Spring Airlines Co Ltd
Spring Airlines Co., Ltd. engages in the air passenger and cargo transportation business in Mainland China, Hong Kong, Macao, Taiwan, and internationally. The company also provides air mail and luggage transportation, and extended services; general aviation; inter-city-chartered passenger transportation; inter-city and county fixed-route tourist passenger transportation; and accident, travel, and… Read more
Spring Airlines Co Ltd (601021) - Total Assets
Latest total assets as of September 2025: CN¥46.53 Billion CNY
Based on the latest financial reports, Spring Airlines Co Ltd (601021) holds total assets worth CN¥46.53 Billion CNY 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.
Spring Airlines Co Ltd - Total Assets Trend (2011–2024)
This chart illustrates how Spring Airlines Co Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Spring Airlines Co Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Spring Airlines Co Ltd's total assets of CN¥46.53 Billion consist of 27.4% current assets and 72.6% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 23.3% |
| Accounts Receivable | CN¥498.09 Million | 1.1% |
| Inventory | CN¥355.06 Million | 0.8% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥733.33 Million | 1.7% |
| Goodwill | CN¥0.00 | 0.0% |
Asset Composition Trend (2011–2024)
This chart illustrates how Spring Airlines Co Ltd'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: Spring Airlines Co Ltd's current assets represent 27.4% of total assets in 2024, an increase from 21.8% in 2011.
- Cash Position: Cash and equivalents constituted 23.3% of total assets in 2024, up from 14.9% in 2011.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 1.0% of total assets, an increase from 0.0% in 2011.
- Asset Diversification: The largest asset category is intangible assets at 1.7% of total assets.
Spring Airlines Co Ltd Competitors by Total Assets
Key competitors of Spring Airlines Co Ltd 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 |
Spring Airlines Co Ltd - 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 - Spring Airlines Co Ltd generates 0.46x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, Spring Airlines Co Ltd generates $5.19 in net profit.
Spring Airlines Co Ltd - 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 | 1.07 | 1.29 | 0.95 |
| Quick Ratio | 1.03 | 1.26 | 0.93 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥749.45 Million | CN¥ 2.50 Billion | CN¥ -564.56 Million |
Spring Airlines Co Ltd - Advanced Valuation Insights
This section examines the relationship between Spring Airlines Co Ltd'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 | 2.68 |
| Latest Market Cap to Assets Ratio | 0.06 |
| Asset Growth Rate (YoY) | -0.9% |
| Total Assets | CN¥43.84 Billion |
| Market Capitalization | $2.78 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Spring Airlines Co Ltd's assets below their book value (0.06 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Spring Airlines Co Ltd's assets decreased by 0.9% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Spring Airlines Co Ltd (2011–2024)
The table below shows the annual total assets of Spring Airlines Co Ltd from 2011 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥43.84 Billion | -0.91% |
| 2023-12-31 | CN¥44.24 Billion | +1.88% |
| 2022-12-31 | CN¥43.42 Billion | +13.31% |
| 2021-12-31 | CN¥38.32 Billion | +18.16% |
| 2020-12-31 | CN¥32.43 Billion | +10.43% |
| 2019-12-31 | CN¥29.37 Billion | +10.50% |
| 2018-12-31 | CN¥26.58 Billion | +28.99% |
| 2017-12-31 | CN¥20.60 Billion | +4.87% |
| 2016-12-31 | CN¥19.65 Billion | +22.57% |
| 2015-12-31 | CN¥16.03 Billion | +42.33% |
| 2014-12-31 | CN¥11.26 Billion | +47.18% |
| 2013-12-31 | CN¥7.65 Billion | +9.29% |
| 2012-12-31 | CN¥7.00 Billion | +44.58% |
| 2011-12-31 | CN¥4.84 Billion | -- |