Ryanair Acquires Leap-1B Engines
Ryanair, a low-cost carrier airline company, has acquired 30 CFM Leap-1B engines for a total consideration of $500 million.
Financial Metrics
The company’s financial metrics are as follows:
- Price-to-earnings ratio: 16.7
- Price-to-book ratio: 3.61
These ratios provide insight into Ryanair’s valuation, with the price-to-earnings ratio indicating that investors are willing to pay $16.70 for every dollar of earnings, and the price-to-book ratio indicating that the company’s stock price is approximately 3.61 times its book value per share.
Acquisition Details
The acquisition of 30 CFM Leap-1B engines is a significant development for Ryanair, and the company’s financial metrics offer a snapshot of its current financial standing.