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Spirit Airlines Balance Sheet Health
Financial Health criteria checks 0/6
Spirit Airlines has a total shareholder equity of $1.1B and total debt of $3.4B, which brings its debt-to-equity ratio to 297.1%. Its total assets and total liabilities are $9.4B and $8.3B respectively.
Key information
297.1%
Debt to equity ratio
US$3.37b
Debt
| Interest coverage ratio | n/a |
| Cash | US$977.71m |
| Equity | US$1.13b |
| Total liabilities | US$8.28b |
| Total assets | US$9.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: S64's short term assets ($1.5B) do not cover its short term liabilities ($1.7B).
Long Term Liabilities: S64's short term assets ($1.5B) do not cover its long term liabilities ($6.6B).
Debt to Equity History and Analysis
Debt Level: S64's net debt to equity ratio (210.9%) is considered high.
Reducing Debt: S64's debt to equity ratio has increased from 113.5% to 297.1% over the past 5 years.
Debt Coverage: S64's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if S64's interest payments on its debt are well covered by EBIT.