Great Lakes Aviation Ltd
Great Lakes Aviation, Ltd., a regional airline company, operates as an independent carrier and code share partner with United Air Lines, Inc. in the United States. The company offers scheduled air service to its hubs under the Great Lakes brand; and carries cargo on its scheduled flights. As of March 20, 2015, it served 28 airports in 9 states with a fleet of 6 Embraer EMB-120 Brasilias and 28 Be… Read more
Great Lakes Aviation Ltd (GLUX) - Net Assets
Latest net assets as of September 2015: $23.84 Million USD
Based on the latest financial reports, Great Lakes Aviation Ltd (GLUX) has net assets worth $23.84 Million USD as of September 2015.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($58.59 Million) and total liabilities ($34.75 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 | $23.84 Million |
| % of Total Assets | 40.69% |
| Annual Growth Rate | 9.12% |
| 5-Year Change | 7.97% |
| 10-Year Change | N/A |
| Growth Volatility | 3594.61 |
Great Lakes Aviation Ltd - Net Assets Trend (1993–2014)
This chart illustrates how Great Lakes Aviation Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Great Lakes Aviation Ltd (1993–2014)
The table below shows the annual net assets of Great Lakes Aviation Ltd from 1993 to 2014.
| Year | Net Assets | Change |
|---|---|---|
| 2014-12-31 | $31.25 Million | -19.09% |
| 2013-12-31 | $38.62 Million | -1.13% |
| 2012-12-31 | $39.06 Million | +8.09% |
| 2011-12-31 | $36.14 Million | +24.87% |
| 2010-12-31 | $28.94 Million | +21.15% |
| 2009-12-31 | $23.89 Million | +37.40% |
| 2008-12-31 | $17.38 Million | +13.16% |
| 2007-12-31 | $15.36 Million | +634.88% |
| 2006-12-31 | $-2.87 Million | +84.52% |
| 2005-12-31 | $-18.55 Million | +5.99% |
| 2004-12-31 | $-19.73 Million | +22.20% |
| 2003-12-31 | $-25.36 Million | +6.62% |
| 2002-12-31 | $-27.16 Million | -46.83% |
| 2001-12-31 | $-18.50 Million | -14327.36% |
| 2000-12-31 | $130.00K | -98.49% |
| 1999-12-31 | $8.62 Million | +47.34% |
| 1998-12-31 | $5.85 Million | +431.81% |
| 1997-12-31 | $1.10 Million | -94.13% |
| 1996-12-31 | $18.74 Million | -40.51% |
| 1995-12-31 | $31.50 Million | -7.89% |
| 1994-12-31 | $34.20 Million | +584.00% |
| 1993-12-31 | $5.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Great Lakes Aviation Ltd'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 106.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2014)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $89.75K | 0.29% |
| Other Components | $31.49 Million | 100.79% |
| Total Equity | $31.25 Million | 100.00% |
Great Lakes Aviation Ltd Competitors by Market Cap
The table below lists competitors of Great Lakes Aviation Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PEEL MINING
BE:W5E
|
$853.39 |
|
GUANGNAN (HLDGS)
BE:GUJB
|
$855.49 |
|
Omega Pacific Resources Inc.
OTCQB:OMGPF
|
$857.37 |
|
GO.D.M Investments Ltd
TA:GODM
|
$857.75 |
|
AN Textile Mill
KAR:ANTM
|
$852.02 |
|
Schroder Asia Pacific Fund
LSE:SDP
|
$849.97 |
|
Petards Group plc
LSE:PEG
|
$849.40 |
|
3D OIL
BE:MUE
|
$848.79 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Great Lakes Aviation Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2013 to 2014, total equity changed from 38,618,067 to 31,247,205, a change of -7,370,862 (-19.1%).
- Net loss of 7,370,862 reduced equity.
Equity Change Factors (2013 to 2014)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-7.37 Million | -23.59% |
| Total Change | $- | -19.09% |
Book Value vs Market Value Analysis
This analysis compares Great Lakes Aviation Ltd'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: 0.00x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $1.10 | $0.00 | x |
| 1994-12-31 | $4.28 | $0.00 | x |
| 1995-12-31 | $4.08 | $0.00 | x |
| 1996-12-31 | $2.47 | $0.00 | x |
| 1997-12-31 | $0.14 | $0.00 | x |
| 1998-12-31 | $0.67 | $0.00 | x |
| 1999-12-31 | $0.92 | $0.00 | x |
| 2000-12-31 | $0.02 | $0.00 | x |
| 2001-12-31 | $-2.14 | $0.00 | x |
| 2002-12-31 | $-3.12 | $0.00 | x |
| 2003-12-31 | $-1.80 | $0.00 | x |
| 2004-12-31 | $-1.38 | $0.00 | x |
| 2005-12-31 | $-1.30 | $0.00 | x |
| 2006-12-31 | $-0.20 | $0.00 | x |
| 2007-12-31 | $1.06 | $0.00 | x |
| 2008-12-31 | $1.21 | $0.00 | x |
| 2009-12-31 | $1.65 | $0.00 | x |
| 2010-12-31 | $2.00 | $0.00 | x |
| 2011-12-31 | $2.63 | $0.00 | x |
| 2012-12-31 | $4.31 | $0.00 | x |
| 2013-12-31 | $4.30 | $0.00 | x |
| 2014-12-31 | $3.48 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Great Lakes Aviation Ltd 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): -23.59%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -12.46%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 2.06x
- Recent ROE (-23.59%) is above the historical average (-353.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 42.00% | 3.58% | 0.57x | 20.66x | $1.60 Million |
| 1994 | 1.17% | 0.57% | 0.49x | 4.15x | $-3.02 Million |
| 1995 | -8.57% | -3.21% | 0.60x | 4.47x | $-5.85 Million |
| 1996 | -68.43% | -11.69% | 0.92x | 6.33x | $-14.70 Million |
| 1997 | -1660.97% | -21.81% | 1.31x | 58.00x | $-18.38 Million |
| 1998 | 46.53% | 2.39% | 1.57x | 12.44x | $2.14 Million |
| 1999 | 31.65% | 2.08% | 0.88x | 17.27x | $1.87 Million |
| 2000 | -6337.69% | -6.17% | 0.93x | 1101.38x | $-8.25 Million |
| 2001 | 0.00% | -18.37% | 0.77x | 0.00x | $-16.78 Million |
| 2002 | 0.00% | -12.76% | 0.62x | 0.00x | $-8.10 Million |
| 2003 | 0.00% | 2.36% | 0.64x | 0.00x | $4.33 Million |
| 2004 | 0.00% | 7.37% | 0.74x | 0.00x | $7.60 Million |
| 2005 | 0.00% | 1.55% | 0.88x | 0.00x | $3.04 Million |
| 2006 | 0.00% | 17.90% | 1.06x | 0.00x | $15.97 Million |
| 2007 | 118.55% | 18.56% | 1.07x | 5.99x | $16.68 Million |
| 2008 | 11.17% | 1.67% | 1.35x | 4.96x | $202.85K |
| 2009 | 24.20% | 4.75% | 1.44x | 3.54x | $3.39 Million |
| 2010 | 17.46% | 4.03% | 1.49x | 2.91x | $2.16 Million |
| 2011 | 29.58% | 8.59% | 1.48x | 2.32x | $7.07 Million |
| 2012 | 7.43% | 2.11% | 1.63x | 2.16x | $-1.00 Million |
| 2013 | -1.15% | -0.38% | 1.50x | 2.02x | $-4.30 Million |
| 2014 | -23.59% | -12.46% | 0.92x | 2.06x | $-10.50 Million |
Industry Comparison
This section compares Great Lakes Aviation Ltd'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 |
|---|---|---|---|---|
| Great Lakes Aviation Ltd (GLUX) | $23.84 Million | 42.00% | 1.46x | $852.44 |
| 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 |