Alaska Air Group Inc (ALK)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 14,613,000 | 15,165,000 | 14,829,000 | 14,296,000 | 14,186,000 | 14,531,000 | 14,800,000 | 14,210,000 | 13,951,000 | 13,882,000 | 14,656,000 | 14,262,000 | 14,046,000 | 14,749,000 | 13,998,000 | 13,363,000 | 12,993,000 | 12,983,000 | 12,951,000 | 12,640,000 |
| 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 |
| Financial leverage ratio | 3.55 | 3.71 | 3.75 | 3.88 | 3.72 | 3.80 | 3.90 | 3.91 | 3.67 | 3.93 | 4.41 | 4.96 | 4.70 | 4.27 | 3.63 | 3.33 | 3.00 | 3.05 | 3.26 | 3.37 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $14,613,000K ÷ $4,113,000K
= 3.55
Alaska Air Group Inc.'s financial leverage ratio has displayed some fluctuations in recent quarters, ranging from a low of 3.55 in Q4 2023 to a high of 3.91 in Q1 2022. The financial leverage ratio indicates the proportion of the company's assets that are financed through debt rather than equity. A higher ratio suggests a higher level of financial risk and reliance on debt to fund operations.
The trend observed in the financial leverage ratio for Alaska Air Group Inc. shows slight fluctuations, with a recent decrease from 3.88 in Q1 2023 to 3.55 in Q4 2023. While a lower ratio may indicate a reduced reliance on debt financing, it is essential to consider the specific circumstances of the company and the industry in which it operates. Overall, monitoring changes in the financial leverage ratio is crucial for assessing the company's capital structure and risk profile.
Peer comparison
Dec 31, 2023