Spirit Airlines
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Spirit Airlines's balance sheet done over the years? Its assets were worth $9,417,237,000 last year, which is more than in the previous period. 88% of Spirit Airlines’s total assets is currently financed by debt. Its liabilities reached the amount of $8,282,895,000, which means an increase by 9% compared compared to last year.
Debt to Assets
| 2014 | 1602981000 | 599.90M | 37.42% |
|---|---|---|---|
| 2015 | 2530545000 | 1.30B | 51.58% |
| 2016 | 3151927000 | 1.75B | 55.75% |
| 2017 | 4139945000 | 2.36B | 57.07% |
| 2018 | 5165457000 | 3.23B | 62.67% |
| 2019 | 7043412000 | 4.78B | 67.89% |
| 2020 | 8398825000 | 6.14B | 73.21% |
| 2021 | 8540025000 | 6.42B | 75.25% |
| 2022 | 9184774000 | 7.61B | 82.89% |
| 2023 | 9417237000 | 8.28B | 87.95% |
SAVE Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 865.21M | 1.34B | 1.33B | 1.78B | 978.95M | 1.00B | 800.84M | 700.9M | 803.63M | 632.78M |
Short term investments | 112.50M | 107.11M | 106.31M | 106.33M | 105.32M | 102.78M | 100.93M | 100.15M | 0 | 0 |
Net receivables | 205.46M | 233.53M | 166.71M | 190.4M | 94.82M | 47.66M | 119.16M | 41.13M | 28.26M | 22.68M |
Inventory | 0 | 0 | -37.89M | -147.46M | -21.01M | 0 | -4.00M | 0 | 0 | 0 |
Other current assets | 328.94M | 306.98M | 273.84M | 416.97M | 227.35M | 190.28M | 85.54M | 133.65M | 48.74M | 104.84M |
Total current assets | 1.51B | 1.99B | 1.84B | 2.35B | 1.38B | 1.34B | 1.27B | 975.84M | 1.02B | 731.14M |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 7.56B | 6.93B | 6.29B | 5.60B | 5.19B | 3.35B | 2.49B | 1.79B | 1.13B | 468.25M |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current assets | 236.47M | 27.32M | 30.12M | -2.70M | -3.11M | 112.06M | 58.39M | 77.02M | 151.67M | 393.94M |
Total non-current assets | 7.90B | 7.19B | 6.69B | 6.04B | 5.65B | 3.81B | 2.86B | 2.17B | 1.50B | 871.84M |
Total assets | 9.41B | 9.18B | 8.54B | 8.39B | 7.04B | 5.16B | 4.13B | 3.15B | 2.53B | 1.60B |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 383.75M | 429.61M | 382.31M | 401.96M | 315.40M | 291.98M | 246.40M | 206.39M | 216.83M | 188.87M |
Short term debt | 576.56M | 557.25M | 390.62M | 585.36M | 400.17M | 163.55M | 115.43M | 84.35M | 49.63M | 10.43M |
Total current liabilities | 1.67B | 1.59B | 1.27B | 1.34B | 1.11B | 834.53M | 643.02M | 531.95M | 466.24M | 365.62M |
| Non-current liabilities: | ||||||||||
Long term debt | 6.35B | 5.65B | 4.72B | 4.31B | 3.17B | 2.02B | 1.05B | 897.35M | 596.69M | 135.81M |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -950K | 0 | 0 | 0 |
Total non-current liabilities | 6.61B | 6.01B | 5.15B | 4.80B | 3.67B | 2.40B | 1.71B | 1.22B | 838.99M | 234.28M |
Total liabilities | 8.28B | 7.61B | 6.42B | 6.14B | 4.78B | 3.23B | 2.36B | 1.75B | 1.30B | 599.90M |
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