JetBlue Airways Corp (JBLU)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 2,848,000 | 3,982,000 | 4,930,000 | 2,367,000 |
| Total assets | US$ in thousands | 13,853,000 | 13,045,000 | 13,642,000 | 13,406,000 | 11,918,000 |
| Debt-to-assets ratio | 0.00 | 0.22 | 0.29 | 0.37 | 0.20 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $13,853,000K
= 0.00
The debt-to-assets ratio for Jetblue Airways Corp has shown some variability over the past five years. The ratio increased from 0.20 in 2019 to 0.36 in 2020, indicating a higher proportion of debt financing relative to total assets in 2020. However, there was a decrease in the ratio to 0.29 in 2021, followed by a slight increase to 0.28 in 2022. By the end of 2023, the debt-to-assets ratio stood at 0.34, suggesting an increase in the level of debt relative to the company's total assets compared to the previous year. Overall, the trend in the debt-to-assets ratio for Jetblue Airways Corp has been somewhat fluctuating, with a general upward movement over the five-year period. This indicates a varying level of leverage in the company's capital structure and highlights the importance of monitoring debt levels in relation to asset levels for assessing financial risk.
Peer comparison
Dec 31, 2023