Frontier Group Holdings, Inc. (ULCC) quarterly balance sheet — complete assets, liabilities & equity history
Frontier Group Holdings, Inc. (ULCC) balance sheet — 10-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 1.31B | 1.1B | 958M | 847M | 832M | 953M | 990M | 910M | 947M | 903M | 871M | 936M | 1.01B | 1.04B | 1.02B | 892M | 954M | 876M | 1.04B | 1.09B |
| Cash & Short-Term Investments | 955M | 772M | 671M | 566M | 563M | 686M | 740M | 576M | 658M | 622M | 609M | 640M | 780M | 790M | 761M | 674M | 766M | 727M | 918M | 802M |
| Cash Only | 955M | 772M | 671M | 566M | 563M | 686M | 740M | 576M | 658M | 622M | 609M | 640M | 780M | 790M | 761M | 674M | 766M | 727M | 918M | 802M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 154M | 121M | 100M | 93M | 117M | 89M | 93M | 150M | 95M | 87M | 96M | 116M | 96M | 101M | 98M | 73M | 69M | 65M | 62M | 220M |
| Days Sales Outstanding | 9.78 | 10.03 | 8.9 | 10.9 | 10.09 | 8.98 | 11.16 | 12.05 | 8.51 | 9.63 | 10.95 | 11.04 | 9.27 | 10.56 | 8.68 | 7.21 | 6.71 | 9.45 | 21.3 | 32.42 |
| Inventory | 91M | 106M | 90M | 90M | 86M | 81M | 79M | 76M | 78M | 75M | 79M | 75M | 60M | 57M | 55M | 54M | 54M | 41M | 29M | 29M |
| Days Inventory Outstanding | 15.04 | 7.35 | 8.52 | 16.73 | 8.22 | 15.62 | 7.76 | 10.31 | 7.73 | 7.56 | 8.29 | 8.28 | 6.73 | 6.25 | 6.35 | 6.38 | 5.35 | 4.72 | 4.27 | 3.74 |
| Other Current Assets | 71M | 67M | 71M | 74M | 46M | 75M | 60M | 89M | 98M | 100M | 66M | 76M | 50M | 67M | 86M | 66M | 43M | 20M | 14M | 27M |
| Total Non-Current Assets | 5.94B | 5.92B | 6.26B | 5.85B | 5.69B | 5.53B | 5.16B | 4.92B | 4.74B | 4.3B | 4.12B | 4B | 3.7B | 3.63B | 3.48B | 3.35B | 3.29B | 3.26B | 3.2B | 3.16B |
| Property, Plant & Equipment | 5.92B | 5.88B | 5.74B | 4.81B | 5.19B | 4.64B | 4.71B | 4.72B | 4.33B | 3.84B | 3.27B | 3.62B | 2.9B | 2.87B | 2.71B | 3.07B | 2.59B | 2.59B | 2.61B | 2.68B |
| Fixed Asset Turnover | 0.22x | 0.17x | 0.19x | 0.18x | 0.19x | 0.20x | 0.21x | 0.21x | 0.24x | 0.24x | 0.26x | 0.27x | 0.34x | 0.30x | 0.31x | 0.32x | 0.35x | 0.23x | 0.23x | 0.24x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 27M | 27M | 27M | 27M | 27M | 27M | 27M | 27M | 27M | 27M | 28M | 28M | 28M | 28M | 28M | 28M | 28M | 28M | 29M | 29M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | -10M | 15M | 491M | 1.01B | 471M | 863M | 426M | 167M | 384M | 435M | 821M | 349M | 773M | 735M | 741M | 258M | 672M | 638M | 557M | 453M |
| Total Assets | 7.24B | 7.02B | 7.22B | 6.7B | 6.52B | 6.48B | 6.15B | 5.83B | 5.69B | 5.21B | 4.99B | 4.93B | 4.71B | 4.67B | 4.5B | 4.25B | 4.25B | 4.14B | 4.24B | 4.25B |
| Asset Turnover | 0.18x | 0.14x | 0.14x | 0.13x | 0.14x | 0.14x | 0.17x | 0.16x | 0.18x | 0.17x | 0.18x | 0.18x | 0.21x | 0.18x | 0.21x | 0.21x | 0.22x | 0.14x | 0.14x | 0.15x |
| Asset Growth % | 11.02% | 8.27% | 17.34% | 15.02% | 14.68% | 24.49% | 23.23% | 18.05% | 20.84% | 11.48% | 10.98% | 16.23% | 10.91% | 12.91% | 6.23% | -0.14% | -1% | 12.39% | 19.16% | 14.42% |
| Total Current Liabilities | 2.24B | 2.24B | 2.1B | 2.11B | 2.04B | 1.94B | 1.85B | 1.72B | 1.82B | 1.8B | 1.66B | 1.69B | 1.65B | 1.68B | 1.55B | 1.45B | 1.55B | 1.45B | 1.33B | 1.24B |
| Accounts Payable | 95M | 115M | 130M | 159M | 169M | 120M | 115M | 128M | 137M | 131M | 134M | 109M | 91M | 79M | 89M | 78M | 102M | 93M | 86M | 90M |
| Days Payables Outstanding | 16.03 | 9.19 | 13.68 | 31.17 | 14.23 | 22.94 | 12.16 | 17.74 | 13.53 | 13.01 | 13.07 | 12.27 | 9.78 | 9.38 | 9.72 | 10.63 | 10.98 | 12.08 | 12.95 | 12.46 |
| Short-Term Debt | 206M | 240M | 301M | 363M | 326M | 263M | 261M | 190M | 263M | 265M | 251M | 266M | 237M | 215M | 157M | 193M | 161M | 145M | 127M | 85M |
| Deferred Revenue (Current) | 541M | 0 | 368M | 0 | 342M | 0 | 312M | 292M | 0 | 328M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 519M | 961M | 234M | 463M | 247M | 516M | 239M | 375M | 528M | 137M | 381M | 563M | 594M | 660M | 627M | 542M | 644M | 581M | 496M | 529M |
| Current Ratio | 0.58x | 0.49x | 0.46x | 0.40x | 0.41x | 0.49x | 0.53x | 0.53x | 0.52x | 0.50x | 0.53x | 0.55x | 0.61x | 0.62x | 0.66x | 0.61x | 0.62x | 0.60x | 0.78x | 0.88x |
| Quick Ratio | 0.54x | 0.44x | 0.41x | 0.36x | 0.36x | 0.45x | 0.49x | 0.48x | 0.48x | 0.46x | 0.48x | 0.51x | 0.58x | 0.59x | 0.62x | 0.58x | 0.58x | 0.58x | 0.76x | 0.86x |
| Cash Conversion Cycle | 8.79 | 8.19 | 3.75 | -3.54 | 4.08 | 1.66 | 6.75 | 4.62 | 2.7 | 4.18 | 6.16 | 7.06 | 6.22 | 7.43 | 5.3 | 2.96 | 1.08 | 2.09 | 12.62 | 23.71 |
| Total Non-Current Liabilities | 4.87B | 4.56B | 4.63B | 4.16B | 3.97B | 3.97B | 3.7B | 3.55B | 3.35B | 2.92B | 2.83B | 2.71B | 2.5B | 2.5B | 2.44B | 2.33B | 2.27B | 2.28B | 2.38B | 2.44B |
| Long-Term Debt | 300M | 343M | 313M | 305M | 234M | 244M | 241M | 279M | 189M | 201M | 219M | 220M | 193M | 212M | 272M | 228M | 212M | 207M | 287M | 280M |
| Capital Lease Obligations | 3.98B | 3.87B | 4.07B | 3.65B | 3.61B | 3.6B | 3.3B | 3.13B | 3.02B | 2.56B | 2.44B | 2.32B | 2.16B | 2.15B | 2.03B | 1.97B | 1.96B | 1.96B | 1.99B | 2.05B |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 584M | 342M | 199M | 206M | 129M | 127M | 123M | 148M | 143M | 159M | 169M | 161M | 147M | 138M | 111M | 125M | 93M | 108M | 80M | 105M |
| Total Liabilities | 7.11B | 6.79B | 6.73B | 6.27B | 6.02B | 5.91B | 5.55B | 5.28B | 5.17B | 4.72B | 4.49B | 4.39B | 4.14B | 4.18B | 3.99B | 3.78B | 3.82B | 3.73B | 3.71B | 3.68B |
| Total Debt | 5.24B | 5.25B | 5.46B | 5.03B | 4.87B | 4.79B | 4.47B | 4.23B | 4.07B | 3.61B | 3.46B | 3.34B | 3.08B | 3.07B | 2.93B | 2.85B | 2.78B | 2.76B | 2.85B | 2.87B |
| Net Debt | 4.29B | 4.48B | 4.79B | 4.47B | 4.31B | 4.11B | 3.73B | 3.65B | 3.41B | 2.98B | 2.85B | 2.7B | 2.3B | 2.28B | 2.17B | 2.17B | 2.01B | 2.04B | 1.93B | 2.07B |
| Debt / Equity | 38.54x | 23.64x | 11.13x | 11.59x | 9.62x | 8.41x | 7.40x | 7.70x | 7.83x | 7.45x | 6.82x | 6.17x | 5.45x | 6.28x | 5.75x | 6.08x | 6.52x | 6.75x | 5.38x | 4.98x |
| Debt / EBITDA | - | - | 72.84x | - | - | - | 69.81x | 111.24x | 94.63x | - | 314.45x | - | 33.89x | - | 54.22x | 44.45x | 126.23x | - | - | 54.11x |
| Net Debt / EBITDA | - | - | 63.89x | - | - | - | 58.25x | 96.08x | 79.33x | - | 259.09x | - | 25.32x | - | 40.13x | 33.92x | 91.41x | - | - | 38.98x |
| Interest Coverage | -29.50x | -82.50x | 18.33x | -12.20x | -34.00x | -49.00x | 52.00x | 14.50x | -52.00x | - | - | -44.00x | 62.00x | - | - | 23.00x | 9.00x | -19.13x | -85.00x | 14.67x |
| Total Equity | 136M | 222M | 491M | 434M | 506M | 570M | 604M | 549M | 520M | 484M | 507M | 541M | 566M | 488M | 509M | 468M | 426M | 409M | 530M | 576M |
| Equity Growth % | -73.12% | -61.05% | -18.71% | -20.95% | -2.69% | 17.77% | 19.13% | 1.48% | -8.13% | -0.82% | -0.39% | 15.6% | 32.86% | 19.32% | -3.96% | -18.75% | -22.55% | 86.76% | 70.97% | 33.03% |
| Book Value per Share | 0.59 | 0.97 | 2.14 | 1.90 | 2.22 | 2.51 | 2.68 | 2.43 | 2.29 | 2.17 | 2.28 | 2.45 | 2.57 | 2.24 | 2.31 | 2.13 | 1.95 | 1.88 | 2.45 | 2.64 |
| Total Shareholders' Equity | 136M | 222M | 491M | 434M | 506M | 570M | 604M | 549M | 520M | 484M | 507M | 541M | 566M | 488M | 509M | 468M | 426M | 409M | 530M | 576M |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -303M | -213M | 59M | 6M | 83M | 153M | 196M | 142M | 116M | 85M | 111M | 148M | 180M | 109M | 122M | 82M | 51M | 38M | 159M | 212M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -5M | -5M | -5M | -6M | -6M | -6M | -6M | -7M | -7M | -7M | -7M | -6M | -10M | -13M | -6M | -3M | -10M | -10M | -10M | -10M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |