Sun Country Airlines Holdings Inc (SNCY)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,630,180 | 1,623,630 | 1,524,410 | 1,380,420 |
| Total stockholders’ equity | US$ in thousands | 570,373 | 514,403 | 492,712 | 490,589 |
| Financial leverage ratio | 2.86 | 3.16 | 3.09 | 2.81 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,630,180K ÷ $570,373K
= 2.86
The financial leverage ratio for Sun Country Airlines Holdings Inc has shown a slightly increasing trend from 2.81 in December 31, 2021 to 3.16 in December 31, 2023, indicating that the company's reliance on debt to finance its operations has been on the rise. However, there was a slight decrease in the ratio to 2.86 by December 31, 2024.
This indicates that the company's debt obligations relative to its equity have been increasing, which may pose some risk in terms of financial stability and the ability to meet debt obligations in the long term. It's important for the company to monitor and manage its debt levels effectively to maintain a healthy financial structure and sustainability.
Peer comparison
Dec 31, 2024