SkyWest Inc (SKYW)

Debt-to-equity 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-equity ratio		0.89	0.95	1.02	1.10	1.21	1.23	1.27	1.28	1.25	1.24	1.22	1.22	1.20	1.15	1.18	1.26	1.31	1.24	1.24	1.17

December 31, 2024 calculation

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

The debt-to-equity ratio of SkyWest Inc has shown a fluctuating trend over the past few years. Starting at 1.17 on March 31, 2020, the ratio increased to 1.31 by December 31, 2020. However, after reaching this peak, the ratio started to decrease gradually, falling to 0.89 by December 31, 2024.

The fluctuations in the debt-to-equity ratio indicate changes in the company's capital structure and its ability to manage debt effectively. A higher ratio suggests that the company is relying more on debt financing, which can increase financial risk. Conversely, a lower ratio indicates a stronger equity position relative to debt, which may be viewed positively by investors and creditors.

It is essential for SkyWest Inc to carefully manage its debt levels and ensure a balanced capital structure to maintain financial stability and sustainable growth. Monitoring and analyzing the debt-to-equity ratio over time can provide insights into the company's financial health and performance.