Sun Country Airlines Holdings Inc (SNCY)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,630,180 | 1,609,860 | 1,603,890 | 1,639,080 | 1,623,630 | 1,601,070 | 1,634,620 | 1,581,730 | 1,524,410 | 1,521,440 | 1,506,740 | 1,419,590 | 1,380,420 |
| 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 |
| Financial leverage ratio | 2.86 | 2.91 | 2.93 | 3.03 | 3.16 | 3.08 | 3.02 | 3.04 | 3.09 | 2.99 | 3.04 | 2.86 | 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 of Sun Country Airlines Holdings Inc has shown an increasing trend from 2.81 as of December 31, 2021, to 2.86 as of March 31, 2022, and further increasing to 3.16 as of December 31, 2023. Subsequently, there was a slight decline to 2.86 as of December 31, 2024. Overall, the financial leverage ratio fluctuated over the period, indicating changes in the company's debt-to-equity mix and its reliance on debt financing. An increasing trend in the financial leverage ratio suggests a higher level of financial risk and leverage, while a declining trend may indicate improved financial stability. Sun Country Airlines Holdings Inc should closely monitor its financial leverage ratio to ensure a balanced capital structure and sustainable growth.
Peer comparison
Dec 31, 2024