debt-to-Equity Historical Data

The historical data trend for Global Crossing Airlines Group'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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Global Crossing Airlines Group Debt-to-Equity Chart

Global Crossing Airlines Group Annual Data

Trend

Apr15

Apr16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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13.55

5.91

-5.08

-5.57

-5.07

Global Crossing Airlines Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															-5.57	-5.28	-5.67	-5.20	-5.07

Competitive Comparison of Global Crossing Airlines Group's Debt-to-Equity

For the Airlines subindustry, Global Crossing Airlines Group'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.

Global Crossing Airlines Group's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Global Crossing Airlines Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Global Crossing Airlines Group's Debt-to-Equity falls into.

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Global Crossing Airlines Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Global Crossing Airlines Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 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
	=	(19.913	+	130.039)	/	-29.555
	=	-5.07

Global Crossing Airlines Group's Debt to Equity Ratio for the quarter that ended in Dec. 2024 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
	=	(19.913	+	130.039)	/	-29.555
	=	-5.07

Global Crossing Airlines Group (OTCPK:JETMF) 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.

Global Crossing Airlines Group Debt-to-Equity Related Terms

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Global Crossing Airlines Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Global Crossing Airlines Group Inc (OTCPK:JETMF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

JETBF:USA EZ70:Germany JET.B:Canada JET:Canada

Address

4200 NW 36th Street, Building 5A, Miami International Airport, Miami, FL, USA, 33166

Website

https://www.globalairlinesgroup.com

Global Crossing Airlines Group Inc operates a U.S. Part 121 domestic flag and supplemental airline using the Airbus A320 family of aircraft (A320). Its business model is to provide services on an Aircraft, Crew, Maintenance and Insurance (ACMI) using wet lease contracts to airlines and non-airlines, and on a Full Service (Charter) basis whereby it provides passenger aircraft charter services to customers by charging an all-in fee that includes fuel, insurance, landing fees, navigation fees and other operational fees and costs. The company operates within the United States, Europe, Canada, Central and South America.

Executives

Deborah Wallis Robinson	director	4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166
Harrington Cordia	director	2975 ARMORY DRIVE, NASHVILLE TN 37204
Ryan Goepel	director, officer: Chief Financial Officer	2333 PONCE DE LEON BLVD., SUITE 630, CORAL GABLES FL 33134
Axar Capital Management L.p.	director, 10 percent owner	402 W 13TH STREET, FLOOR 5, NEW YORK NY 10014
Axar Gp, Llc	director, 10 percent owner	C/O AXAR CAPITAL MANAGEMENT, LP, 402 W 13TH STREET, FLOOR 5, NEW YORK NY 10014
Andrew Axelrod	director, 10 percent owner	C/O AXAR CAPITAL MANAGEMENT, LP, 402 W 13TH STREET, FLOOR 5, NEW YORK NY 10014
Joseph Jr. Dagrosa	director, 10 percent owner	311 SOUTH WACKER DRIVE, SUITE 6400, CHICAGO IL 60606
John Quelch	director	C/O INVERNESS MEDICAL INNOVATIONS INC, 51 SAWYER RD, WALTHAM MA 02453
Edward J Wegel	director, 10 percent owner, officer: Chief Executive Officer	1 GORHAM ISLAND, WESTPORT CT 06880
Mcartor Trusten Allan	director	200 FALCON RIDGE ROAD, GREAT FALLS VA 22066
William Shuster	director	4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166
Ronald Bevans	10 percent owner	4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166
Alan Geoffrey Bird	director	4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166
Juan Pablo Nunez	officer: Chief Operating Officer	4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166
David Griffith Ross	director	4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166