Spirit Airlines Balance Sheet Health
Financial Health criteria checks 2/6
Spirit Airlines has a total shareholder equity of $809.7M and total debt of $3.3B, which brings its debt-to-equity ratio to 403.4%. Its total assets and total liabilities are $9.6B and $8.7B respectively.
Key information
403.4%
Debt to equity ratio
US$3.27b
Debt
| Interest coverage ratio | n/a |
| Cash | US$840.08m |
| Equity | US$809.66m |
| Total liabilities | US$8.75b |
| Total assets | US$9.56b |
Recent financial health updates
Recent updates
Spirit Airlines: Liquidation Value Highlights Opportunity In Convertible Debt
Nov 13Spirit Airlines: From Bankruptcy Rumors To Takeover Talk Tied To Frontier Airlines
Oct 24Spirit Airlines: Death By A Thousand Cuts
Oct 05Spirit Airlines Investors May Need A Parachute Because Of A Potential 'Default'
Sep 25Spirit Airlines: Hawaiian Airlines Merger Is A Silver Lining
Aug 28Is Spirit Airlines, Inc. (NYSE:SAVE) Trading At A 49% Discount?
Jul 21
Spirit Airlines Stock Falls On Restructuring Bankruptcy And Profit Concerns
Jul 17Spirit Q1: No Longer Taking Off (Rating Downgrade)
May 13Spirit 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 27Financial Position Analysis
Short Term Liabilities: SAVE.Q's short term assets ($1.4B) do not cover its short term liabilities ($1.5B).
Long Term Liabilities: SAVE.Q's short term assets ($1.4B) do not cover its long term liabilities ($7.2B).
Debt to Equity History and Analysis
Debt Level: SAVE.Q's net debt to equity ratio (299.7%) is considered high.
Reducing Debt: SAVE.Q's debt to equity ratio has increased from 105% to 403.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: SAVE.Q has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SAVE.Q has sufficient cash runway for 1.9 years if free cash flow continues to reduce at historical rates of 15.8% each year.