JetBlue Airways Corp (JBLU)
Debt-to-equity 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-equity ratio | 0.00 | 0.80 | 1.03 | 1.25 | 0.49 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,337,000K
= 0.00
The debt-to-equity ratio is a vital financial metric indicating the proportion of a company's financing that comes from debt as opposed to equity. Jetblue Airways Corp's debt-to-equity ratio has fluctuated over the past five years, ranging from 0.49 in 2019 to 1.41 in 2023.
The upward trend in the debt-to-equity ratio from 2020 to 2023 suggests an increase in the company's reliance on debt to finance its operations and growth. This may indicate potential risks related to higher levels of debt, such as increased interest payments and financial leverage.
It is important for investors and stakeholders to monitor the debt-to-equity ratio closely as it can provide insights into the company's financial health and risk profile. Further analysis of Jetblue Airways Corp's overall debt levels, profitability, and ability to service its debt obligations would be necessary to fully assess the implications of the changing debt-to-equity ratio.
Peer comparison
Dec 31, 2023