Spirit Airlines Inc

NYSE SAVE

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Spirit Airlines Inc Debt to Capital Ratio 2 year CAGR for the year ending December 31, 2023: 11.38%

Spirit Airlines Inc Debt to Capital Ratio 2 year CAGR is 11.38% for the year ending December 31, 2023, a 68.70% change year over year. The debt to capital ratio measures the proportion of a company's total capitalization that is financed by debt. It is calculated by dividing total debt by the sum of total debt and shareholders' equity. This ratio provides insights into the capital structure and financial risk of the company. A higher ratio indicates a greater reliance on debt financing. 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 Debt to Capital Ratio for the year ending December 31, 2022 was 0.71, a 14.79% change year over year.
Spirit Airlines Inc Debt to Capital Ratio for the year ending December 31, 2021 was 0.61, a -0.73% change year over year.
Spirit Airlines Inc Debt to Capital Ratio for the year ending December 31, 2020 was 0.62, a 21.16% change year over year.
Spirit Airlines Inc Debt to Capital Ratio for the year ending December 31, 2019 was 0.51, a -3.92% change year over year.

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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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