JetBlue Airways Corp (JBLU)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 16,841,000 | 16,627,000 | 13,993,000 | 13,721,000 | 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 | 13,353,000 | 13,433,000 | 14,027,000 | 12,340,000 |
| Total stockholders’ equity | US$ in thousands | 2,641,000 | 2,644,000 | 2,697,000 | 2,633,000 | 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 | 3,943,000 | 3,717,000 | 4,094,000 | 4,366,000 |
| Financial leverage ratio | 6.38 | 6.29 | 5.19 | 5.21 | 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 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $16,841,000K ÷ $2,641,000K
= 6.38
The financial leverage ratio of JetBlue Airways Corp has shown a gradual increase over the periods analyzed. Starting at 2.83 in March 2020, the ratio increased to 6.38 by December 2024. The ratio peaked at 6.38 in December 2024, indicating that the company's reliance on debt to finance its operations and growth has significantly increased over the years. This rising trend in the financial leverage ratio suggests that JetBlue Airways Corp may be taking on more debt relative to its equity, which can increase financial risk and impact the company's ability to meet its debt obligations in the long term. Investors and stakeholders should closely monitor the company's leverage levels to assess its overall financial health and sustainability.
Peer comparison
Dec 31, 2024