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SkyWest (SkyWest) Effective Interest Rate on Debt %

: 3.97% (As of Dec. 2023)
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Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. SkyWest's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $124 Mil. SkyWest's average total debt for the quarter that ended in Dec. 2023 was $3,128 Mil. Therefore, SkyWest's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.97%.


SkyWest Effective Interest Rate on Debt % Historical Data

The historical data trend for SkyWest's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

SkyWest Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.93 3.60 3.60 3.69 3.95

SkyWest Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.89 3.88 4.04 4.04 3.97

Competitive Comparison

For the Airlines subindustry, SkyWest's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SkyWest Effective Interest Rate on Debt % Distribution

For the Transportation industry and Industrials sector, SkyWest's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where SkyWest's Effective Interest Rate on Debt % falls into.



SkyWest Effective Interest Rate on Debt % Calculation

SkyWest's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -130.93/( (3540.622+3092.779)/ 2 )
=-1  *  -130.93/3316.7005
=3.95 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3030.394 + 510.228
=3540.622

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2629.575 + 463.204
=3092.779

SkyWest's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -124.196/( (3162.638+3092.779)/ 2 )
=-1  *  -124.196/3127.7085
=3.97 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2700.227 + 462.411
=3162.638

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2629.575 + 463.204
=3092.779

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


SkyWest  (NAS:SKYW) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


SkyWest Effective Interest Rate on Debt % Related Terms

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SkyWest (SkyWest) Business Description

Industry
Traded in Other Exchanges
Address
444 South River Road, St. George, UT, USA, 84790
SkyWest Inc offers commercial air services in the United States, Canada, Mexico, and the Caribbean. Additionally, it leases aircraft to capable users to help generate revenue. Generally, SkyWest provides regional flights, and utilizes its smaller, lower-cost aircraft to carry passengers that booked tickets through major airlines. It partners with major global carriers to fly and operate aircraft for a fee. SkyWest may use the major carriers' brand and ground support to coordinate marketing and easily transport passengers. The company has two reportable segments: SkyWest Airlines and SkyWest Leasing.
Executives
James L Welch director 5550 SW MACADAM AVENUE, SUITE 200, PORTLAND OR 97239
Robert J Simmons officer: Chief Financial Officer C/O SKYWEST, INC., 444 SOUTH RIVER ROAD, SAINT GEORGE UT 84790
Jerry C Atkin director, officer: Chairman, President and CEO 684 S OAKRIDGE DRIVE, PINE VALLEY UT 84781
Wade J Steel officer: Executive Vice President 1847 VIEW POINT CIRCLE, SANTA CLARA UT 84765
Russell A Childs officer: Pres. & COO of SkyWest Airline 444 SOUTH RIVER ROAD, ST GEORGE UT 84790
Henry J Eyring director
Eric Woodward officer: Chief Accounting Officer 444 SOUTH RIVER ROAD, ST. GEORGE UT 84790
Smita Conjeevaram director 70 HERETOLD ROAD, BRONXVILLE NY 17708
Greg Wooley officer: Exec VP Operations C/O SKYWEST INC., 444 S. RIVER RD, ST. GEORGE UT 84790
W Steve Albrecht director 3901 NO FIRST ST, SAN JOSE CA 95134
Michael S Thompson officer: Chief Operating Officer, other: Skwest Airlines 2311 S COYOTE LOOP, WASHINGTON UT 84780
Terry Vais officer: Chief Commercial Officer 251 HIGHWOODS PKWY, NEWNAN GA 30265
Andrew C Roberts director C/O SKYWEST, INC., 444 S RIVER ROAD, ST. GEORGE UT 84790
Meredith R. Siegfried director C/O SKYWEST, INC., 444 S RIVER ROAD, ST. GEORGE UT 84790
Alexandria Panot Marren officer: COO of ExpressJet Airlines 444 S. RIVER ROAD, ST. GEORGE UT 84790