SAVE Current Ratio Analysis
Higher than 20% of Industrials sector peers
Updated 1680h ago·SEC filings & market data
Key Takeaway
Spirit Airlines' current ratio of 0.97x means the company has $0.97 in current assets for every $1.00 of short-term liabilities, indicating it cannot fully cover its near-term obligations with its liquid assets.
Sector Performance
20th percentileSAVE
0.97x
Sector Median
1.18x
Sector Avg
2.81x
Deep Analysis
Spirit Airlines' current ratio of 0.97x means the company has $0.97 in current assets for every $1.00 of short-term liabilities, indicating it cannot fully cover its near-term obligations with its liquid assets.
This level sits below the industrials sector median of 1.18x, placing Spirit in the 20th percentile among its sector peers—a sign of tighter liquidity relative to most competitors. The year-over-year and quarter-over-quarter changes are both listed as N/A, so no trend direction can be determined from the available data. With a below-median current ratio and no trend information, the metric suggests higher short-term financial risk, as the company has less buffer to meet upcoming debts. This elevated liquidity risk contrasts with the overall NEUTRAL verdict on the stock, making the current ratio a slightly bearish factor that tempers the neutral stance.
Frequently Asked Questions
What does the Current Ratio tell investors about SAVE?
Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.
How is the Current Ratio calculated?
Current Ratio is calculated as: Current Assets / Current Liabilities.
How does SAVE's Current Ratio compare to its sector?
SAVE's Current Ratio of 0.97x compares to a Industrials sector median of 1.18x, placing it in the 20th percentile.
Who are SAVE's closest peers by Current Ratio?
The closest Industrials peers by Current Ratio include: BA (1.18x), AME (1.14x), PWR (1.14x), BLNK (1.23x), ROK (1.09x).
Learn More About Current Ratio
The Formula
Current Assets / Current Liabilities
Why It Matters
Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.
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0.97x
Sector Median
1.18x
Sector Avg
2.81x
How SAVE's Current Ratio compares to sector peers.
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Not financial advice. Research tool only. Data may be delayed.