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) - Total Assets
Latest total assets as of September 2024: $162.57 Million USD
Based on the latest financial reports, JETBF (JETBF) holds total assets worth $162.57 Million USD as of September 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.
JETBF - Total Assets Trend (2019–2023)
This chart illustrates how JETBF’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
JETBF - Asset Composition Analysis
Current Asset Composition (December 2023)
JETBF's total assets of $162.57 Million consist of 23.3% current assets and 76.7% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 8.8% |
| Accounts Receivable | $10.18 Million | 7.8% |
| 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 (2019–2023)
This chart illustrates how JETBF'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: JETBF's current assets represent 23.3% of total assets in 2023, an increase from 1.2% in 2019.
- Cash Position: Cash and equivalents constituted 8.8% of total assets in 2023, down from 59.7% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2019.
- Asset Diversification: The largest asset category is accounts receivable at 7.8% of total assets.
JETBF Competitors by Total Assets
Key competitors of JETBF based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Jin Air Co Ltd
KO:272450
|
Korea | ₩1.20 Trillion |
|
Korean Air Lines Co Ltd
KO:003495
|
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 |
JETBF - 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 - JETBF generates 1.22x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - JETBF is currently not profitable relative to its asset base.
JETBF - 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 | 0.30 | 0.67 | 0.75 |
| Quick Ratio | 0.30 | 0.67 | 0.75 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-39.95 Million | $ -14.00 Million | $ -4.69 Million |
JETBF - Advanced Valuation Insights
This section examines the relationship between JETBF'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 | - |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 156.7% |
| Total Assets | $131.33 Million |
| Market Capitalization | $6.66K USD |
Valuation Analysis
Below Book Valuation: The market values JETBF's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: JETBF's assets grew by 156.7% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for JETBF (2019–2023)
The table below shows the annual total assets of JETBF from 2019 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 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 | +1982.16% |
| 2019-12-31 | $344.41K | -- |