SkyWest Inc (SKYW)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	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	2,175,010	2,116,260	2,052,240	2,000,570
Debt-to-equity ratio		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	1.21	1.24	1.32	1.37

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 been relatively stable over the past eight quarters, ranging between 1.40 and 1.48. This indicates that the company has been maintaining a moderate level of debt relative to its equity during this period. A debt-to-equity ratio above 1 suggests that the company relies more on debt financing than equity financing to fund its operations and growth.

While the ratio has fluctuated slightly, it has generally remained within a narrow range, which could indicate a consistent debt management strategy by the company. Investors and creditors typically monitor this ratio to assess the company's financial leverage and risk exposure.

Overall, based on the data provided, Skywest Inc. appears to have a stable debt-to-equity ratio, which suggests a balanced approach to financing its operations through a combination of debt and equity.