Sun Country Airlines Holdings Inc (SNCY)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	570,373	514,403	492,712	490,589
Debt-to-capital ratio		0.30	0.39	0.37	0.34

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $239,543K ÷ ($239,543K + $570,373K)
= 0.30

The debt-to-capital ratio of Sun Country Airlines Holdings Inc has shown an increasing trend over the past few years, rising from 0.34 as of December 31, 2021, to 0.37 as of December 31, 2022, and further increasing to 0.39 as of December 31, 2023. This indicates that the company is relying more on debt financing compared to its total capital structure.

However, there was a notable decrease in the debt-to-capital ratio to 0.30 as of December 31, 2024, suggesting a potential improvement in the company's capital structure by reducing its debt relative to its total capital.

Overall, fluctuations in the debt-to-capital ratio may indicate varying levels of financial leverage and risk for Sun Country Airlines Holdings Inc, which would be important for investors and creditors to monitor.