Alaska Air Group Inc (ALK)
Debt-to-equity ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,182,000 | 2,128,000 | 1,889,000 | 1,795,000 | 1,883,000 | 1,889,000 | 1,961,000 | 2,078,000 | 2,173,000 | 2,225,000 | 2,319,000 | 2,325,000 | 2,357,000 | — | — | — | 1,264,000 | 1,444,000 | 1,538,000 | 1,664,000 |
| Total stockholders’ equity | US$ in thousands | 4,113,000 | 4,093,000 | 3,951,000 | 3,689,000 | 3,816,000 | 3,826,000 | 3,799,000 | 3,637,000 | 3,801,000 | 3,531,000 | 3,324,000 | 2,875,000 | 2,988,000 | 3,454,000 | 3,861,000 | 4,015,000 | 4,331,000 | 4,252,000 | 3,973,000 | 3,746,000 |
| Debt-to-equity ratio | 0.53 | 0.52 | 0.48 | 0.49 | 0.49 | 0.49 | 0.52 | 0.57 | 0.57 | 0.63 | 0.70 | 0.81 | 0.79 | 0.00 | 0.00 | 0.00 | 0.29 | 0.34 | 0.39 | 0.44 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,182,000K ÷ $4,113,000K
= 0.53
The debt-to-equity ratio of Alaska Air Group Inc. has shown fluctuations over the past eight quarters. In Q4 2023, the ratio stood at 0.62, which was slightly lower than the previous quarter's 0.70. This signifies that the company had $0.62 in debt for every $1 of equity during this period.
Comparing the Q4 ratios of the past two years, we observe a relatively stable trend with Q4 2023 at 0.62 and Q4 2022 at 0.57. This suggests that Alaska Air Group Inc. has maintained a moderate level of debt relative to its equity over this particular quarter.
Overall, the ratios from Q2 to Q4 of 2023 varied between 0.62 and 0.70, indicating some fluctuation in the company's debt and equity structure during this period. However, the ratios remained within a reasonably close range, suggesting a balanced financial position in terms of leveraging debt.
Peer comparison
Dec 31, 2023