JetBlue Airways Corp (JBLU)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 3,337,000 | 3,563,000 | 3,849,000 | 3,951,000 | 4,799,000 |
| Debt-to-capital ratio | 0.00 | 0.44 | 0.51 | 0.56 | 0.33 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $3,337,000K)
= 0.00
The debt-to-capital ratio of Jetblue Airways Corp has exhibited variability over the past five years. The ratio increased from 0.33 in 2019 to 0.55 in 2020, indicating a higher proportion of debt to total capital in that year. However, the ratio remained relatively stable at around 0.51 in 2021 and 2022 before reaching 0.59 in 2023, suggesting an increase in the utilization of debt relative to total capital in the most recent year.
A debt-to-capital ratio of 0.59 in 2023 implies that approximately 59% of Jetblue Airways Corp's capital structure is comprised of debt. This indicates the company relies significantly on debt financing to support its operations and growth initiatives. It is essential for stakeholders to monitor this ratio to assess the company's leverage and financial risk profile, as higher debt levels can increase interest expenses and impact profitability, especially during economic downturns.
Peer comparison
Dec 31, 2023