Spirit Airlines Inc

NYSE SAVE

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Spirit Airlines Inc Cash to Debt Ratio 5 year CAGR for the Trailing 12 Months (TTM) ending March 31, 2024: -13.57%

Spirit Airlines Inc Cash to Debt Ratio 5 year CAGR is -13.57% for the Trailing 12 Months (TTM) ending March 31, 2024, a -29.87% change year over year. The cash to debt ratio assesses a company's ability to cover its total debt obligations with its available cash. It is calculated by dividing cash by total debt. This ratio indicates the company's liquidity and its capacity to meet its debt obligations using its cash reserves. A higher cash to debt ratio suggests a stronger ability to cover debts with cash resources. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Spirit Airlines Inc Cash to Debt Ratio for the Trailing 12 Months (TTM) ending March 31, 2023 was 0.34, a -22.60% change year over year.
Spirit Airlines Inc Cash to Debt Ratio for the Trailing 12 Months (TTM) ending March 31, 2022 was 0.44, a -7.60% change year over year.
Spirit Airlines Inc Cash to Debt Ratio for the Trailing 12 Months (TTM) ending March 31, 2021 was 0.48, a 20.38% change year over year.
Spirit Airlines Inc Cash to Debt Ratio for the Trailing 12 Months (TTM) ending March 31, 2020 was 0.40, a -9.45% change year over year.

NYSE: SAVE

Spirit Airlines Inc

CEO	Mr. Edward M. Christie III
IPO Date	May 26, 2011
Location	United States
Headquarters	2800 Executive Way, Miramar, FL, United States, 33025
Employees	13,167
Sector	Industrials
Industry	Airlines

Description

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. in 1992. Spirit Airlines, Inc. was incorporated in 1964 and is headquartered in Miramar, Florida.

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