Spirit Airlines (SAVE)
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Spirit Airlines Tangible Book Value Chart
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Spirit Airlines Historical Tangible Book Value Data
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About Tangible Book Value
Tangible book value (TBV) is calculated by subtracting intangible assets from the company's book value. TBV is frequently used to illustrate "how much of a company is left after a bankruptcy filing?"
For instance, if a company filed bankruptcy with five million in current assets, three million in gross property, plant, and equipment, and four million in goodwill, we would expect the company to be able to sell the current assets and gross property. It would be unable / difficult to sell goodwill, because it's not a tangible asset. The TBV in this example would be eight (5+3) million.
Tangible book value excludes:
- Goodwill
- Items classified as "Intangible Assets" on the balance sheet
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SAVE Tangible Book Value Benchmarks
| Companies | |
|---|---|
| Southwest Airlines | Go Pro |
| Delta Air Lines | Go Pro |
| United Continental | Go Pro |
SAVE Tangible Book Value Rankings
| Overall |
84th percentile 1210 of 8009 |
| Sector |
87th percentile 112 of 895 in Industrials |
| Industry |
47th percentile 10 of 19 in Airlines |
SAVE Tangible Book Value Range, Past 5 Years
| Minimum | Go Pro | Jun 2010 |
| Maximum | Go Pro | Mar 2013 |
| Average | Go Pro |