Republic Airways Holdings Inc (RJET) - Net Assets
Based on the latest financial reports, Republic Airways Holdings Inc (RJET) has net assets worth $-52.64 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($158.93 Million) and total liabilities ($211.57 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of Republic Airways Holdings Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-52.64 Million |
| % of Total Assets | -33.12% |
| Annual Growth Rate | 10.91% |
| 5-Year Change | 143.81% |
| 10-Year Change | 86.02% |
| Growth Volatility | 585.09 |
Republic Airways Holdings Inc - Net Assets Trend (2001–2024)
This chart illustrates how Republic Airways Holdings Inc's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Republic Airways Holdings Inc for the complete picture of this company's asset base.
Annual Net Assets for Republic Airways Holdings Inc (2001–2024)
The table below shows the annual net assets of Republic Airways Holdings Inc from 2001 to 2024. For live valuation and market cap data, see Republic Airways Holdings Inc stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.12 Billion | +6.24% |
| 2023-12-31 | $1.05 Billion | +240.94% |
| 2022-12-31 | $308.17 Million | -36.86% |
| 2021-12-31 | $488.05 Million | +6.59% |
| 2020-12-31 | $457.86 Million | +7.51% |
| 2019-12-31 | $425.87 Million | +13.73% |
| 2018-12-31 | $374.47 Million | +68.51% |
| 2017-12-31 | $222.22 Million | +17.48% |
| 2016-12-31 | $189.15 Million | -68.48% |
| 2015-12-31 | $600.10 Million | -3.29% |
| 2014-12-31 | $620.50 Million | +12.67% |
| 2013-12-31 | $550.70 Million | +7.24% |
| 2012-12-31 | $513.50 Million | +11.51% |
| 2011-12-31 | $460.50 Million | +116.05% |
| 2010-12-31 | $-2.87 Billion | -2717.24% |
| 2008-12-31 | $109.66 Million | -24.43% |
| 2007-12-31 | $145.10 Million | -45.08% |
| 2006-12-31 | $264.21 Million | +49.55% |
| 2005-12-31 | $176.67 Million | +37.06% |
| 2004-12-31 | $128.90 Million | +10.20% |
| 2003-12-31 | $116.97 Million | +29.87% |
| 2002-12-31 | $90.07 Million | -12.66% |
| 2001-12-31 | $103.13 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Republic Airways Holdings Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 64876100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $632.50 Million | 56.66% |
| Common Stock | $272.38 Million | 24.40% |
| Other Components | $211.42 Million | 18.94% |
| Total Equity | $1.12 Billion | 100.00% |
Republic Airways Holdings Inc Competitors by Market Cap
The table below lists competitors of Republic Airways Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Weihai Guangtai Airport Equipment Co Ltd
SHE:002111
|
$857.91 Million |
|
Ryerson Holding Corp
NYSE:RYI
|
$858.13 Million |
|
Changzhou Kaidi Electrical Inc
SHG:605288
|
$858.36 Million |
|
Shenzhen Topway Video Communication Co Ltd
SHE:002238
|
$858.48 Million |
|
SEC Electric Mach Co Ltd
SHG:603988
|
$857.33 Million |
|
Yuhuan CNC Machine Tool Co Ltd
SHE:002903
|
$856.89 Million |
|
Guangdong Wencan Die Casting Co Ltd
SHG:603348
|
$856.85 Million |
|
Bangkok Life Assurance Public Company Limited
F:XBLA
|
$856.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Republic Airways Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,050,700,000 to 1,116,300,000, a change of 65,600,000 (6.2%).
- Net income of 64,600,000 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $64.60 Million | +5.79% |
| Other Changes | $1.00 Million | +0.09% |
| Total Change | $- | 6.24% |
Book Value vs Market Value Analysis
This analysis compares Republic Airways Holdings Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.83x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.38x to 0.83x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $48.24 | $18.28 | x |
| 2002-12-31 | $40.74 | $18.28 | x |
| 2003-12-31 | $50.13 | $18.28 | x |
| 2004-12-31 | $45.12 | $18.28 | x |
| 2005-12-31 | $56.92 | $18.28 | x |
| 2006-12-31 | $87.36 | $18.28 | x |
| 2007-12-31 | $70.23 | $18.28 | x |
| 2008-12-31 | $60.60 | $18.28 | x |
| 2010-12-31 | $16.95 | $18.28 | x |
| 2011-12-31 | $9.49 | $18.28 | x |
| 2012-12-31 | $9.99 | $18.28 | x |
| 2013-12-31 | $236.63 | $18.28 | x |
| 2014-12-31 | $266.62 | $18.28 | x |
| 2015-12-31 | $257.86 | $18.28 | x |
| 2016-12-31 | $81.28 | $18.28 | x |
| 2017-12-31 | $95.49 | $18.28 | x |
| 2018-12-31 | $223.15 | $18.28 | x |
| 2019-12-31 | $182.18 | $18.28 | x |
| 2020-12-31 | $194.51 | $18.28 | x |
| 2021-12-31 | $188.47 | $18.28 | x |
| 2022-12-31 | $6.05 | $18.28 | x |
| 2023-12-31 | $20.64 | $18.28 | x |
| 2024-12-31 | $21.93 | $18.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Republic Airways Holdings Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.79%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.38%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 2.48x
- Recent ROE (5.79%) is above the historical average (1.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -46.62% | -9.19% | 1.31x | 3.88x | $-58.39 Million |
| 2002 | -10.45% | -1.87% | 1.54x | 3.63x | $-18.22 Million |
| 2003 | 23.90% | 4.66% | 1.27x | 4.04x | $16.26 Million |
| 2004 | 20.39% | 2.93% | 0.80x | 8.66x | $13.39 Million |
| 2005 | 32.19% | 5.00% | 0.97x | 6.61x | $39.20 Million |
| 2006 | 12.86% | 2.64% | 1.04x | 4.69x | $7.55 Million |
| 2007 | -56.21% | -6.28% | 1.06x | 8.45x | $-96.07 Million |
| 2008 | -26.59% | -2.20% | 1.38x | 8.75x | $-40.13 Million |
| 2010 | -2.27% | -0.52% | 3.05x | 1.43x | $-74.81 Million |
| 2011 | -32.96% | -5.30% | 0.73x | 8.47x | $-197.85 Million |
| 2012 | 9.99% | 1.83% | 0.77x | 7.12x | $-50.00K |
| 2013 | 7.56% | 10.03% | 0.13x | 5.94x | $-13.44 Million |
| 2014 | 3.02% | 4.30% | 0.12x | 5.63x | $-43.29 Million |
| 2015 | 6.50% | 7.71% | 0.14x | 6.02x | $-21.01 Million |
| 2016 | 7.89% | 2.54% | 0.42x | 7.39x | $-4.00 Million |
| 2017 | 14.77% | 5.10% | 0.43x | 6.71x | $10.61 Million |
| 2018 | 8.88% | 4.88% | 0.43x | 4.22x | $-4.19 Million |
| 2019 | 11.17% | 6.58% | 0.46x | 3.69x | $4.99 Million |
| 2020 | 6.00% | 5.04% | 0.33x | 3.59x | $-18.32 Million |
| 2021 | 3.40% | 3.29% | 0.31x | 3.29x | $-32.22 Million |
| 2022 | 22.00% | 5.11% | 1.05x | 4.12x | $36.98 Million |
| 2023 | 5.22% | 3.83% | 0.52x | 2.60x | $-50.27 Million |
| 2024 | 5.79% | 4.38% | 0.53x | 2.48x | $-47.03 Million |
Industry Comparison
This section compares Republic Airways Holdings Inc's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $783,519,054
- Average return on equity (ROE) among peers: 5.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Republic Airways Holdings Inc (RJET) | $-52.64 Million | -46.62% | N/A | $857.33 Million |
| American Airlines Group (AAL) | $6.70 Billion | 19.62% | 2.33x | $6.80 Billion |
| Grupo Aeroméxico, S.A.B. de C.V. (AERO) | $-730.83 Million | 0.00% | 0.00x | $203.54 Million |
| Allegiant Travel Company (ALGT) | $9.49 Million | 96.23% | 5.90x | $1.38 Billion |
| Alaska Air Group Inc (ALK) | $257.90 Million | -32.92% | 3.69x | $4.42 Billion |
| Copa Holdings SA (CPA) | $67.09 Million | 30.80% | 5.29x | $3.51 Billion |
| Delta Air Lines Inc (DAL) | $381.00 Million | 69.21% | 8.94x | $37.84 Billion |
| flyExclusive, Inc. (FLYX) | $35.33 Million | -132.56% | 13.75x | $44.56 Million |
| flyExclusive, Inc. (FLYX) | $-84.27 Million | 0.00% | 0.00x | $96.93 Million |
| Gol Linhas Aéreas Inteligentes S.A (GOLLQ) | $-932.52 Million | 0.00% | 0.00x | $33.88 Million |
| JetBlue Airways Corp (JBLU) | $2.13 Billion | 7.87% | 2.44x | $1.77 Billion |
About Republic Airways Holdings Inc
Republic Airways Holdings Inc. provides scheduled passenger services. It operates a fleet of approximately 240 aircraft and offers scheduled passenger service with 1,000 daily flights to 80 cities across the U.S., Canada, the Caribbean, and Central America. The company was founded in 1974 and is based in Indianapolis, Indiana.