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
Spirit Airlines: The Spirit Is Gone, Time To Sell
Apr 19SAVE Yourself The Trouble On Spirit Airlines
Apr 05Spirit Airlines: Positive Operating Cashflow, Path To Soaring Alone
Feb 28Spirit Airlines Is Not Set For A Chapter 11 Landing In 2024
Jan 23Why The JetBlue Airways Merger Deal With Spirit Airlines Was Blocked
Jan 17Spirit Airlines: Trading Strategies While Waiting For The Airline Merger
Jan 08Spirit Airlines And JetBlue Deal: No Soft Landings Here
Dec 18Updating Spirit/JetBlue Merger Probabilities As Trial Concludes
Dec 06Spirit: An Extreme Merger Arbitrage Opportunity
Nov 27Buy Spirit Airlines For The Same Reason JetBlue Is: The A321neo
Nov 19Despite Weak Trading, Spirit JetBlue Merger Could Still Close
Nov 01Last Update Before Merger: Spirit Airlines Is A Buy
Oct 13Spirit Airlines: Thank You JetBlue
Sep 14JetBlue And Spirit Merger Potential Gets Stronger
Jul 07Spirit Airlines: Value Remains Despite Uncertainties
Jun 27Spirit Airlines expects to hear from DOJ on JetBlue deal in next 30 days
Feb 08Spirit Airlines Non-GAAP EPS of $0.03 beats by $0.11, revenue of $1.34B misses by $10M
Oct 26Spirit Airlines: Wait For The Payout
Sep 10Spirit Airlines Non-GAAP EPS of -$0.30 beats by $0.16, revenue of $1.37B beats by $20M
Aug 09Spirit Airlines vote on Frontier sale expected to fail - report
Jul 27Spirit Airlines Saga: Asymmetric Risk Opportunity
Jul 14Spirit Airlines: A Desperation Buy For JetBlue, Vote No On Frontier Airlines
Jul 06Frontier Takes Top Spot To Acquire Spirit Airlines
Jun 26Spirit Airlines: JetBlue Buy Offer Is More Compelling
Jun 10Financial Position Analysis
Short Term Liabilities: SAVE's short term assets ($1.5B) do not cover its short term liabilities ($1.5B).
Long Term Liabilities: SAVE's short term assets ($1.5B) do not cover its long term liabilities ($7.0B).
Debt to Equity History and Analysis
Debt Level: SAVE's net debt to equity ratio (244.8%) is considered high.
Reducing Debt: SAVE's debt to equity ratio has increased from 111.8% to 332.4% over the past 5 years.
Debt Coverage: SAVE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if SAVE's interest payments on its debt are well covered by EBIT.