SkyWest Inc (SKYW)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,136,790 | 2,562,180 | 2,941,770 | 2,717,420 | 2,801,540 |
| Total assets | US$ in thousands | 7,139,870 | 7,026,290 | 7,414,550 | 7,125,950 | 6,887,620 |
| Debt-to-assets ratio | 0.30 | 0.36 | 0.40 | 0.38 | 0.41 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,136,790K ÷ $7,139,870K
= 0.30
The debt-to-assets ratio of SkyWest Inc has exhibited a decreasing trend over the past five years, declining from 0.41 in December 2020 to 0.30 in December 2024. This indicates that the company has been successful in reducing its debt relative to its total assets during this period. A lower debt-to-assets ratio signifies a healthier financial position, as it indicates that the company relies less on debt financing and has a higher proportion of assets funded by equity. Overall, the decreasing trend in SkyWest Inc's debt-to-assets ratio suggests improved financial stability and a potentially lower risk of default.
Peer comparison
Dec 31, 2024