Allegiant Travel Co (Allegiant Travel Co) Debt-to-Equity

: 1.78 (As of Dec. 2023)

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Allegiant Travel Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $461 Mil. Allegiant Travel Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,902 Mil. Allegiant Travel Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,329 Mil. Allegiant Travel Co's debt to equity for the quarter that ended in Dec. 2023 was 1.78.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Allegiant Travel Co's Debt-to-Equity or its related term are showing as below:

ALGT' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.53 Med: 1.82 Max: 2.54
Current: 1.78

During the past 13 years, the highest Debt-to-Equity Ratio of Allegiant Travel Co was 2.54. The lowest was 1.53. And the median was 1.82.

ALGT's Debt-to-Equity is ranked worse than
85.1% of 886 companies
in the Transportation industry
Industry Median: 0.55 vs ALGT: 1.78

Allegiant Travel Co Debt-to-Equity Historical Data

The historical data trend for Allegiant Travel Co's Debt-to-Equity 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.

Allegiant Travel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.64

2.54

1.53

1.81

1.78

Allegiant Travel Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																1.81	1.74	1.65	1.78	1.78

Competitive Comparison

For the Airlines subindustry, Allegiant Travel Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Allegiant Travel Co Debt-to-Equity Distribution

For the Transportation industry and Industrials sector, Allegiant Travel Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Allegiant Travel Co's Debt-to-Equity falls into.

Allegiant Travel Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Allegiant Travel Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(460.81	+	1902.127)	/	1328.56
	=	1.78

Allegiant Travel Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(460.81	+	1902.127)	/	1328.56
	=	1.78

Allegiant Travel Co (NAS:ALGT) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Allegiant Travel Co Debt-to-Equity Related Terms

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Allegiant Travel Co (Allegiant Travel Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Allegiant Travel Co (NAS:ALGT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1201 North Town Center Drive, Las Vegas, NV, USA, 89144

Website

https://www.allegiant.com

Allegiant Travel Co provides travel services in the United States. It sells air transportation on a stand-alone basis or bundled with air-related and third-party services and products. Customers may also purchase fixed-fee flying arrangements to receive charter service on a year-round and ad hoc basis. Additionally, customers may purchase hotel rooms, ground transportation, and other attractions (for example, entertainment show tickets) to accommodate a trip. The company's operating segment includes Airline, Sunseeker Resort, and other non-airline. Customers purchase travel tickets at airport ticket counters, online, or through its telephone reservation center.

Executives

Scott Wayne Deangelo	officer: EVP, Marketing	1201 N TOWN CENTER DRIVE, LAS VEGAS NV 89144
Keny Frank Wilper	officer: Interim COO	1201 N TOWN CENTER DR, LAS VEGAS NV 89144
Gary Ellmer	director	448 LANG ROAD, PORTSMOUTH NH 03801
Gregory Clark Anderson	officer: Chief Accounting Officer	1201 NORTH TOWN CENTER DRIVE, LAS VEGAS NV 89144
Wilson Robert Paul Iii	officer: EVP and CIO	1201 N TOWN CENTER DR, LAS VEGAS NV 89144
Drew Allen Wells	officer: SVP, Chief Revenue Officer	1201 N. TOWN CENTER DRIVE, LAS VEGAS NV 89144
Scott Sheldon	officer: Principal Accounting Officer	1201 NORTH TOWN CENTER DRIVE, LAS VEGAS NV 89144
Robert James Neal	officer: CFO	1201 N TOWN CENTER DR, LAS VEGAS NV 89144
Gallagher Maurice J Jr	director, 10 percent owner, officer: CEO and President	1201 NORTH TOWN CENTER DRIVE, LAS VEGAS NV 89144
Rebecca Aretos	officer: Principal Accounting Officer	1201 N. TOWN CENTER DRIVE., LAS VEGAS NV 89144
Sandra Douglass Morgan	director	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
John Redmond	director	1201 N. TOWN CENTER DRIVE, LAS VEGAS NV 89144
Linda A Marvin	officer: CFO and Managing Director	9057 WATERFIELD COURT, LAS VEGAS NV 89134
Charles W. Pollard	director	50 CRESCENT AVENUE, SECOND CLIFF, SCITUATE MA 02066
Jude Bricker	officer: SVP - Planning	1201 NORTH TOWN CENTER DRIVE, LAS VEGAS NV 89144