Allegiant Travel Company (ALGT)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,611,740 | 1,819,720 | 1,944,080 | 1,612,490 | 1,441,780 |
| Total assets | US$ in thousands | 4,429,850 | 4,856,670 | 4,511,300 | 3,991,070 | 3,258,920 |
| Debt-to-assets ratio | 0.36 | 0.37 | 0.43 | 0.40 | 0.44 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,611,740K ÷ $4,429,850K
= 0.36
The debt-to-assets ratio for Allegiant Travel Company has shown a steady decline over the past five years, from 0.44 in December 2020 to 0.36 in December 2024. This indicates that the company's level of debt relative to its total assets has been decreasing over time, suggesting improved financial stability and a lower risk of default. A lower debt-to-assets ratio signifies a healthier balance sheet, as it implies that a smaller portion of the company's assets are financed by debt. Allegiant Travel Company's declining debt-to-assets ratio may be an indication of effective debt management and prudent financial decision-making.
Peer comparison
Dec 31, 2024