Global Crossing Airlines (JETMF) Debt Ratio (2021 - 2026)
Global Crossing Airlines' (JETMF) quarterly Debt Ratio came in at 0.21 in Q2 2026, up 13.31% year-over-year from 0.18 in Q2 2025, and down 1.1% quarter-over-quarter from 0.21 in Q1 2026.
Analysis
Global Crossing Airlines (JETMF) Debt Ratio (2021 - 2026) Analysis & Trends
Global Crossing Airlines (JETMF) has reported Debt Ratio for 6 consecutive years, with 0.21 the latest figure, recorded in Q2 2026.
- On a quarterly basis, Debt Ratio rose 13.31% year-over-year to 0.21 in Q2 2026; TTM through Jun 2026 was 0.21, a 13.31% increase from a year earlier, with the FY2025 full-year figure at 0.21, up 20.23% from the prior year.
- Debt Ratio was 0.21 for Q2 2026 at Global Crossing Airlines, down from 0.21 in the prior quarter.
- Over five years, Debt Ratio peaked at 0.27 in Q3 2023 and troughed at 0.1 in Q2 2023.
- A 5-year average of 0.18 and a median of 0.18 in 2025 frame the typical range for Debt Ratio.
- Across the five-year window, Debt Ratio soared 234.6% in 2022 and sank 33.03% in 2024, its largest moves.
- Over 5 years, Debt Ratio stood at 0.13 in 2022, then jumped by 64.92% to 0.22 in 2023, then slipped by 19.74% to 0.18 in 2024, then increased by 20.23% to 0.21 in 2025, then retreated by 3.84% to 0.21 in 2026.
- The last three Debt Ratio figures came in at 0.21 (Q2 2026), 0.21 (Q1 2026), and 0.21 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 51.79 Bn | 47.12 Bn | 19.07 Bn | 0.20 |
| 2 | Ryanair Holdings | 28.72 Bn | 24.79 Bn | - | 0.00 |
| 3 | Southwest Airlines | 19.00 Bn | 15.21 Bn | 7.33 Bn | 0.20 |
| 4 | Copa Holdings | 5.37 Bn | 4.11 Bn | 1.03 Bn | 0.32 |
| 5 | Alaska Air | 4.55 Bn | 1.88 Bn | 3.76 Bn | 0.31 |
| 6 | Skywest | 3.76 Bn | 3.16 Bn | 1.01 Bn | 0.31 |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.27 Bn | 1.24 Bn | - | 0.06 |
| 8 | Allegiant Travel | 1.74 Bn | 689.68 Mn | 902.77 Mn | 0.48 |
| 9 | Jetblue Airways | 1.70 Bn | -322.81 Mn | 2.32 Bn | 0.55 |
| 10 | Global Crossing Airlines | 40.13 Mn | 28.25 Mn | - | 0.21 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.21 |
| Mar 31, 2026 | 0.21 |
| Dec 31, 2025 | 0.21 |
| Sep 30, 2025 | 0.26 |
| Jun 30, 2025 | 0.18 |
| Mar 31, 2025 | 0.18 |
| Dec 31, 2024 | 0.18 |
| Sep 30, 2024 | 0.18 |
| Jun 30, 2024 | 0.19 |
| Mar 31, 2024 | 0.19 |
| Dec 31, 2023 | 0.22 |
| Sep 30, 2023 | 0.27 |
| Jun 30, 2023 | 0.10 |
| Mar 31, 2023 | 0.14 |
| Dec 31, 2022 | 0.13 |
| Sep 30, 2022 | 0.12 |
| Jun 30, 2022 | 0.12 |
| Mar 31, 2022 | 0.12 |
| Dec 31, 2021 | 0.04 |