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Spirit Airlines (SAVE)

(Delayed Data from NYSE)

$3.91 USD

3.91
7,806,831

-0.13 (-3.22%)

Updated Apr 22, 2024 04:00 PM ET

Pre-Market: $3.85 -0.06 (-1.53%) 8:52 AM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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F Value F Growth C Momentum F VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 40% (151 out of 252)

Industry: Transportation - Airline

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Balance Sheet

Research for SAVE

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Spirit Airlines, Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 1,097 1,573 1,535 1,967 1,084
Receivables 205 234 167 190 95
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 210 188 141 198 206
Total Current Assets 1,512 1,994 1,842 2,356 1,385
Net Property & Equipment 3,519 3,750 3,857 3,832 3,530
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 314 190 330 348 362
Intangibles 0 0 0 0 0
Deposits & Other Assets 511 551 560 446 397
Total Assets 9,417 9,185 8,540 8,399 7,043
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 42 75 45 28 44
Current Portion Long-Term Debt 316 347 209 384 259
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 1,089 986 863 796 689
Total Current Liabilities 1,672 1,597 1,276 1,342 1,112
Mortgages 0 0 0 0 0
Deferred Taxes/Income 108 227 375 440 469
Convertible Debt 0 0 0 0 0
Long-Term Debt 3,055 3,200 2,976 3,067 1,960
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 149 134 48 52 22
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 8,283 7,613 6,426 6,149 4,782
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 1,158 1,146 1,132 800 379
Retained Earnings 57 504 1,058 1,525 1,955
Other Equity 0 -1 -1 -1 -1
Treasury Stock 81 78 76 74 72
Total Shareholder's Equity 1,134 1,572 2,114 2,250 2,261
Total Liabilities & Shareholder's Equity 9,417 9,185 8,540 8,399 7,043
Total Common Equity 1,134 1,572 2,114 2,250 2,261
Shares Outstanding 109.10 108.80 108.40 97.60 68.40
Book Value Per Share 10.40 14.45 19.50 23.05 33.06

Fiscal Year End for Spirit Airlines, Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 1,097 1,049 1,340 1,515
Receivables NA 205 172 223 222
Notes Receivable NA 0 0 0 0
Inventories NA 0 0 0 0
Other Current Assets NA 210 229 210 180
Total Current Assets NA 1,512 1,449 1,773 1,918
Net Property & Equipment NA 3,519 3,732 3,741 3,739
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 314 293 253 230
Intangibles NA 0 0 0 0
Deposits & Other Assets NA 511 533 548 576
Total Assets NA 9,417 9,362 9,372 9,322
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 42 86 76 53
Current Portion Long-Term Debt NA 316 236 236 262
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 1,089 1,068 1,173 1,243
Total Current Liabilities NA 1,672 1,601 1,686 1,753
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 108 160 206 189
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 3,055 3,043 3,081 3,164
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 133 135 142
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 8,283 8,046 7,901 7,852
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 0 0 0 0
Capital Surplus NA 1,158 1,156 1,153 1,150
Retained Earnings NA 57 240 398 400
Other Equity NA 0 0 0 0
Treasury Stock NA 81 80 80 80
Total Shareholder's Equity NA 1,134 1,316 1,471 1,470
Total Liabilities & Shareholder's Equity NA 9,417 9,362 9,372 9,322
Total Common Equity 0 1,134 1,316 1,471 1,470
Shares Outstanding 109.40 109.10 109.10 109.10 109.10
Book Value Per Share 0.00 10.40 12.06 13.48 13.47