SkyWest Inc (SKYW)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	2,408,780	2,113,500	2,347,630	2,267,510	2,139,540
Debt-to-equity ratio		0.89	1.21	1.25	1.20	1.31

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,136,790K ÷ $2,408,780K
= 0.89

SkyWest Inc's debt-to-equity ratio has shown a decreasing trend from 1.31 as of December 31, 2020, to 0.89 as of December 31, 2024. This indicates that the company has been reducing its reliance on debt financing and increasing its equity position over the period. A decreasing debt-to-equity ratio can reflect improved financial health and lower financial risk for the company, as it indicates a lower level of debt relative to equity. It suggests that SkyWest Inc may be managing its debt levels effectively and potentially improving its solvency and financial stability.