Spirit Airlines Balance Sheet Health
Financial Health criteria checks 0/6
Spirit Airlines has a total shareholder equity of $1.0B and total debt of $3.3B, which brings its debt-to-equity ratio to 332.4%. Its total assets and total liabilities are $9.5B and $8.5B respectively.
Key information
332.4%
Debt to equity ratio
US$3.33b
Debt
Interest coverage ratio | n/a |
Cash | US$878.64m |
Equity | US$1.00b |
Total liabilities | US$8.52b |
Total assets | US$9.53b |
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 ($1.5B).
Long Term Liabilities: S64's short term assets ($1.5B) do not cover its long term liabilities ($7.0B).
Debt to Equity History and Analysis
Debt Level: S64's net debt to equity ratio (244.8%) is considered high.
Reducing Debt: S64's debt to equity ratio has increased from 111.8% to 332.4% 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.