Allegiant Travel Company (ALGT)

Debt-to-capital 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 stockholders’ equity US$ in thousands 1,089,390 1,299,900 1,333,040 1,322,160 1,328,560 1,343,140 1,373,560 1,271,400 1,220,700 1,188,970 1,232,370 1,222,300 1,223,550 1,191,060 1,147,130 709,654 699,363 711,698 736,560 809,902
Debt-to-capital ratio 0.60 0.58 0.57 0.58 0.58 0.60 0.58 0.59 0.61 0.61 0.59 0.57 0.57 0.55 0.56 0.67 0.67 0.65 0.63 0.61

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,611,740K ÷ ($1,611,740K + $1,089,390K)
= 0.60

The debt-to-capital ratio of Allegiant Travel Company has shown a fluctuating trend over the past several quarters, ranging from 0.55 to 0.67. This ratio measures the proportion of financial leverage used by the company to finance its operations and is calculated by dividing total debt by the sum of total debt and total equity.

From March 31, 2020, to December 31, 2024, the debt-to-capital ratio has generally varied within a relatively narrow range, indicating a moderate level of debt relative to the company's overall capital structure. Notably, there was a slight decrease in this ratio from June 30, 2021, to September 30, 2021, followed by a subsequent increase by the end of 2021.

Overall, the debt-to-capital ratio of Allegiant Travel Company has remained relatively stable around the 0.60 mark, suggesting a balanced capital structure with a significant reliance on debt financing. It is important for investors and stakeholders to monitor this ratio to assess the company's financial risk and leverage position.