Global Crossing Airlines Group (NEOE:JET) Total Assets : C$203.7 Mil (As of Mar. 2024)

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What is Global Crossing Airlines Group Total Assets?

Global Crossing Airlines Group's Total Assets for the quarter that ended in Mar. 2024 was C$203.7 Mil.

During the past 12 months, Global Crossing Airlines Group's average Total Assets Growth Rate was 106.20% per year. During the past 3 years, the average Total Assets Growth Rate was 166.20% per year. During the past 5 years, the average Total Assets Growth Rate was 192.00% per year. During the past 10 years, the average Total Assets Growth Rate was 46.20% per year.

During the past 13 years, Global Crossing Airlines Group's highest 3-Year average Total Assets Growth Rate was 978.90%. The lowest was -56.20%. And the median was 25.10%.

Total Assets is connected with ROA %. Global Crossing Airlines Group's annualized ROA % for the quarter that ended in Mar. 2024 was -18.19%. Total Assets is also linked to Revenue through Asset Turnover. Global Crossing Airlines Group's Asset Turnover for the quarter that ended in Mar. 2024 was 0.38.

Global Crossing Airlines Group Total Assets Historical Data

The historical data trend for Global Crossing Airlines Group's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Global Crossing Airlines Group Total Assets Chart

Global Crossing Airlines Group Annual Data

Trend

Apr14

Apr15

Apr16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.45

9.19

50.02

69.51

176.19

Global Crossing Airlines Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															96.34	126.36	145.78	176.19	203.67

Global Crossing Airlines Group Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Global Crossing Airlines Group's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	-26.654	+	202.843
	=	176.2

Global Crossing Airlines Group's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	-35.062	+	238.729
	=	203.7

Global Crossing Airlines Group (NEOE:JET) Total Assets Explanation

Total Assets is connected with ROA %.

Global Crossing Airlines Group's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-34.54	/	( (176.19	+	203.667)	/ 2 )
	=	-34.54	/	189.9285
	=	-18.19 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Global Crossing Airlines Group's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	72.871	/	( (176.19	+	203.667)	/ 2 )
=	72.871	/	189.9285
=	0.38

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Global Crossing Airlines Group Total Assets Related Terms

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Global Crossing Airlines Group (NEOE:JET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Global Crossing Airlines Group Inc (NEOE:JET) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

JETBF:USA JETMF:USA JET.B:Canada

Address

4200 NW 36th Street, Building 5A, Miami International Airport, Miami, FL, USA, 33166

Website

https://www.globalairlinesgroup.com

Global Crossing Airlines Group Inc is an airline operator for both narrow and widebody aircraft around the world, utilizing the efficiencies of an Airbus A320/321 fleet. The company operates wet lease and ACMI flights for airlines and charter operations for tour operators, professional and college teams, and other groups.

Executives

Ryan Goepel

Director, Senior Officer

Global Crossing Airlines Group (NEOE:JET) Headlines

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