JETBF
Global Crossing Airlines Group Inc. operates in the airline business 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, as well as the Airbus A321 freighter. The company offers aircraft, crew, and maintenance and insurance using wet lease contracts to airlines and non-airlines; and … Read more
JETBF (JETBF) - Net Assets
Latest net assets as of September 2024: $-29.50 Million USD
Based on the latest financial reports, JETBF (JETBF) has net assets worth $-29.50 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($162.57 Million) and total liabilities ($192.06 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 | $-29.50 Million |
| % of Total Assets | -18.14% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 787.52 |
JETBF - Net Assets Trend (2019–2023)
This chart illustrates how JETBF's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for JETBF (2019–2023)
The table below shows the annual net assets of JETBF from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 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 | +136.69% |
| 2019-12-31 | $-824.04K | -- |
Equity Component Analysis
This analysis shows how different components contribute to JETBF'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 5869420300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $39.00 Million | % |
| Total Equity | $-20.09 Million | 100.00% |
JETBF Competitors by Market Cap
The table below lists competitors of JETBF ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ACCURAY
BE:XEJ
|
$6.67K |
|
Real Estate Investors PLC
LSE:RLE
|
$6.68K |
|
MARSTON'S
BE:WVDA
|
$6.68K |
|
Dae Young Packaging Co. Ltd.
KQ:014160
|
$6.69K |
|
SIERRA METALS (DFXN.SG)
STU:DFXN
|
$6.66K |
|
PSVM11F
SA:PSVM11F
|
$6.66K |
|
BEEF3F
SA:BEEF3F
|
$6.65K |
|
FARM 51 GROUP S.A.ZY -10
F:F51
|
$6.65K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in JETBF's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -7,255,667 to -20,091,821, a change of -12,836,154.
- Net loss of 21,010,541 reduced equity.
- New share issuances of 1,871,784 increased equity.
- Other factors increased equity by 6,302,603.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-21.01 Million | -104.57% |
| Share Issuances | $1.87 Million | +9.32% |
| Other Changes | $6.30 Million | +31.37% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares JETBF'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 |
|---|---|---|---|
| 2019-12-31 | $-0.10 | $0.70 | x |
| 2020-12-31 | $0.01 | $0.70 | x |
| 2021-12-31 | $0.08 | $0.70 | x |
| 2022-12-31 | $-0.14 | $0.70 | x |
| 2023-12-31 | $-0.34 | $0.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently JETBF 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: -13.12%
- • Asset Turnover: 1.22x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-228.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-7.62 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 |
Industry Comparison
This section compares JETBF'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 |
|---|---|---|---|---|
| JETBF (JETBF) | $-29.50 Million | 0.00% | N/A | $6.66K |
| 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 | $1.21 Billion |
| Alaska Air Group Inc (ALK) | $340.50 Million | 5.05% | 2.00x | $4.35 Billion |
| ANA Holdings Inc (ALNPF) | $794.90 Billion | 9.83% | 1.80x | $7.63 Billion |