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.