SkyWest Inc (SKYW)

Debt-to-assets 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
Long-term debt	US$ in thousands	2,136,790	2,196,550	2,284,380	2,389,230	2,562,180	2,633,710	2,743,800	2,855,520	2,941,770	2,982,030	2,864,480	2,791,270	2,717,420	2,605,060	2,652,260	2,748,720	2,801,540	2,707,770	2,664,120	2,537,610
Total assets	US$ in thousands	7,139,870	6,956,600	6,962,440	6,982,740	7,026,290	7,059,120	7,115,770	7,233,760	7,414,550	7,454,200	7,336,650	7,148,960	7,125,950	6,940,500	6,991,760	6,894,680	6,887,620	6,758,590	6,773,380	6,661,410
Debt-to-assets ratio		0.30	0.32	0.33	0.34	0.36	0.37	0.39	0.39	0.40	0.40	0.39	0.39	0.38	0.38	0.38	0.40	0.41	0.40	0.39	0.38

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 shown a relatively stable trend over the analyzed period from March 31, 2020, to December 31, 2024. The ratio started at 0.38 in March 2020, increased gradually to 0.41 by December 2020, and fluctuated around 0.40 during the subsequent quarters of 2021 and 2022. From March 2023, the ratio started to decline moderately, reaching 0.30 by December 31, 2024.

Overall, the debt-to-assets ratio indicates the proportion of the company's assets that are funded by debt, with a lower ratio suggesting less reliance on debt financing. The declining trend observed from March 2023 may imply that SkyWest Inc has been reducing its debt levels in relation to its total assets over the analyzed period. This could reflect a strategy to improve financial stability and reduce potential risks associated with high debt levels.