PREM (Premier Air Charter Holdings) Debt-to-Equity: -0.60 (As of Dec. 2024)

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What is Premier Air Charter Holdings Debt-to-Equity?

Premier Air Charter Holdings PREM Debt-to-Equity is -0.60 as of Dec. 2024.

Premier Air Charter Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.16 Mil. Premier Air Charter Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.00 Mil. Premier Air Charter Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $-0.26 Mil. Premier Air Charter Holdings's debt to equity for the quarter that ended in Dec. 2024 was -0.60.

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 Premier Air Charter Holdings's Debt-to-Equity or its related term are showing as below:

PREM's Debt-to-Equity is not ranked *
in the Transportation industry.
Industry Median: 0.53
* Ranked among companies with meaningful Debt-to-Equity only.

Premier Air Charter Holdings  (OTCPK:PREM) 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.

Premier Air Charter Holdings Debt-to-Equity Related Terms

Premier Air Charter Holdings Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Premier Air Charter Holdings'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.

Premier Air Charter Holdings Debt-to-Equity Chart

Premier Air Charter Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.92 -0.82 -1.03 7.00 -0.43

Premier Air Charter Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A -0.98 -0.83 -0.68 -0.60

PREM vs CISS, TLSS, APSI: Debt-to-Equity Comparison

For the Airlines subindustry, Premier Air Charter Holdings'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.

Premier Air Charter Holdings Debt-to-Equity vs Transportation Industry

For the Transportation industry and Industrials sector, Premier Air Charter Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Premier Air Charter Holdings's Debt-to-Equity falls into.


Premier Air Charter Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Premier Air Charter Holdings'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
=(0.062 + 0) / -0.146
=-0.42

Premier Air Charter Holdings'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
=(0.156 + 0) / -0.261
=-0.60

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -0.60 mean?
Premier Air Charter Holdings (PREM) has a Debt-to-Equity of -0.60 as of Dec. 2024. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Premier Air Charter Holdings and its competitors.
Is Premier Air Charter Holdings' Debt-to-Equity too high?
Premier Air Charter Holdings' current Debt-to-Equity is -0.60.
How does Premier Air Charter Holdings' Debt-to-Equity compare to CISS and TLSS?
Premier Air Charter Holdings' Debt-to-Equity of -0.60 can be compared against companies in the Transportation industry. The industry median Debt-to-Equity is 0.53. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Transportation company?
The median Debt-to-Equity among Transportation companies is 0.53, based on 910 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Premier Air Charter Holdings and its competitors. For the Transportation industry, the median Debt-to-Equity is 0.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Premier Air Charter Holdings's current Debt-to-Equity is -0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Premier Air Charter Holdings stock overvalued right now?
Premier Air Charter Holdings (PREM) has a current Debt-to-Equity of -0.60. The current Debt-to-Equity is -0.60. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Premier Air Charter Holdings (PREM), the current Debt-to-Equity is -0.60 as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Premier Air Charter Holdings Business Description

Address 2006 Palomar Airport Road, Suite 210, Carlsbad, CA, USA, 92011
Premier Air Charter Holdings Inc is a San Diego-based aircraft charter company, that provides an international community of aviation enthusiasts. Its vast fleet of aircraft includes everything from Light Jets and Turbojets to Mid-Large Jets.