Spirit Airlines Inc
Spirit Airlines, Inc. provides airline services. The company also offers hotels and rental cars services. It serves 93 destinations in 15 countries in the United States, Latin America, and the Caribbean. As of December 31, 2023, the company operated a fleet of 205 Airbus single-aisle aircraft. The company was formerly known as Clippert Trucking Company and changed its name to Spirit Airlines, Inc… Read more
Spirit Airlines Inc (SAVE) - Total Liabilities
Latest total liabilities as of June 2024: $8.75 Billion USD
Based on the latest financial reports, Spirit Airlines Inc (SAVE) has total liabilities worth $8.75 Billion USD as of June 2024.
Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities.
Spirit Airlines Inc - Total Liabilities Trend (2008–2023)
This chart illustrates how Spirit Airlines Inc's total liabilities have evolved over time, based on quarterly financial data. Explore and compare other companies by total liabilities.
Spirit Airlines Inc Competitors by Total Liabilities
The table below lists competitors of Spirit Airlines Inc ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
Verusaturk Girisim Sermayesi
IS:VERTU
|
Turkey | TL10.84 Million |
|
Aryt Industries Ltd
TA:ARYT
|
Israel | ILA203.49 Million |
|
Lemonsoft Oyj
HE:LEMON
|
Finland | €21.66 Million |
|
DRGEM Corporation
KQ:263690
|
Korea | ₩30.02 Billion |
|
Ihlas Gazetecilik AS
IS:IHGZT
|
Turkey | TL1.45 Billion |
|
Egide S.A.
PA:ALGID
|
France | €17.17 Million |
|
GetBusy plc
PINK:GETBF
|
USA | $12.27 Million |
|
CVC Ltd
AU:CVC
|
Australia | AU$230.78 Million |
Liability Composition Analysis (2008–2023)
This chart breaks down Spirit Airlines Inc's total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted.
Liquidity & Leverage Metrics
Key Metrics Explained
| Metric | Value | Description |
|---|---|---|
| Current Ratio | 0.94 | Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities) |
| Quick Ratio | N/A | More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities) |
| Cash Ratio | N/A | Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities) |
| Debt to Equity | 10.81 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 0.92 | Portion of assets financed with debt (Total Liabilities ÷ Total Assets) |
Liability Trends Comparison
This chart compares key liability metrics across different time periods, showing how Spirit Airlines Inc's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.
Annual Total Liabilities for Spirit Airlines Inc (2008–2023)
The table below shows the annual total liabilities of Spirit Airlines Inc from 2008 to 2023.
| Year | Total Liabilities | Change |
|---|---|---|
| 2023-12-31 | $8.28 Billion | +8.80% |
| 2022-12-31 | $7.61 Billion | +18.47% |
| 2021-12-31 | $6.43 Billion | +4.50% |
| 2020-12-31 | $6.15 Billion | +28.59% |
| 2019-12-31 | $4.78 Billion | +47.73% |
| 2018-12-31 | $3.24 Billion | +36.99% |
| 2017-12-31 | $2.36 Billion | +34.46% |
| 2016-12-31 | $1.76 Billion | +34.64% |
| 2015-12-31 | $1.31 Billion | +117.57% |
| 2014-12-31 | $599.91 Million | +45.73% |
| 2013-12-31 | $411.65 Million | +22.02% |
| 2012-12-31 | $337.35 Million | +20.87% |
| 2011-12-31 | $279.11 Million | -51.95% |
| 2010-12-31 | $580.83 Million | +14.79% |
| 2009-12-31 | $505.99 Million | +0.82% |
| 2008-12-31 | $501.90 Million | -- |