SkyWest Inc (SKYW)

Financial leverage 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
Total assets	US$ in thousands	7,139,870	6,956,600	6,962,440	6,982,740	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
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
Financial leverage ratio		2.96	3.01	3.12	3.23	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

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,139,870K ÷ $2,408,780K
= 2.96

The financial leverage ratio of SkyWest Inc has shown some fluctuations over the reporting periods from March 31, 2020, to December 31, 2024. The ratio started at 3.08 on March 31, 2020, increased to 3.22 by December 31, 2020, then fluctuated between 3.07 and 3.16 until September 30, 2021. Subsequently, the ratio decreased steadily until December 31, 2024, reaching its lowest point of 2.96.

Overall, the financial leverage ratio of SkyWest Inc suggests that the company has been utilizing a moderate level of financial leverage in its capital structure over the analyzed period. The fluctuations observed in the ratio indicate possible changes in the company's debt levels and equity financing strategies during the respective quarters. It is essential for stakeholders to monitor these changes to assess the company's risk exposure and financial stability.