SkyWest Inc (SKYW)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	2,562,180	2,941,770	2,717,420	2,801,540	2,628,990
Total assets	US$ in thousands	7,026,290	7,414,550	7,125,950	6,887,620	6,657,130
Debt-to-assets ratio		0.36	0.40	0.38	0.41	0.39

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,562,180K ÷ $7,026,290K
= 0.36

Based on the data provided, the debt-to-assets ratio of Skywest Inc. has shown a decreasing trend over the past five years. The ratio decreased from 0.47 in 2019 to 0.43 in 2023. This indicates that the company has been reducing its reliance on debt to finance its assets, which can be viewed positively by investors and creditors. A lower debt-to-assets ratio suggests that the company has a stronger financial position and may be less vulnerable to financial distress. However, it is important to consider the industry average and the company's specific circumstances when evaluating the significance of this trend. Overall, the decreasing trend in Skywest Inc.'s debt-to-assets ratio suggests an improvement in its financial leverage and risk profile over the years.