SkyWest Inc (SKYW)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	2,113,500	2,347,630	2,267,510	2,139,540	2,175,010
Debt-to-equity ratio		1.21	1.25	1.20	1.31	1.21

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,562,180K ÷ $2,113,500K
= 1.21

The debt-to-equity ratio of Skywest Inc. has fluctuated over the past five years, ranging from 1.37 in 2021 to 1.50 in 2020. In 2023, the ratio stands at 1.42, indicating that the company's level of debt in relation to shareholder equity has slightly improved compared to the previous year. While a high debt-to-equity ratio suggests that the company relies more on debt financing, it also signifies higher financial risk. Overall, the trend in Skywest Inc.'s debt-to-equity ratio suggests that the company has been managing its debt and equity structure, albeit with some variability over the years.