Global Crossing Airlines Inc
Global Crossing Airlines Group Inc. provides air transport services in the United States, Europe, Canada, and Central and South America. It operates a US Part 121 flag and supplemental airline using the Airbus A320 family of aircraft and the Airbus A321 freighter. The company is involved in the provision of an aircraft, crew, maintenance, and insurance services using wet lease contracts to airlin… Read more
Global Crossing Airlines Inc (JETMF) - Net Assets
Latest net assets as of September 2025: $-28.24 Million USD
Based on the latest financial reports, Global Crossing Airlines Inc (JETMF) has net assets worth $-28.24 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 ($170.75 Million) and total liabilities ($198.99 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-28.24 Million |
| % of Total Assets | -16.54% |
| Annual Growth Rate | N/A |
| 5-Year Change | -9845.39% |
| 10-Year Change | -1864.74% |
| Growth Volatility | 482.33 |
Global Crossing Airlines Inc - Net Assets Trend (2013–2024)
This chart illustrates how Global Crossing Airlines Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Global Crossing Airlines Inc (2013–2024)
The table below shows the annual net assets of Global Crossing Airlines Inc from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-29.47 Million | -48.33% |
| 2023-12-31 | $-19.87 Million | -173.82% |
| 2022-12-31 | $-7.26 Million | -270.89% |
| 2021-12-31 | $4.25 Million | +1304.14% |
| 2020-12-31 | $302.38K | +128.09% |
| 2019-12-31 | $-1.08 Million | -124.42% |
| 2018-12-31 | $4.41 Million | +44.75% |
| 2017-12-31 | $3.05 Million | +602.35% |
| 2016-12-31 | $-606.19K | -136.30% |
| 2016-04-30 | $1.67 Million | +72.17% |
| 2016-03-31 | $969.89K | +10877.79% |
| 2015-12-31 | $-9.00K | -100.24% |
| 2015-04-30 | $3.70 Million | +15225.78% |
| 2014-12-31 | $-24.45K | -264.71% |
| 2013-12-31 | $14.84K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Global Crossing Airlines 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 decreased by 6989513200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $41.01 Million | % |
| Total Equity | $-29.55 Million | 100.00% |
Global Crossing Airlines Inc Competitors by Market Cap
The table below lists competitors of Global Crossing Airlines Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MRM SA INH. EO 20
F:8VV0
|
$28.00 Million |
|
Burgenland Holding Aktiengesellschaft
VI:BHD
|
$28.01 Million |
|
UIL Co. Ltd
KQ:049520
|
$28.02 Million |
|
Evaxion Biotech AS
NASDAQ:EVAX
|
$28.02 Million |
|
Luminescence Technology Corp.
TWO:6729
|
$27.99 Million |
|
PT Murni Sadar Tbk
JK:MTMH
|
$27.98 Million |
|
Assems Inc.
KQ:136410
|
$27.97 Million |
|
Mirae Corporation
KO:025560
|
$27.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Global Crossing Airlines Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -20,091,821 to -29,555,000, a change of -9,463,179.
- Net loss of 11,472,000 reduced equity.
- New share issuances of 329,000 increased equity.
- Other factors increased equity by 1,679,821.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-11.47 Million | -38.82% |
| Share Issuances | $329.00K | +1.11% |
| Other Changes | $1.68 Million | +5.68% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Global Crossing Airlines 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $0.00 | $0.68 | x |
| 2016-04-30 | $0.00 | $0.68 | x |
| 2016-12-31 | $0.00 | $0.68 | x |
| 2017-12-31 | $0.52 | $0.68 | x |
| 2018-12-31 | $0.60 | $0.68 | x |
| 2019-12-31 | $-0.13 | $0.68 | x |
| 2020-12-31 | $0.01 | $0.68 | x |
| 2021-12-31 | $0.08 | $0.68 | x |
| 2022-12-31 | $-0.14 | $0.68 | x |
| 2023-12-31 | $-0.34 | $0.68 | x |
| 2024-12-31 | $-0.48 | $0.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Global Crossing Airlines 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.13%
- • Asset Turnover: 1.34x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-407.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -4337.03% | 0.00% | 0.00x | 5.06x | $-645.27K |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-830.67K |
| 2015 | -7.47% | 0.00% | 0.00x | 1.11x | $-690.67K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-41.77K |
| 2016 | -15.36% | 0.00% | 0.00x | 1.28x | $-338.05K |
| 2016 | -186.76% | 0.00% | 0.00x | 1.28x | $-3.29 Million |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-882.31K |
| 2017 | -297.00% | 0.00% | 0.00x | 1.17x | $-9.35 Million |
| 2018 | -129.61% | 0.00% | 0.00x | 1.25x | $-6.15 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-9.95 Million |
| 2020 | -676.02% | 0.00% | 0.00x | 23.72x | $-2.07 Million |
| 2021 | -466.78% | -138.66% | 0.37x | 9.20x | $-20.24 Million |
| 2022 | 0.00% | -16.29% | 1.90x | 0.00x | $-15.10 Million |
| 2023 | 0.00% | -13.12% | 1.22x | 0.00x | $-19.00 Million |
| 2024 | 0.00% | -5.13% | 1.34x | 0.00x | $-8.52 Million |
Industry Comparison
This section compares Global Crossing Airlines Inc's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $84,221,809,251
- Average return on equity (ROE) among peers: 148.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Global Crossing Airlines Inc (JETMF) | $-28.24 Million | -4337.03% | N/A | $28.00 Million |
| American Airlines Group (AAL) | $-581.00 Million | 0.00% | 0.00x | $6.80 Billion |
| Air Canada (ACDVF) | $2.59 Billion | 24.86% | 11.05x | $2.83 Billion |
| Grupo Aeroméxico, S.A.B. de C.V. (AERO) | $-730.83 Million | 0.00% | 0.00x | $260.71 Million |
| Air France-KLM SA (AFRAF) | $-5.42 Billion | 0.00% | 0.00x | $1.02 Billion |
| Aegean Airlines S.A (AGZNF) | $277.88 Million | 24.44% | 1.61x | $461.90 Million |
| AirAsia Group Berhad (AIABF) | $935.30 Million | 1390.41% | 6.89x | $418.10 Million |
| Air China Limited (AICAF) | $49.50 Billion | 15.10% | 2.50x | $2.97 Billion |
| Allegiant Travel Company (ALGT) | $401.72 Million | 19.56% | 0.99x | $1.25 Billion |
| Alaska Air Group Inc (ALK) | $340.50 Million | 5.05% | 2.00x | $4.48 Billion |
| ANA Holdings Inc (ALNPF) | $794.90 Billion | 9.83% | 1.80x | $7.63 Billion |