Sun Country Airlines Holdings Inc (SNCY)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 239,543 | 327,468 | 294,687 | 248,014 |
| Total assets | US$ in thousands | 1,630,180 | 1,623,630 | 1,524,410 | 1,380,420 |
| Debt-to-assets ratio | 0.15 | 0.20 | 0.19 | 0.18 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $239,543K ÷ $1,630,180K
= 0.15
Sun Country Airlines Holdings Inc's debt-to-assets ratio has shown a slight upward trend over the last four years, increasing from 0.18 in 2021 to 0.15 in 2024. This indicates that the company's level of debt relative to its total assets has been gradually rising. A higher debt-to-assets ratio suggests that a larger portion of the company's assets are financed through debt, which may indicate higher financial risk. However, it is important to note that a lower debt-to-assets ratio in 2024 could potentially signify improved financial health compared to the previous year. Monitoring this ratio over time will be crucial to assess the company's ability to manage its debt obligations and maintain a healthy balance sheet.
Peer comparison
Dec 31, 2024