Sun Country Airlines Holdings Inc (SNCY)

Debt-to-assets 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
Long-term debt	US$ in thousands	239,543	275,864	289,589	313,733	327,468	351,766	365,211	346,065	294,687	324,662	319,733	242,544	248,014
Total assets	US$ in thousands	1,630,180	1,609,860	1,603,890	1,639,080	1,623,630	1,601,070	1,634,620	1,581,730	1,524,410	1,521,440	1,506,740	1,419,590	1,380,420
Debt-to-assets ratio		0.15	0.17	0.18	0.19	0.20	0.22	0.22	0.22	0.19	0.21	0.21	0.17	0.18

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $239,543K ÷ $1,630,180K
= 0.15

The debt-to-assets ratio of Sun Country Airlines Holdings Inc has shown a relatively stable trend over the analyzed period from December 31, 2021, to December 31, 2024. The ratio indicates the proportion of the company's assets financed by debt.

The ratio started at 0.18 on December 31, 2021, slightly decreased to 0.17 by March 31, 2022, and then increased to 0.21 by June 30, 2022 and remained at that level until September 30, 2022. Subsequently, the ratio slightly decreased to 0.19 by December 31, 2022, before rising to 0.22 by March 31, 2023, and maintaining that level until September 30, 2023.

As of December 31, 2023, the debt-to-assets ratio decreased to 0.20, followed by a further decrease to 0.19 by March 31, 2024, and 0.18 by June 30, 2024. The ratio continued its decline, reaching 0.17 by September 30, 2024, and further decreased to 0.15 by December 31, 2024.

Overall, the trend in the debt-to-assets ratio of Sun Country Airlines Holdings Inc indicates a conservative approach towards debt financing, as the company has been reducing its reliance on debt to finance its assets over the analyzed period. This decreasing trend may suggest improved financial stability and lower financial risk in the company's capital structure.