Global Crossing Airlines Group (NEOE:JET) Scaled Net Operating Assets : 0.70 (As of Dec. 2024)

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What is Global Crossing Airlines Group Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Global Crossing Airlines Group's operating assets for the quarter that ended in Dec. 2024 was C$220.0 Mil. Global Crossing Airlines Group's operating liabilities for the quarter that ended in Dec. 2024 was C$65.9 Mil. Global Crossing Airlines Group's Total Assets for the quarter that ended in Sep. 2024 was C$220.2 Mil. Therefore, Global Crossing Airlines Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was 0.70.

Global Crossing Airlines Group Scaled Net Operating Assets Historical Data

The historical data trend for Global Crossing Airlines Group's Scaled Net Operating 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.

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Global Crossing Airlines Group Scaled Net Operating Assets Chart

Global Crossing Airlines Group Annual Data

Trend

Apr15

Apr16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Scaled Net Operating Assets

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10.94

3.36

0.75

1.55

0.87

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
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.74	0.80	0.74	0.76	0.70

Competitive Comparison of Global Crossing Airlines Group's Scaled Net Operating Assets

For the Airlines subindustry, Global Crossing Airlines Group's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating 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.

Global Crossing Airlines Group's Scaled Net Operating Assets Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Global Crossing Airlines Group's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Global Crossing Airlines Group's Scaled Net Operating Assets falls into.

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Global Crossing Airlines Group Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Global Crossing Airlines Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2024 )
=	(Operating Assets (A: Dec. 2024 )	-	Operating Liabilities (A: Dec. 2024 ))	/	Total Assets (A: Dec. 2023 )
=	(219.965	-	65.899)	/	176.192
=	0.87

where

	Operating Assets		(A: Dec. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	237.553	-	17.588
=	219.965

	Operating Liabilities		(A: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	279.536	-	185.267	-	28.37
=	65.899

Global Crossing Airlines Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2024 )
=	(Operating Assets (Q: Dec. 2024 )	-	Operating Liabilities (Q: Dec. 2024 ))	/	Total Assets (Q: Sep. 2024 )
=	(219.965	-	65.899)	/	220.217
=	0.70

where

	Operating Assets		(Q: Dec. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	237.553	-	17.588
=	219.965

	Operating Liabilities		(Q: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	279.536	-	185.267	-	28.37
=	65.899

Global Crossing Airlines Group Scaled Net Operating Assets Related Terms

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Global Crossing Airlines Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Global Crossing Airlines Group Inc (NEOE:JET) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

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

Edward Wegel	Director, Senior Officer
Ryan Goepel	Director, Senior Officer

Global Crossing Airlines Group Headlines

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