Spirit Airlines Inc
Spirit Airlines, Inc. provides airline services. The company also offers hotels and rental cars services. It serves 93 destinations in 15 countries in the United States, Latin America, and the Caribbean. As of December 31, 2023, the company operated a fleet of 205 Airbus single-aisle aircraft. The company was formerly known as Clippert Trucking Company and changed its name to Spirit Airlines, Inc… Read more
Spirit Airlines Inc - Asset Resilience Ratio
Spirit Airlines Inc (SAVE) has an Asset Resilience Ratio of 1.21% as of June 2024. The Asset Resilience Ratio measures the percentage of a company's total assets that are held in liquid form (cash and short-term investments). This metric indicates how well-positioned the company is to handle unexpected financial challenges, economic downturns, or strategic opportunities without requiring external financing.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio Trend (2009–2023)
This chart shows how Spirit Airlines Inc's Asset Resilience Ratio has changed over time. Compare with other companies' asset resilience ratios.
Liquid Assets Composition Over Time
This chart breaks down Spirit Airlines Inc's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0% |
| Short-term Investments | $115.29 Million | 1.21% |
| Total Liquid Assets | $115.29 Million | 1.21% |
Asset Resilience Insights
- Limited Liquidity: Spirit Airlines Inc maintains only 1.21% of assets in liquid form.
- This low level may indicate efficient asset utilization but could pose risks during economic downturns.
- The company has significant short-term investments, indicating active treasury management.
Spirit Airlines Inc Industry Peers by Asset Resilience Ratio
Compare Spirit Airlines Inc's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
Korean Air Lines Co
KO:003490 |
Airlines | 7.77% |
|
Asiana Airline
KO:020560 |
Airlines | 2.96% |
|
Jeju Air Co Ltd
KO:089590 |
Airlines | 0.05% |
|
T'way Air Co Ltd
KO:091810 |
Airlines | 8.31% |
|
Enter Air Sp. z o.o
F:10N |
Airlines | 0.14% |
|
Eva Airways Corp
TW:2618 |
Airlines | 1.41% |
|
STARLUX Airlines Co. Ltd.
TWO:2646 |
Airlines | 1.10% |
|
Jin Air Co Ltd
KO:272450 |
Airlines | 46.24% |
Annual Asset Resilience Ratio for Spirit Airlines Inc (2009–2023)
The table below shows the annual Asset Resilience Ratio data for Spirit Airlines Inc.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2023-12-31 | 1.19% | $112.50 Million | $9.42 Billion | +0.03pp |
| 2022-12-31 | 1.17% | $107.11 Million | $9.18 Billion | -0.08pp |
| 2021-12-31 | 1.24% | $106.31 Million | $8.54 Billion | -0.02pp |
| 2020-12-31 | 1.27% | $106.34 Million | $8.40 Billion | -0.23pp |
| 2019-12-31 | 1.50% | $105.32 Million | $7.04 Billion | -0.49pp |
| 2018-12-31 | 1.99% | $102.79 Million | $5.17 Billion | -0.45pp |
| 2017-12-31 | 2.44% | $100.94 Million | $4.14 Billion | -0.74pp |
| 2016-12-31 | 3.18% | $100.16 Million | $3.15 Billion | -- |
| 2015-12-31 | 0.00% | $0.00 | $2.53 Billion | -- |
| 2014-12-31 | 0.00% | $0.00 | $1.60 Billion | -- |
| 2013-12-31 | 0.00% | $0.00 | $1.18 Billion | -- |
| 2012-12-31 | 0.00% | $0.00 | $919.88 Million | -- |
| 2011-12-31 | 0.00% | $0.00 | $745.81 Million | -- |
| 2010-12-31 | 15.29% | $72.74 Million | $475.76 Million | -0.74pp |
| 2009-12-31 | 16.02% | $52.54 Million | $327.87 Million | -- |