Sun Country Airlines Holdings Inc (SNCY)
Debt-to-equity 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-equity ratio | 0.42 | 0.64 | 0.60 | 0.51 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $239,543K ÷ $570,373K
= 0.42
The debt-to-equity ratio of Sun Country Airlines Holdings Inc has shown some fluctuations over the period from December 31, 2021, to December 31, 2024.
In December 31, 2021, the debt-to-equity ratio was 0.51, indicating that the company had slightly more equity relative to its debt. However, by December 31, 2022, the ratio had increased to 0.60, suggesting that the company took on more debt compared to its equity.
In December 31, 2023, the ratio further increased to 0.64, indicating a higher proportion of debt in the company's capital structure. This trend reversed by December 31, 2024, with the ratio dropping to 0.42, implying that the company had reduced its debt relative to equity.
Overall, the trend in the debt-to-equity ratio reflects changes in the company's capital structure and its financing decisions over the period analyzed. Investors and stakeholders may want to further investigate the reasons behind these fluctuations and assess the company's ability to manage its debt levels effectively.
Peer comparison
Dec 31, 2024