Spring Airlines Co Ltd (601021) - Total Assets
Based on the latest financial reports, Spring Airlines Co Ltd (601021) holds total assets worth CN¥48.42 Billion CNY (≈ $7.09 Billion USD) as of March 2026. 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. Explore Spring Airlines Co Ltd debt service capacity to assess how comfortably operating cash covers total debt obligations.
Spring Airlines Co Ltd - Total Assets Trend (2011–2025)
This chart illustrates how Spring Airlines Co Ltd's total assets have evolved over time, based on quarterly financial data. See Spring Airlines Co Ltd book value and equity for net asset value and shareholders' equity analysis.
Spring Airlines Co Ltd - Asset Composition Analysis
Current Asset Composition (December 2025)
Spring Airlines Co Ltd's total assets of CN¥48.42 Billion consist of 22.8% current assets and 77.2% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 18.8% |
| Accounts Receivable | CN¥118.37 Million | 0.3% |
| Inventory | CN¥381.48 Million | 0.8% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥719.32 Million | 1.5% |
| Goodwill | CN¥0.00 | 0.0% |
Asset Composition Trend (2011–2025)
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 market cap.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Spring Airlines Co Ltd's current assets represent 22.8% of total assets in 2025, an increase from 21.8% in 2011.
- Cash Position: Cash and equivalents constituted 18.8% of total assets in 2025, 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 1.5% 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 |
|---|---|---|
|
Eva Airways Corp
TW:2618
|
Taiwan | NT$391.28 Billion |
|
Norwegian Air Shuttle ASA
OL:NAS
|
Norway | Nkr44.19 Billion |
|
Qantas Airways Ltd
AU:QAN
|
Australia | AU$23.89 Billion |
|
Virgin Australia Holdings Ltd
AU:VGN
|
Australia | AU$4.87 Billion |
|
Air New Zealand Ltd
AU:AIZ
|
Australia | AU$9.14 Billion |
|
Regional Express Holdings Ltd
AU:REX
|
Australia | AU$737.16 Million |
|
Air Canada
TO:AC
|
Canada | CA$33.09 Billion |
|
Exchange Income Corporation
TO:EIF
|
Canada | CA$5.23 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 | 0.78 | 1.40 | 0.98 |
| Quick Ratio | 0.75 | 1.36 | 0.96 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥-2.97 Billion | CN¥3.67 Billion | CN¥-190.75 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 | 2.52 |
| Latest Market Cap to Assets Ratio | 0.14 |
| Asset Growth Rate (YoY) | 6.9% |
| Total Assets | CN¥46.88 Billion |
| Market Capitalization | $6.55 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Spring Airlines Co Ltd's assets below their book value (0.14x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Spring Airlines Co Ltd's assets grew by 6.9% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Spring Airlines Co Ltd (2011–2025)
The table below shows the annual total assets of Spring Airlines Co Ltd from 2011 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥46.88 Billion ≈ $6.86 Billion |
+6.94% |
| 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 provides air mail and baggage transportation, and related services; general aviation; intercity charter passenger transportation; inter-city and county fixed-route tourist passenger transportation; and accident, travel, and flight d… Read more