JetBlue Airways Corp (JBLU)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
The solvency ratios of JetBlue Airways Corp indicate a strong financial position with minimal debt obligations relative to its assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have consistently remained at 0.00 from March 2020 to December 2024, reflecting that the company's total debt is negligible compared to its total assets, capital, and equity.
The Financial leverage ratio, which provides insights into the company's reliance on debt financing, has shown a gradual increase over the years, reaching a peak of 6.38 in December 2024. While this suggests a higher level of financial leverage, JetBlue Airways Corp continues to maintain a healthy level of solvency and financial stability due to its low debt-to-asset, debt-to-capital, and debt-to-equity ratios. It is important for the company to keep monitoring its financial leverage ratio to ensure that it remains manageable and sustainable in the long term.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | -1.55 | -2.42 | -3.53 | -2.94 | -0.67 | -0.22 | 1.34 | -0.82 | -1.69 | -3.11 | -4.21 | -4.54 | -3.69 | -4.76 | -6.61 | -7.96 | -9.65 | -7.43 | -2.86 | 5.79 |
The interest coverage ratio for JetBlue Airways Corp has been fluctuating over the period of March 31, 2020, to December 31, 2024. The interest coverage ratio measures the company's ability to cover its interest expenses with its operating income. A ratio below 1 indicates that the company is not generating enough operating income to cover its interest payments.
JetBlue's interest coverage ratio started at 5.79 on March 31, 2020, which suggests that the company was comfortably covering its interest expenses with operating income at that time. However, the ratio turned negative in the following quarters, indicating that JetBlue was not generating enough income to cover its interest payments, which could raise concerns about the company's financial stability and ability to meet its debt obligations.
The negative trend continued until June 30, 2023, when the interest coverage ratio turned positive at 1.34, indicating a slight improvement in the company's ability to cover its interest expenses. JetBlue continued to show some recovery, with subsequent quarters showing mixed results but generally trending towards better coverage.
Overall, the fluctuating interest coverage ratio for JetBlue Airways Corp over the analyzed period highlights the importance of monitoring the company's operating performance and financial health, especially its ability to generate sufficient income to meet its interest obligations and maintain financial stability.