JetBlue Airways Corp (JBLU)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 3,337,000 | 3,420,000 | 3,554,000 | 3,373,000 | 3,563,000 | 3,507,000 | 3,446,000 | 3,598,000 | 3,849,000 | 3,949,000 | 3,813,000 | 3,714,000 | 3,951,000 | 3,717,000 | 4,094,000 | 4,366,000 | 4,799,000 | 4,764,000 | 4,697,000 | 4,607,000 |
| Debt-to-capital ratio | 0.00 | 0.47 | 0.45 | 0.45 | 0.44 | 0.45 | 0.47 | 0.49 | 0.51 | 0.51 | 0.53 | 0.57 | 0.56 | 0.55 | 0.46 | 0.30 | 0.33 | 0.26 | 0.24 | 0.24 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $3,337,000K)
= 0.00
Jetblue Airways Corp's debt-to-capital ratio has shown some fluctuation over the past eight quarters. The ratio increased from 0.51 in Q1 2022 to 0.59 in Q4 2023, indicating a higher reliance on debt relative to total capital in the most recent quarter. Throughout this period, the ratio has generally remained in the range of 0.51 to 0.54, with minor variations.
The debt-to-capital ratio is a measure of a company's financial leverage and risk exposure. A higher ratio suggests a greater proportion of debt in the company's capital structure, which can increase financial risk and interest expenses. Conversely, a lower ratio indicates a stronger equity position, potentially signaling improved financial stability.
For Jetblue Airways Corp, the recent increase in the debt-to-capital ratio may indicate an elevated level of debt relative to its total capital base, which could lead to increased financial risk. It is essential for the company to carefully manage its debt levels to maintain a healthy balance between debt and equity financing. Monitoring this ratio over time can provide valuable insights into the company's capital structure and financial health.
Peer comparison
Dec 31, 2023