Allegiant Travel Company (ALGT)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,089,390 | 1,328,560 | 1,220,700 | 1,223,550 | 699,363 |
| Debt-to-equity ratio | 1.48 | 1.37 | 1.59 | 1.32 | 2.06 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,611,740K ÷ $1,089,390K
= 1.48
Allegiant Travel Company's debt-to-equity ratio has shown a fluctuating trend over the past five years. Starting at 2.06 on December 31, 2020, the ratio decreased to 1.32 by December 31, 2021, indicating a significant reduction in the company's reliance on debt as compared to equity. However, the ratio increased to 1.59 by December 31, 2022, before slightly declining to 1.37 by December 31, 2023, and then rising again to 1.48 by December 31, 2024.
The decreasing trend from 2021 to 2023 suggests that Allegiant Travel Company was actively managing its debt levels relative to equity during this period. However, the subsequent increase in the ratio by the end of 2024 might indicate a shift towards slightly higher debt usage or a decrease in equity. Overall, the trend in the debt-to-equity ratio reflects the company's changing capital structure and financial leverage over the analyzed period.
Peer comparison
Dec 31, 2024