JetBlue Airways Corp (JBLU)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 4.15 | 3.92 | 3.79 | 3.92 | 3.66 | 3.80 | 3.93 | 3.84 | 3.54 | 3.56 | 3.78 | 3.68 | 3.39 | 3.61 | 3.43 | 2.83 | 2.48 | 2.38 | 2.39 | 2.41 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $13,853,000K ÷ $3,337,000K
= 4.15
The financial leverage ratio of Jetblue Airways Corp has been fluctuating over the past eight quarters, ranging from a low of 3.66 in Q4 2022 to a high of 4.15 in Q4 2023. This ratio indicates that, on average, the company's assets are financed using 3.79 to 4.15 times more debt than equity.
An increasing trend in the financial leverage ratio, as seen from Q4 2022 to Q4 2023, suggests that the company has been utilizing more debt in its capital structure. This may indicate a higher risk for the company due to increased financial leverage, as higher levels of debt can lead to higher interest expenses and, ultimately, impact profitability.
Conversely, a decreasing trend in the financial leverage ratio, such as from Q2 2023 to Q3 2023, could suggest a shift towards a more conservative capital structure with lower dependence on debt financing. This may indicate a more stable financial position but could also limit the company's growth opportunities.
Overall, it is important for Jetblue Airways Corp to carefully manage its financial leverage ratio to maintain an optimal balance between debt and equity financing, ensuring financial stability and sustainable growth in the long term.
Peer comparison
Dec 31, 2023