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) - Total Assets
Latest total assets as of June 2024: $9.56 Billion USD
Based on the latest financial reports, Spirit Airlines Inc (SAVE) holds total assets worth $9.56 Billion USD as of June 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Spirit Airlines Inc - Total Assets Trend (2008–2023)
This chart illustrates how Spirit Airlines Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Spirit Airlines Inc - Asset Composition Analysis
Current Asset Composition (December 2023)
Spirit Airlines Inc's total assets of $9.56 Billion consist of 16.1% current assets and 83.9% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 9.2% |
| Accounts Receivable | $205.47 Million | 2.2% |
| Inventory | $119.40 Million | 1.3% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2008–2023)
This chart illustrates how Spirit Airlines Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Spirit Airlines Inc's current assets represent 16.1% of total assets in 2023, a decrease from 44.2% in 2008.
- Cash Position: Cash and equivalents constituted 9.2% of total assets in 2023, up from 6.8% in 2008.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2008.
- Asset Diversification: The largest asset category is accounts receivable at 2.2% of total assets.
Spirit Airlines Inc Competitors by Total Assets
Key competitors of Spirit Airlines Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Korean Air Lines Co
KO:003490
|
Korea | ₩48.75 Trillion |
|
Asiana Airline
KO:020560
|
Korea | ₩12.09 Trillion |
|
Jeju Air Co Ltd
KO:089590
|
Korea | ₩2.24 Trillion |
|
T'way Air Co Ltd
KO:091810
|
Korea | ₩1.78 Trillion |
|
Enter Air Sp. z o.o
F:10N
|
Germany | €3.35 Billion |
|
Eva Airways Corp
TW:2618
|
Taiwan | NT$350.66 Billion |
|
STARLUX Airlines Co. Ltd.
TWO:2646
|
Taiwan | NT$91.35 Billion |
|
Jin Air Co Ltd
KO:272450
|
Korea | ₩1.20 Trillion |
Spirit Airlines Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Moderate asset utilization - Spirit Airlines Inc generates 0.57x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Spirit Airlines Inc is currently not profitable relative to its asset base.
Spirit Airlines Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.94 | 1.05 | 1.33 |
| Quick Ratio | 0.94 | 0.98 | 1.33 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-85.88 Million | $ 86.87 Million | $ 350.51 Million |
Spirit Airlines Inc - Advanced Valuation Insights
This section examines the relationship between Spirit Airlines Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.10 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 2.5% |
| Total Assets | $9.42 Billion |
| Market Capitalization | $16.31 Million USD |
Valuation Analysis
Below Book Valuation: The market values Spirit Airlines Inc's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Spirit Airlines Inc's assets grew by 2.5% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Spirit Airlines Inc (2008–2023)
The table below shows the annual total assets of Spirit Airlines Inc from 2008 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $9.42 Billion | +2.53% |
| 2022-12-31 | $9.18 Billion | +7.55% |
| 2021-12-31 | $8.54 Billion | +1.68% |
| 2020-12-31 | $8.40 Billion | +19.24% |
| 2019-12-31 | $7.04 Billion | +36.36% |
| 2018-12-31 | $5.17 Billion | +24.77% |
| 2017-12-31 | $4.14 Billion | +31.35% |
| 2016-12-31 | $3.15 Billion | +24.56% |
| 2015-12-31 | $2.53 Billion | +57.86% |
| 2014-12-31 | $1.60 Billion | +35.76% |
| 2013-12-31 | $1.18 Billion | +28.36% |
| 2012-12-31 | $919.88 Million | +23.34% |
| 2011-12-31 | $745.81 Million | +56.76% |
| 2010-12-31 | $475.76 Million | +45.11% |
| 2009-12-31 | $327.87 Million | +36.61% |
| 2008-12-31 | $240.01 Million | -- |