Spring Airlines Co Ltd (601021) - Total Assets
Based on the latest financial reports, Spring Airlines Co Ltd (601021) holds total assets worth CN¥46.53 Billion CNY (≈ $6.81 Billion 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. See 601021 book value for net asset value and shareholders' equity analysis.
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.
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. For live market cap, price, and company overview, see 601021 company net worth.
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 |
|---|---|---|
|
Juneyao Airlines
SHG:603885
|
China | CN¥49.89 Billion |
|
Air China Limited
F:AD2
|
Germany | €343.05 Billion |
|
AIR CHINA LTD H ADR/20
F:AD2B
|
Germany | €343.05 Billion |
|
JetBlue Airways Corp
NASDAQ:JBLU
|
USA | $16.60 Billion |
|
Norwegian Air Shuttle ASA
OL:NAS
|
Norway | Nkr44.19 Billion |
|
Frontier Group Holdings Inc
NASDAQ:ULCC
|
USA | $7.22 Billion |
|
Qantas Airways Ltd
AU:QAN
|
Australia | AU$23.89 Billion |
|
Virgin Australia Holdings Ltd
AU:VGN
|
Australia | AU$4.87 Billion |
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 | 2.49 |
| Latest Market Cap to Assets Ratio | 0.15 |
| Asset Growth Rate (YoY) | -0.9% |
| Total Assets | CN¥43.84 Billion |
| Market Capitalization | $6.75 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Spring Airlines Co Ltd's assets below their book value (0.15x), 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 ≈ $6.41 Billion |
-0.91% |
| 2023-12-31 | CN¥44.24 Billion ≈ $6.47 Billion |
+1.88% |
| 2022-12-31 | CN¥43.42 Billion ≈ $6.35 Billion |
+13.31% |
| 2021-12-31 | CN¥38.32 Billion ≈ $5.61 Billion |
+18.16% |
| 2020-12-31 | CN¥32.43 Billion ≈ $4.75 Billion |
+10.43% |
| 2019-12-31 | CN¥29.37 Billion ≈ $4.30 Billion |
+10.50% |
| 2018-12-31 | CN¥26.58 Billion ≈ $3.89 Billion |
+28.99% |
| 2017-12-31 | CN¥20.60 Billion ≈ $3.01 Billion |
+4.87% |
| 2016-12-31 | CN¥19.65 Billion ≈ $2.87 Billion |
+22.57% |
| 2015-12-31 | CN¥16.03 Billion ≈ $2.35 Billion |
+42.33% |
| 2014-12-31 | CN¥11.26 Billion ≈ $1.65 Billion |
+47.18% |
| 2013-12-31 | CN¥7.65 Billion ≈ $1.12 Billion |
+9.29% |
| 2012-12-31 | CN¥7.00 Billion ≈ $1.02 Billion |
+44.58% |
| 2011-12-31 | CN¥4.84 Billion ≈ $708.60 Million |
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About 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