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.