Alaska Air Group Inc (ALK)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 19,768,000 | 19,559,000 | 15,342,000 | 14,813,000 | 15,834,000 | 15,165,000 | 14,829,000 | 14,296,000 | 14,281,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 4,372,000 | 4,479,000 | 4,226,000 | 3,977,000 | 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 | 3,005,000 | 3,454,000 | 3,861,000 | 4,015,000 |
| Financial leverage ratio | 4.52 | 4.37 | 3.63 | 3.72 | 3.85 | 3.71 | 3.75 | 3.88 | 3.74 | 3.80 | 3.90 | 3.91 | 3.67 | 3.93 | 4.41 | 4.96 | 4.67 | 4.27 | 3.63 | 3.33 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $19,768,000K ÷ $4,372,000K
= 4.52
The financial leverage ratio of Alaska Air Group Inc has shown fluctuations over the reporting periods analyzed. The ratio indicates the proportion of the company's debt to its equity, reflecting its level of financial risk and leverage.
From March 31, 2020, to December 31, 2021, the financial leverage ratio has steadily increased from 3.33 to 4.67, indicating a higher reliance on debt compared to equity during this period. However, the ratio decreased in the subsequent quarters, reaching a low of 3.67 by December 31, 2021.
The ratio then fluctuated between 3.67 and 4.41 during the first half of 2022 but remained relatively stable. It decreased to 3.74 by December 31, 2022, before slightly increasing to 3.85 by March 31, 2023. Thereafter, the ratio exhibited a downward trend, reaching 3.63 by June 30, 2024.
Subsequently, there were fluctuations in the financial leverage ratio, with a notable increase to 4.52 by December 31, 2024. This increase indicates a higher level of debt relative to equity for the company at the end of 2024 compared to the preceding quarters.
Overall, the financial leverage ratio of Alaska Air Group Inc has shown variability over the analyzed periods, with fluctuations in the company's debt and equity structure. Investors and stakeholders may monitor these trends to assess the company's risk profile and financial stability.
Peer comparison
Dec 31, 2024