SkyWest Inc (SKYW)

Financial leverage 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
Total assets	US$ in thousands	7,026,290	7,059,120	7,115,770	7,233,760	7,414,550	7,454,200	7,336,650	7,148,960	7,125,950	6,940,500	6,991,760	6,894,680	6,887,620	6,758,590	6,773,380	6,661,410	6,657,130	6,597,660	6,580,020	6,544,530
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
Financial leverage ratio		3.32	3.30	3.30	3.24	3.16	3.11	3.13	3.12	3.14	3.07	3.11	3.16	3.22	3.09	3.16	3.08	3.06	3.12	3.21	3.27

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,026,290K ÷ $2,113,500K
= 3.32

The financial leverage ratio of Skywest Inc. has been relatively stable over the past eight quarters, ranging from 3.11 to 3.32. This ratio indicates that the company is using a higher proportion of debt to finance its operations compared to equity. Skywest's financial leverage appears to have increased gradually over the quarters, suggesting a potential increase in the company's debt levels relative to its equity. This implies that Skywest has been relying more on debt financing to support its business activities, which may expose the company to higher financial risks and interest expenses. It would be advisable for investors and stakeholders to closely monitor how Skywest manages its debt levels and its overall financial health to ensure sustainable growth and profitability.