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) - Total Assets
Latest total assets as of September 2025: $170.75 Million USD
Based on the latest financial reports, Global Crossing Airlines Inc (JETMF) holds total assets worth $170.75 Million USD as of September 2025.
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.
Global Crossing Airlines Inc - Total Assets Trend (2013–2024)
This chart illustrates how Global Crossing Airlines Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Global Crossing Airlines Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Global Crossing Airlines Inc's total assets of $170.75 Million consist of 14.0% current assets and 86.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 7.4% |
| Accounts Receivable | $6.68 Million | 4.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2013–2024)
This chart illustrates how Global Crossing 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: Global Crossing Airlines Inc's current assets represent 14.0% of total assets in 2024, a decrease from 93.0% in 2013.
- Cash Position: Cash and equivalents constituted 7.4% of total assets in 2024, down from 54.9% in 2013.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2013.
- Asset Diversification: The largest asset category is accounts receivable at 4.0% of total assets.
Global Crossing Airlines Inc Competitors by Total Assets
Key competitors of Global Crossing 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 |
Global Crossing 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
Strong asset utilization - Global Crossing Airlines Inc generates 1.34x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Global Crossing Airlines Inc is currently not profitable relative to its asset base.
Global Crossing 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 | 0.23 | 0.30 | 0.45 |
| Quick Ratio | 0.23 | 0.30 | 0.45 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-54.05 Million | $ -39.95 Million | $ -1.94 Million |
Global Crossing Airlines Inc - Advanced Valuation Insights
This section examines the relationship between Global Crossing 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 | 15.33 |
| Latest Market Cap to Assets Ratio | 0.17 |
| Asset Growth Rate (YoY) | 27.0% |
| Total Assets | $166.74 Million |
| Market Capitalization | $28.00 Million USD |
Valuation Analysis
Below Book Valuation: The market values Global Crossing Airlines Inc's assets below their book value (0.17 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Global Crossing Airlines Inc's assets grew by 27.0% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Global Crossing Airlines Inc (2013–2024)
The table below shows the annual total assets of Global Crossing Airlines Inc from 2013 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $166.74 Million | +26.96% |
| 2023-12-31 | $131.33 Million | +156.68% |
| 2022-12-31 | $51.16 Million | +30.94% |
| 2021-12-31 | $39.07 Million | +444.87% |
| 2020-12-31 | $7.17 Million | +1493.97% |
| 2019-12-31 | $449.89K | -91.86% |
| 2018-12-31 | $5.53 Million | +55.11% |
| 2017-12-31 | $3.56 Million | +1686.92% |
| 2016-12-31 | $199.50K | -90.70% |
| 2016-04-30 | $2.15 Million | +25.26% |
| 2016-03-31 | $1.71 Million | +30546.96% |
| 2015-12-31 | $5.59K | -99.87% |
| 2015-04-30 | $4.40 Million | +3788.49% |
| 2014-12-31 | $113.06K | +50.41% |
| 2013-12-31 | $75.17K | -- |