What is Frontier Group Holdings, Inc.'s net debt / EBITDA?

Frontier Group Holdings, Inc. (ULCC) reported net debt / EBITDA of 195.8× in Q2 2025.

What does net debt / EBITDA mean?

Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

Frontier Group Holdings, Inc. ULCC Net debt / EBITDA

Net debt / EBITDA at other companies

Delta Air LinesDAL

1.7×-0.4×

Southwest AirlinesLUV

1.2×+1.1×

United Airlines HoldingsUAL

2.8×+0.1×

ALG

Allegiant TravelALGT

1×-6.1×

JetBlue AirwaysJBLU

28.2×+14.0×

Alaska Air GroupALK

5.8×+1.4×

Other financials

Income statement

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Revenue$992.0M+8.8%

Operating income-$283.0M-515%

Net income-$272.0M-533%

EPS (diluted)-$1.18-521%

Balance sheet

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Cash & equivalents$772.0M+12.5%

Total debt$5.2B+9.5%

Total equity$222.0M-61.1%

Total assets$7.0B+8.3%

Cash flow

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Operating cash flow$40.0M+147%

CapEx$12.0M-33.3%

Free cash flow$28.0M+127%

Valuation

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Market cap$1.67B-17.8%

Enterprise value$6.14B+3.8%

P/S0.4×-0.1×

Profitability

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Operating margin-4.1%-4.4pp

Net margin-3.6%-3.8pp

FCF margin-12.3%—

Returns & leverage

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Return on equity-27.7%-28.9pp

Debt / equity23.6×+15.2×

Current ratio0.5×0.0×

Where this comes from

Calculated from Frontier Group Holdings, Inc.’s reported figures.

net debt/ebitda=195.8×

Based on the most recent quarter.

The official record: Frontier Group Holdings, Inc.’s 10-Q, filed August 5, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Frontier Group Holdings, Inc.'s net debt / EBITDA?: Frontier Group Holdings, Inc. (ULCC) reported net debt / EBITDA of 195.8× in Q2 2025.
What does net debt / EBITDA mean?: Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.