Allegiant Travel Company (ALGT)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,611,740 | 1,767,250 | 1,733,250 | 1,789,580 | 1,819,720 | 2,020,020 | 1,887,780 | 1,816,150 | 1,944,080 | 1,840,000 | 1,803,530 | 1,634,540 | 1,612,490 | 1,434,610 | 1,441,080 | 1,459,570 | 1,441,780 | 1,316,170 | 1,273,440 | 1,264,390 |
| Total assets | US$ in thousands | 4,429,850 | 4,788,250 | 4,903,610 | 4,935,130 | 4,856,670 | 4,912,340 | 4,829,550 | 4,680,420 | 4,511,300 | 4,410,960 | 4,410,960 | 4,437,870 | 3,991,070 | 3,766,750 | 3,874,710 | 3,345,200 | 3,258,920 | 3,223,090 | 3,272,970 | 3,191,910 |
| Debt-to-assets ratio | 0.36 | 0.37 | 0.35 | 0.36 | 0.37 | 0.41 | 0.39 | 0.39 | 0.43 | 0.42 | 0.41 | 0.37 | 0.40 | 0.38 | 0.37 | 0.44 | 0.44 | 0.41 | 0.39 | 0.40 |
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 of Allegiant Travel Company has shown some fluctuations over the past few years. The ratio has generally ranged between 0.35 and 0.44, indicating that a significant portion of the company's assets is financed through debt. The lower ratio values, such as 0.35 and 0.36, suggest that Allegiant Travel Company has been able to effectively manage its debt in relation to its assets during those periods. On the other hand, the higher ratio values, such as 0.44, indicate a relatively higher level of debt compared to assets.
Overall, the trend in the debt-to-assets ratio for Allegiant Travel Company seems to have been relatively stable, hovering around the 0.40 mark for most periods. This stability may suggest that the company has maintained a consistent approach to managing its debt levels in relation to its total assets. However, it would be important to further investigate the reasons behind the fluctuations in the ratio to assess the company's debt management strategy and financial health accurately.
Peer comparison
Dec 31, 2024