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.
Peer comparison
Dec 31, 2024