Spirit Airlines Debt to Equity Ratio 2010-2023 | SAVE
Current and historical debt to equity ratio values for Spirit Airlines (SAVE) over the last 10 years. The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. Spirit Airlines debt/equity for the three months ending December 31, 2023 was 3.17.
| Spirit Airlines Debt/Equity Ratio Historical Data |
| Date |
Long Term Debt |
Shareholder's Equity |
Debt to Equity Ratio |
| 2023-12-31 |
$8.28B |
$1.13B |
7.30 |
| 2023-09-30 |
$8.05B |
$1.32B |
6.11 |
| 2023-06-30 |
$7.90B |
$1.47B |
5.37 |
| 2023-03-31 |
$7.85B |
$1.47B |
5.34 |
| 2022-12-31 |
$7.61B |
$1.57B |
4.84 |
| 2022-09-30 |
$6.85B |
$1.84B |
3.72 |
| 2022-06-30 |
$6.84B |
$1.87B |
3.65 |
| 2022-03-31 |
$6.69B |
$1.92B |
3.48 |
| 2021-12-31 |
$6.43B |
$2.11B |
3.04 |
| 2021-09-30 |
$6.34B |
$2.20B |
2.88 |
| 2021-06-30 |
$6.49B |
$2.18B |
2.98 |
| 2021-03-31 |
$6.30B |
$2.09B |
3.01 |
| 2020-12-31 |
$6.15B |
$2.25B |
2.73 |
| 2020-09-30 |
$6.15B |
$2.40B |
2.56 |
| 2020-06-30 |
$5.43B |
$2.34B |
2.32 |
| 2020-03-31 |
$5.00B |
$2.23B |
2.24 |
| 2019-12-31 |
$4.78B |
$2.26B |
2.12 |
| 2019-09-30 |
$4.40B |
$2.18B |
2.02 |
| 2019-06-30 |
$4.57B |
$2.10B |
2.18 |
| 2019-03-31 |
$4.45B |
$1.98B |
2.25 |
| 2018-12-31 |
$3.24B |
$1.93B |
1.68 |
| 2018-09-30 |
$2.95B |
$1.83B |
1.61 |
| 2018-06-30 |
$2.95B |
$1.73B |
1.70 |
| 2018-03-31 |
$2.94B |
$1.72B |
1.71 |
| 2017-12-31 |
$2.38B |
$1.76B |
1.35 |
| 2017-09-30 |
$2.30B |
$1.57B |
1.47 |
| 2017-06-30 |
$2.17B |
$1.51B |
1.44 |
| 2017-03-31 |
$2.01B |
$1.43B |
1.41 |
| 2016-12-31 |
$1.76B |
$1.40B |
1.26 |
| 2016-09-30 |
$1.79B |
$1.35B |
1.33 |
| 2016-06-30 |
$1.73B |
$1.30B |
1.33 |
| 2016-03-31 |
$1.49B |
$1.28B |
1.16 |
| 2015-12-31 |
$1.31B |
$1.23B |
1.07 |
| 2015-09-30 |
$1.13B |
$1.15B |
0.98 |
| 2015-06-30 |
$1.02B |
$1.08B |
0.95 |
| 2015-03-31 |
$0.89B |
$1.07B |
0.83 |
| 2014-12-31 |
$0.59B |
$1.00B |
0.59 |
| 2014-09-30 |
$0.47B |
$0.95B |
0.50 |
| 2014-06-30 |
$0.47B |
$0.88B |
0.54 |
| 2014-03-31 |
$0.49B |
$0.81B |
0.61 |
| 2013-12-31 |
$0.41B |
$0.77B |
0.54 |
| 2013-09-30 |
$0.40B |
$0.72B |
0.56 |
| 2013-06-30 |
$0.45B |
$0.66B |
0.68 |
| 2013-03-31 |
$0.41B |
$0.62B |
0.66 |
| 2012-12-31 |
$0.34B |
$0.58B |
0.58 |
| 2012-09-30 |
$0.33B |
$0.56B |
0.58 |
| 2012-06-30 |
$0.34B |
$0.53B |
0.65 |
| 2012-03-31 |
$0.35B |
$0.49B |
0.72 |
| 2011-12-31 |
$0.28B |
$0.47B |
0.60 |
| 2011-09-30 |
$0.28B |
$0.44B |
0.63 |
| 2011-06-30 |
$0.30B |
$0.42B |
0.71 |
| 2011-03-31 |
$0.00B |
$0.00B |
0.00 |
| 2010-12-31 |
$0.00B |
|
0.00 |
| 2010-09-30 |
$0.00B |
$0.00B |
0.00 |
| 2010-06-30 |
$0.00B |
$0.00B |
0.00 |
| 2009-12-31 |
$0.00B |
$0.00B |
0.00 |
| Sector |
Industry |
Market Cap |
Revenue |
| Transportation |
Transportation - Airlines |
$0.416B |
$5.363B |
|
Spirit Airlines, Inc. is an ultra low-cost carrier. The company provides travel opportunities principally to and from South Florida, the Caribbean and Latin America. Its strategy of unbundling its services and offering customers the option for purchase, ranging from bags and seat assignment to refreshments, has been much appreciated. The unbundled base fares do away with the components that are traditionally included in ticket prices. Its primary markets are of three types: large leisure destinations (Orlando, Ft. Lauderdale, Las Vegas, New Orleans, Myrtle Beach, Ft. Myers), large domestic markets (large metropolitan cities) and international destinations (Latin America, Caribbean & northern South America). The company maintains a young all-airbus fleet, which operates multiple daily flights across countries including the United States, Caribbean and Latin America. The fleet is highly fuel-efficient. Its jets are categorised into A319 CEO, A320 CEO, A320 NEO, and A321 CEO.
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