Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Jet AI's Total Liabilities for the quarter that ended in Sep. 2024 was $8.39 Mil. Jet AI's Total Assets for the quarter that ended in Sep. 2024 was $3.36 Mil.
Therefore, Jet AI's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2024 was 2.50.
Jet AI Liabilities-to-Assets Historical Data
The historical data trend for Jet AI's Liabilities-to-Assets 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.
Competitive Comparison of Jet AI's Liabilities-to-Assets
For the Software - Application subindustry, Jet AI's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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 Liabilities-to-Assets Distribution in the Software Industry
For the Software industry and Technology sector, Jet AI's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Jet AI's Liabilities-to-Assets falls into.
Jet AI Liabilities-to-Assets Calculation
Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.
Jet AI's Liabilities-to-Assets Ratio for the fiscal year 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 (NAS:JTAI) Liabilities-to-Assets Explanation
Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.
Jet AI Liabilities-to-Assets Related Terms
Thank you for viewing the detailed overview of Jet AI's Liabilities-to-Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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