Surf Air Mobility (Surf Air Mobility) Debt-to-Equity : -0.57 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Surf Air Mobility Debt-to-Equity?

Surf Air Mobility's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $17.21 Mil. Surf Air Mobility's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $27.26 Mil. Surf Air Mobility's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-77.49 Mil. Surf Air Mobility's debt to equity for the quarter that ended in Dec. 2023 was -0.57.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Surf Air Mobility's Debt-to-Equity or its related term are showing as below:

SRFM' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.57 Med: -0.14 Max: -0.14
Current: -0.57

During the past 4 years, the highest Debt-to-Equity Ratio of Surf Air Mobility was -0.14. The lowest was -0.57. And the median was -0.14.

SRFM's Debt-to-Equity is not ranked
in the Transportation industry.
Industry Median: 0.56 vs SRFM: -0.57

Surf Air Mobility Debt-to-Equity Historical Data

The historical data trend for Surf Air Mobility's Debt-to-Equity 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.

* Premium members only.

Surf Air Mobility Debt-to-Equity Chart

Surf Air Mobility Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-0.14

-0.57

Surf Air Mobility Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						-0.14	0.21	-0.13	1.63	-0.57

Competitive Comparison of Surf Air Mobility's Debt-to-Equity

For the Airlines subindustry, Surf Air Mobility's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Surf Air Mobility's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Surf Air Mobility's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Surf Air Mobility's Debt-to-Equity falls into.

Surf Air Mobility Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Surf Air Mobility's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(17.211	+	27.261)	/	-77.485
	=	-0.57

Surf Air Mobility's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(17.211	+	27.261)	/	-77.485
	=	-0.57

Surf Air Mobility (NYSE:SRFM) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Surf Air Mobility Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Surf Air Mobility's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Surf Air Mobility (Surf Air Mobility) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Surf Air Mobility Inc (NYSE:SRFM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

12111 S. Crenshaw Boulevard, Hawthorne, California 90250, Hawthorne, CA, USA, 90250

Website

https://www.surfair.com

Surf Air Mobility Inc provides a regional air mobility platform with scheduled routes and on demand charter flights operated by third-party Part 135 charter operators. It generates revenue through the sale of membership products, non-member single seats, or flight products for both scheduled and on-demand flights.

Executives

Edward A. Mady	director	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Bruce L. Hack	director	6060 CENTER DRIVE, 5TH FLOOR, LOS ANGELES CA 90045
Carl A Albert	director	C/O BOISE INC., 1111 WEST JEFFERSON STREET, SUITE 200, BOISE ID 83702-5388
John J. D'agostino	director	201 E 79TH STREET 6A, NEW YORK CITY NY 10075
Tyler Painter	director	C/O SURF AIR MOBILITY, 12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Sudhin Shahani	director	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Deanna Leigh White	officer: Chief Financial Officer	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Tyrone D. Bland	director	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Robert S. Little	director, officer: Chief Executive Officer	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250