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.