JetBlue Airways Corp (JBLU)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 3,017,000 | 2,855,000 | 2,733,000 | 2,848,000 | 2,884,000 | 3,101,000 | 3,485,000 | 3,982,000 | 4,093,000 | 4,344,000 | 4,983,000 | 4,930,000 | 4,578,000 | 3,532,000 | 1,886,000 | 2,367,000 | 1,637,000 | 1,471,000 | 1,465,000 |
| Total assets | US$ in thousands | 13,853,000 | 13,412,000 | 13,481,000 | 13,227,000 | 13,045,000 | 13,330,000 | 13,543,000 | 13,803,000 | 13,642,000 | 14,069,000 | 14,415,000 | 13,660,000 | 13,406,000 | 13,433,000 | 14,027,000 | 12,340,000 | 11,918,000 | 11,319,000 | 11,236,000 | 11,115,000 |
| Debt-to-assets ratio | 0.00 | 0.22 | 0.21 | 0.21 | 0.22 | 0.22 | 0.23 | 0.25 | 0.29 | 0.29 | 0.30 | 0.36 | 0.37 | 0.34 | 0.25 | 0.15 | 0.20 | 0.14 | 0.13 | 0.13 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $13,853,000K
= 0.00
The debt-to-assets ratio of Jetblue Airways Corp has been gradually increasing over the last eight quarters, starting at 0.28 in Q1 2022 and reaching 0.34 in Q4 2023. This indicates that the company has been relying more on debt to finance its assets over time. However, the ratio has remained relatively stable around the 0.28 to 0.30 range for the past five quarters before the recent increase.
A higher debt-to-assets ratio suggests that Jetblue Airways Corp has a higher proportion of debt in relation to its total assets, which can indicate a higher financial risk and leverage. Investors and creditors may view a rising debt-to-assets ratio as a potential concern, as it may indicate increased financial pressure or challenges in meeting debt obligations in the future.
It would be important for Jetblue Airways Corp to carefully monitor and manage its debt levels to ensure a healthy balance between debt and assets, and to maintain its financial stability and creditworthiness in the long term. Additionally, the company may need to consider strategies to reduce its reliance on debt financing if the trend of increasing debt-to-assets ratio continues.
Peer comparison
Dec 31, 2023