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Frontier Group Holdings, Inc. balance sheet

At the end of fiscal 2025, Frontier Group Holdings, Inc. had total assets of $7.22bn, total liabilities of $6.73bn and shareholders' equity of $491m. It held $671m in cash against $620m of debt: net cash of $51.0m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash and equivalents768378918761609740671976
Receivables—285090937385166
Total current assets—6501,0371,0208719909581,351
Total assets—3,5544,2354,4994,9936,1537,2207,032
Accounts payable—71868913411513087
Total current liabilities—1,0031,3261,5551,6581,8522,1032,168
Short-term debt—101127157251261301160
Long-term debt—247287272219241313322
Total debt0357423431474507620486
Total liabilities—3,2443,7053,9904,4865,5496,7296,995
Shareholders' equity54231053050950760449137
Net debt (negative = net cash)−768−21−495−330−135−233−51−490
Shares outstanding—199m217m218m223m225m229m230m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Frontier Group Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Frontier Group Holdings, Inc.