Sun Country Airlines Holdings Inc (SNCY)

Debt-to-equity 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-equity ratio		0.42	0.50	0.53	0.58	0.64	0.68	0.68	0.66	0.60	0.64	0.64	0.49	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 fluctuated over the past few years, ranging from 0.42 to 0.68. A decreasing trend can be observed between December 31, 2021, and December 31, 2024, indicating a reduction in the company's reliance on debt relative to equity. However, there was a slight increase in the ratio from December 31, 2024, to March 31, 2024, followed by a gradual decrease again.

The ratio demonstrates how much of the company's capital is financed through debt versus equity. A lower ratio suggests that the company is relying more on equity financing rather than debt, which can be a positive sign for investors and creditors as it indicates a lower financial risk. Conversely, a higher ratio may indicate a higher level of financial leverage and potential risk.

Overall, Sun Country Airlines Holdings Inc's debt-to-equity ratio has shown some variability but generally remains within a reasonable range, reflecting a balanced capital structure with a prudent mix of debt and equity financing.