JetBlue Airways Corp (JBLU)
Debt-to-equity 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-equity ratio | 0.00 | 0.88 | 0.80 | 0.81 | 0.80 | 0.82 | 0.90 | 0.97 | 1.03 | 1.04 | 1.14 | 1.34 | 1.25 | 1.23 | 0.86 | 0.43 | 0.49 | 0.34 | 0.31 | 0.32 |
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 for Jetblue Airways Corp has shown some fluctuations over the past eight quarters. The ratio increased from 1.02 in Q4 2022 to 1.41 in Q4 2023, indicating a higher level of debt relative to equity at the end of 2023. Subsequently, the ratio decreased to 1.17 in Q3 2023, suggesting a slight improvement in the company's leverage position.
In the following quarter, Q2 2023, the debt-to-equity ratio further declined to 1.06, remaining at the same level in Q1 2023. This stability in the ratio indicates a consistent balance between debt and equity financing during the first half of 2023.
Comparing these recent trends to the ratios in Q3 and Q2 2022, where the ratio was 1.07 and 1.11 respectively, it is evident that there has been some moderation in the levels of debt relative to equity. However, the most recent data point in Q4 2023 shows a notable increase in leverage compared to the previous quarters.
Further analysis of the company's financial health and capital structure would be necessary to fully understand the implications of these fluctuations in the debt-to-equity ratio for Jetblue Airways Corp.
Peer comparison
Dec 31, 2023