SkyWest Inc (SKYW)

Debt-to-assets 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
Long-term debt	US$ in thousands	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	2,628,990	2,622,240	2,719,040	2,734,320
Total assets	US$ in thousands	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	6,657,130	6,597,660	6,580,020	6,544,530
Debt-to-assets ratio		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	0.39	0.40	0.41	0.42

December 31, 2023 calculation

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

The debt-to-assets ratio of Skywest Inc. has shown consistency over the past eight quarters, ranging from 0.43 to 0.46. This ratio indicates the proportion of the company's assets financed by debt.

The trend shows a slight increase in the ratio from the first to the fourth quarter of each year, indicating either a rise in debt levels or a decline in asset values over those periods. However, the variation between quarters is relatively small, suggesting that the company has maintained a stable balance between debt and assets over time.

A debt-to-assets ratio around 0.45 implies that approximately 45% of Skywest Inc.'s assets are funded by debt. This level indicates a moderate reliance on debt financing, which may be a strategic choice depending on factors such as interest rates and the company's growth plans.

Overall, the consistent debt-to-assets ratio suggests that Skywest Inc. has been managing its debt levels relative to its asset base effectively, maintaining a stable financial structure over the analyzed period.