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 (SAVE) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of June 2024: -0.164x
Based on the latest financial reports, Spirit Airlines Inc (SAVE) has a cash flow conversion efficiency ratio of -0.164x as of June 2024.
Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($-133.02 Million) by net assets ($809.66 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Spirit Airlines Inc - Cash Flow Conversion Efficiency Trend (2008–2023)
This chart illustrates how Spirit Airlines Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
Spirit Airlines Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Spirit Airlines Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Actia Group
PA:ALATI
|
0.139x |
|
Lemonsoft Oyj
HE:LEMON
|
0.093x |
|
GoHealth Inc.
NASDAQ:GOCO
|
4.664x |
|
Aryt Industries Ltd
TA:ARYT
|
0.417x |
|
Monami
KO:005360
|
0.010x |
|
Karsu Tekstil Sanayi ve Ticaret AS
IS:KRTEK
|
0.018x |
|
Daegu Dept Sto
KO:006370
|
-0.054x |
|
GetBusy plc
PINK:GETBF
|
0.002x |
Annual Cash Flow Conversion Efficiency for Spirit Airlines Inc (2008–2023)
The table below shows the annual cash flow conversion efficiency of Spirit Airlines Inc from 2008 to 2023.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2023-12-31 | $1.13 Billion | $-246.66 Million | -0.217x | -283.90% |
| 2022-12-31 | $1.57 Billion | $-89.02 Million | -0.057x | -157.32% |
| 2021-12-31 | $2.11 Billion | $208.89 Million | 0.099x | +198.68% |
| 2020-12-31 | $2.25 Billion | $-225.27 Million | -0.100x | -141.07% |
| 2019-12-31 | $2.26 Billion | $551.32 Million | 0.244x | -7.16% |
| 2018-12-31 | $1.93 Billion | $506.46 Million | 0.263x | +9.75% |
| 2017-12-31 | $1.78 Billion | $425.24 Million | 0.239x | -29.55% |
| 2016-12-31 | $1.39 Billion | $473.68 Million | 0.340x | -12.01% |
| 2015-12-31 | $1.23 Billion | $472.99 Million | 0.386x | +48.63% |
| 2014-12-31 | $1.00 Billion | $260.51 Million | 0.260x | +2.24% |
| 2013-12-31 | $769.12 Million | $195.38 Million | 0.254x | +30.23% |
| 2012-12-31 | $582.53 Million | $113.63 Million | 0.195x | -46.82% |
| 2011-12-31 | $466.71 Million | $171.20 Million | 0.367x | +242.58% |
| 2010-12-31 | $-105.08 Million | $27.03 Million | -0.257x | +38.34% |
| 2009-12-31 | $-178.13 Million | $74.33 Million | -0.417x | -310.50% |
| 2008-12-31 | $-261.89 Million | $-51.91 Million | 0.198x | -- |