Sun Country Airlines Holdings Inc (SNCY)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.15 | 0.17 | 0.18 | 0.19 | 0.20 | 0.22 | 0.22 | 0.22 | 0.19 | 0.21 | 0.21 | 0.17 | 0.18 |
| 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 |
| 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 |
| 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 |
Sun Country Airlines Holdings Inc has shown relatively consistent solvency ratios over the reporting period.
The Debt-to-assets ratio has fluctuated slightly between 0.15 and 0.22, indicating that the company's total debt as a percentage of its total assets has remained within a reasonable range.
The Debt-to-capital ratio has also shown a similar trend, ranging from 0.30 to 0.40. This ratio reflects the proportion of the company's total debt to its total capital, including debt and equity.
The Debt-to-equity ratio, which measures the proportion of debt financing relative to equity, has ranged from 0.42 to 0.68. Overall, the company has maintained a balance between debt and equity in its capital structure.
The Financial leverage ratio, which indicates the extent to which the company is utilizing debt, has fluctuated between 2.81 and 3.16. This ratio suggests that the company has managed its leverage effectively, although there have been some fluctuations over time.
In conclusion, Sun Country Airlines Holdings Inc's solvency ratios indicate that the company has maintained a relatively stable financial position and has effectively managed its debt levels relative to its assets and capital structure.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 2.49 | 2.31 | 2.50 | 3.02 | 3.21 | 3.45 | 3.80 | 3.16 | 1.77 | 1.49 | 1.60 | 4.02 | 4.78 |
Sun Country Airlines Holdings Inc's interest coverage ratio provides insight into the company's ability to cover its interest expenses with its operating income. A higher interest coverage ratio indicates a stronger ability to meet interest obligations.
Based on the data provided:
- Sun Country Airlines Holdings Inc had an interest coverage ratio of 4.78 as of December 31, 2021, indicating that the company's operating income was 4.78 times greater than its interest expenses.
- The interest coverage ratio decreased to 1.60 as of June 30, 2022 and further dropped to 1.49 by September 30, 2022, suggesting a potential strain on the company's ability to cover its interest expenses.
- However, the ratio improved slightly to 1.77 as of December 31, 2022, and continued to increase in the subsequent periods, reaching 3.02 as of March 31, 2024.
- The interest coverage ratio fluctuated over the reporting periods, with a range from a low of 1.49 to a high of 4.78, but generally showed a trend of improvement towards the end of the data set.
Overall, Sun Country Airlines Holdings Inc's interest coverage ratio indicates varying levels of ability to cover its interest expenses over the reporting periods, with improvements seen in some periods. It is essential for the company to maintain a healthy interest coverage ratio to ensure financial stability and meet its debt obligations.