SkyWest Inc (SKYW)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	2,408,780	2,311,500	2,231,180	2,164,900	2,113,500	2,136,700	2,157,240	2,232,060	2,347,630	2,395,950	2,345,030	2,289,720	2,267,510	2,261,810	2,248,900	2,181,520	2,139,540	2,185,100	2,142,960	2,163,440
Debt-to-capital ratio		0.47	0.49	0.51	0.52	0.55	0.55	0.56	0.56	0.56	0.55	0.55	0.55	0.55	0.54	0.54	0.56	0.57	0.55	0.55	0.54

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,136,790K ÷ ($2,136,790K + $2,408,780K)
= 0.47

As of December 31, 2024, SkyWest Inc's debt-to-capital ratio stood at 0.47. This ratio indicates that the company's total debt represents 47% of its total capital, which includes both debt and equity. The decreasing trend in the debt-to-capital ratio from 2020 to 2024 indicates that SkyWest has been reducing its reliance on debt to finance its operations in comparison to its equity capital. This trend may suggest improved financial stability and decreased financial risk for the company. However, it is essential to consider the industry benchmarks and the company's specific circumstances when evaluating the significance of this ratio.