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Frontier Group Holdings Inc   (ULCC)
Other Ticker:  
 
    Sector  Transportation    Industry Airline
   Industry Airline
   Sector  Transportation

Frontier Group Holdings Inc 's Working Capital Ratio

ULCC's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


In the wake of the increase in Current Liabilities in the forth quarter 2023, Working Capital Ratio fell to 1.03 a new company low.

Within Airline industry Frontier Group Holdings Inc booked the highest Working Capital Ratio than Frontier Group Holdings Inc in the forth quarter 2023. While Working Capital Ratio total ranking in the forth quarter 2023 has deteriorated compared to the prior quarter from 302 to 1867.

Explain Working Capital Ratio
How much in Current Assets ULCC´s has?
What is the value of ULCC´s Current Liabilities?


ULCC Working Capital Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change 10.73 % 21.97 % 8.29 % 21.12 % 28.19 %
Y / Y Current Assets Change -14.61 % 4.93 % 5.77 % 18.95 % -1.64 %
Working Capital Ratio MRQ 1.03 1.11 1.29 1.38 1.34
ULCC's Total Ranking # 1867 # 302 # 527 # 2919 # 3155
Seq. Current Liabilities Change 0.24 % 7.65 % 3.57 % -0.92 % 10.4 %
Seq. Current Assets Change -6.94 % -7.23 % -3.17 % 2.16 % 14.35 %



Working Capital Ratio forth quarter 2023 Company Ranking
Within: No.
Airline Industry # 1
Transportation Sector # 30
Overall Market # 1867


Working Capital Ratio Statistics
High Average Low
2.08 1.44 1.03
(Sep 30 2021)   (Dec 31 2023)




Financial Statements
Frontier Group Holdings Inc 's Current Liabilities $ 846 Millions Visit ULCC's Balance sheet
Frontier Group Holdings Inc 's Current Assets $ 871 Millions Visit ULCC's Balance sheet
Source of ULCC's Sales Visit ULCC's Sales by Geography


Cumulative Frontier Group Holdings Inc 's Working Capital Ratio

ULCC's Working Capital Ratio for the trailling 12 Months

ULCC Working Capital Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth 10.73 % 21.97 % 8.29 % 21.12 % 28.19 %
Y / Y Current Assets TTM Growth -14.61 % 4.93 % 5.77 % 18.95 % -1.64 %
Working Capital Ratio TTM 1.19 1.27 1.32 1.33 1.33
Total Ranking TTM # 1560 # 212 # 3923 # 2499 # 3720
Seq. Current Liabilities TTM Growth 0.24 % 7.65 % 3.57 % -0.92 % 10.4 %
Seq. Current Assets TTM Growth -6.94 % -7.23 % -3.17 % 2.16 % 14.35 %


On the trailing twelve months basis Due to rise in Current Liabilities in the IV Quarter 2023 to $846.00 millions, cumulative Working Capital Ratio decreased to 1.19 above the ULCC average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Airline industry just one company has achieved higher Working Capital Ratio during the twelve months ending in the Dec 31 2023. While Working Capital Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2023 from 212 to 1560.

Explain Working Capital Ratio
How much in Current Assets ULCC´s has?
What is the value of ULCC´s Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Airline Industry # 2
Transportation Sector # 30
Within the Market # 1560


trailing twelve months Working Capital Ratio Statistics
High Average Low
0.79 0.67 0.58
(Dec 31 2021)   (Dec 31 2023)




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Airline Industry Working Capital RatioDec 31 2023 MRQ Current AssetsDec 31 2023 MRQ Current Liabilities
Southwest Airlines Co   2.54 $ 13,955.000  Millions$ 5,497.000  Millions
Frontier Group Holdings Inc   1.03 $ 871.000  Millions$ 846.000  Millions
Hawaiian Holdings inc  1.02 $ 1,170.940  Millions$ 1,145.401  Millions
Spirit Airlines Inc   0.90 $ 1,512.127  Millions$ 1,671.592  Millions
Skywest Inc  0.90 $ 1,131.896  Millions$ 1,254.292  Millions
Latam Airlines Group S a   0.74 $ 4,203.362  Millions$ 5,688.135  Millions
Sun Country Airlines Holdings Inc   0.65 $ 271.351  Millions$ 418.582  Millions
American Airlines Group Inc   0.62 $ 13,572.000  Millions$ 22,062.000  Millions
Jetblue Airways Corp  0.60 $ 2,160.000  Millions$ 3,628.000  Millions
Delta Air Lines Inc   0.39 $ 10,269.000  Millions$ 26,418.000  Millions

Date modified: 2024-02-21T11:49:43+00:00



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