Sun Country Airlines Holdings Inc (SNCY)

Debt-to-capital 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 stockholders’ equity US$ in thousands 570,373 552,546 546,851 541,006 514,403 519,361 540,765 521,007 492,712 508,005 495,888 497,069 490,589
Debt-to-capital ratio 0.30 0.33 0.35 0.37 0.39 0.40 0.40 0.40 0.37 0.39 0.39 0.33 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 fluctuations over the period from December 31, 2021, to December 31, 2024. Starting at 0.34 in December 2021, the ratio decreased slightly to 0.33 by March 2022 before experiencing an uptick to 0.39 in both June and September 2022. Subsequently, there was a slight decline to 0.37 by December 2022 followed by an increase to 0.40 by March 2023 and maintained at this level for the next three quarters.

However, starting from December 31, 2023, the ratio started to decline gradually. It decreased to 0.39 by December 2023, further down to 0.37 by March 2024, and then to 0.35 by June 2024. The downward trend continued, reaching 0.30 by December 31, 2024.

Overall, the debt-to-capital ratio of Sun Country Airlines Holdings Inc has shown variability, with periods of increase and decrease. A declining trend in the ratio indicates a potential reduction in the company's financial leverage and reliance on debt financing relative to its total capital. This may suggest improved financial stability and lower risk associated with debt obligations.