Spirit Airlines Financials
| SAVE Stock | USD 3.22 0.18 5.29% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.24 | 0.9046 |
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The essential information of the day-to-day investment outlook for Spirit Airlines includes many different criteria found on its balance sheet. An individual investor should monitor Spirit Airlines' cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Spirit Airlines.
Net Income |
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Spirit | Select Account or Indicator |
Understanding current and past Spirit Airlines Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Spirit Airlines' financial statements are interrelated, with each one affecting the others. For example, an increase in Spirit Airlines' assets may result in an increase in income on the income statement.
Please note, the presentation of Spirit Airlines' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Spirit Airlines' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Spirit Airlines' management manipulating its earnings.
Spirit Airlines Stock Summary
Spirit Airlines competes with Sun Country, Frontier Group, Southwest Airlines, United Airlines, and Delta Air. It serves 85 destinations in 16 countries in the United States, Latin America, and the Caribbean. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida. Spirit Airlines operates under Airlines classification in the United States and is traded on New York Stock Exchange. It employs 9823 people.Specialization | Industrials, Transportation |
| Instrument | USA Stock View All |
| Exchange | New York Stock Exchange |
| ISIN | US8485771021 |
| CUSIP | 848577102 |
| Location | Florida; U.S.A |
| Business Address | 2800 Executive Way, |
| Sector | Passenger Airlines |
| Industry | Industrials |
| Benchmark | Dow Jones Industrial |
| Website | www.spirit.com |
| Phone | 954 447 7920 |
| Currency | USD - US Dollar |
Spirit Airlines Key Financial Ratios
| Return On Equity | -0.59 | ||||
| Profit Margin | (0.13) % | ||||
| Operating Margin | (0.13) % | ||||
| Price To Sales | 0.07 X | ||||
| Revenue | 5.36 B |
Spirit Airlines Key Balance Sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 7.0B | 8.4B | 8.5B | 9.2B | 9.4B | 9.9B | |
| Other Current Liab | 352.9M | 326.2M | 457.7M | 534.3M | 669.2M | 702.6M | |
| Net Debt | 2.6B | 3.1B | 3.8B | 4.9B | 6.1B | 6.4B | |
| Retained Earnings | 2.0B | 1.5B | 1.1B | 504.2M | 56.8M | 53.9M | |
| Accounts Payable | 43.6M | 28.5M | 45.0M | 75.4M | 42.1M | 30.1M | |
| Cash | 979.0M | 1.8B | 1.3B | 1.3B | 865.2M | 806.6M | |
| Net Receivables | 94.8M | 190.4M | 166.7M | 233.5M | 205.5M | 215.7M | |
| Other Current Assets | 227.4M | 417.0M | 273.8M | 307.0M | 209.5M | 179.3M | |
| Total Liab | 4.8B | 6.1B | 6.4B | 7.6B | 8.3B | 8.7B | |
| Total Current Assets | 1.4B | 2.4B | 1.8B | 2.0B | 1.5B | 1.1B | |
| Short Term Debt | 400.2M | 585.4M | 390.6M | 557.3M | 576.6M | 605.4M | |
| Other Liab | 491.6M | 492.0M | 423.2M | 360.5M | 414.6M | 252.8M | |
| Other Assets | 758.1M | 5.7B | 890.4M | 741.7M | 853.0M | 963.8M | |
| Long Term Debt | 2.0B | 3.1B | 3.0B | 3.2B | 3.1B | 3.2B | |
| Net Tangible Assets | 2.3B | 3.5B | 3.9B | 4.0B | 4.6B | 4.9B | |
| Capital Surpluse | 379.4M | 799.5M | 1.1B | 1.1B | 1.3B | 692.4M | |
| Treasury Stock | (67.0M) | (72.5M) | (74.1M) | (75.6M) | (68.1M) | (71.5M) | |
| Short Long Term Debt | 258.9M | 384.2M | 208.9M | 346.9M | 315.6M | 213.2M | |
| Long Term Debt Total | 2.0B | 3.1B | 3.0B | 3.2B | 3.7B | 2.2B |
Spirit Airlines Key Income Statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 88.9M | 118.5M | 121.1M | 100.8M | 122.5M | 128.6M | |
| Total Revenue | 3.8B | 1.8B | 3.2B | 5.1B | 5.4B | 5.6B | |
| Gross Profit | 1.0B | (368.0M) | 232.1M | 756.6M | 590.9M | 594.4M | |
| Operating Income | 501.0M | (507.8M) | (56.9M) | (598.9M) | (495.8M) | (471.0M) | |
| Ebit | 543.4M | (802.2M) | (442.0M) | (133.2M) | (348.0M) | (330.6M) | |
| Ebitda | 768.6M | (523.6M) | (144.8M) | 179.9M | (27.1M) | (25.8M) | |
| Cost Of Revenue | 2.8B | 2.2B | 3.0B | 4.3B | 4.8B | 5.0B | |
| Income Before Tax | 436.4M | (620.2M) | (520.3M) | (700.7M) | (558.6M) | (530.7M) | |
| Net Income | 335.3M | (428.7M) | (472.6M) | (554.2M) | (447.5M) | (425.1M) | |
| Income Tax Expense | 101.2M | (191.5M) | (47.8M) | (146.6M) | (111.1M) | (105.6M) | |
| Tax Provision | 101.2M | (191.5M) | (47.8M) | (146.6M) | (136.1M) | (129.3M) | |
| Interest Income | 25.1M | 6.3M | 5.4M | 20.2M | 60.4M | 63.4M | |
| Net Interest Income | (63.7M) | (112.2M) | (131.2M) | (97.0M) | (78.3M) | (82.2M) |
Spirit Airlines Key Cash Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (122.5M) | (88.7M) | 237.7M | 216.9M | 249.5M | 261.9M | |
| Change In Cash | (25.8M) | 882.2M | (432.2M) | 36.8M | (481.1M) | (457.1M) | |
| Free Cash Flow | 216.8M | (774.1M) | (141.5M) | (353.3M) | (524.1M) | (497.9M) | |
| Depreciation | 225.3M | 278.6M | 297.2M | 313.1M | 320.9M | 336.9M | |
| Other Non Cash Items | 167.6M | 23.3M | 350.0M | 409.3M | 61.5M | 91.8M | |
| Capital Expenditures | 334.5M | 548.8M | 350.4M | 264.2M | 277.4M | 362.2M | |
| Net Income | 335.3M | (428.7M) | (472.6M) | (554.2M) | (447.5M) | (425.1M) | |
| End Period Cash Flow | 979.0M | 1.9B | 1.4B | 1.5B | 984.6M | 834.5M | |
| Net Borrowings | (117.4M) | 1.3B | (663.0M) | 394.5M | 453.7M | 291.2M | |
| Change To Netincome | 140.7M | (32.1M) | 298.7M | 243.3M | 279.7M | 293.7M | |
| Investments | (314.8M) | (13.5M) | (18.1M) | (19.4M) | (246.6M) | (258.9M) |
Spirit Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Spirit Airlines's current stock value. Our valuation model uses many indicators to compare Spirit Airlines value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Spirit Airlines competition to find correlations between indicators driving Spirit Airlines's intrinsic value. More Info.Spirit Airlines is rated below average in return on equity category among its peers. It also is rated below average in return on asset category among its peers . At present, Spirit Airlines' Return On Equity is projected to slightly decrease based on the last few years of reporting. Comparative valuation analysis is a catch-all technique that is used if you cannot value Spirit Airlines by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Spirit Airlines Systematic Risk
Spirit Airlines' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Spirit Airlines volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Spirit Airlines correlated with the market. If Beta is less than 0 Spirit Airlines generally moves in the opposite direction as compared to the market. If Spirit Airlines Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Spirit Airlines is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Spirit Airlines is generally in the same direction as the market. If Beta > 1 Spirit Airlines moves generally in the same direction as, but more than the movement of the benchmark.
Spirit Airlines Thematic Clasifications
Spirit Airlines is part of Airlines investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Major domestic and international airlines. Domestic and international airlines and airline services
This theme covers Major domestic and international airlines. Domestic and international airlines and airline services. Get More Thematic Ideas
| Airlines | View |
Today, most investors in Spirit Airlines Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Spirit Airlines' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Spirit Airlines growth as a starting point in their analysis.
Price Earnings To Growth Ratio |
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Spirit Airlines November 13, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Spirit Airlines help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Spirit Airlines. We use our internally-developed statistical techniques to arrive at the intrinsic value of Spirit Airlines based on widely used predictive technical indicators. In general, we focus on analyzing Spirit Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Spirit Airlines's daily price indicators and compare them against related drivers.
| Downside Deviation | 6.92 | |||
| Information Ratio | 0.0651 | |||
| Maximum Drawdown | 74.49 | |||
| Value At Risk | (9.41) | |||
| Potential Upside | 15.29 |
Complementary Tools for Spirit Stock analysis
When running Spirit Airlines' price analysis, check to measure Spirit Airlines' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Spirit Airlines is operating at the current time. Most of Spirit Airlines' value examination focuses on studying past and present price action to predict the probability of Spirit Airlines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spirit Airlines' price. Additionally, you may evaluate how the addition of Spirit Airlines to your portfolios can decrease your overall portfolio volatility.
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