Allegiant Travel Co (FRA:AGH) Debt-to-Equity : 1.78 (As of Dec. 2023)

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What is Allegiant Travel Co Debt-to-Equity?

Allegiant Travel Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €423 Mil. Allegiant Travel Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1,744 Mil. Allegiant Travel Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €1,218 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:

FRA:AGH' 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.

FRA:AGH's Debt-to-Equity is ranked worse than
84.73% of 884 companies
in the Transportation industry
Industry Median: 0.545 vs FRA:AGH: 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.

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Allegiant Travel Co Debt-to-Equity Chart

Allegiant Travel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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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	Get a 7-Day Free Trial															1.81	1.74	1.65	1.78	1.78

Competitive Comparison of Allegiant Travel Co's Debt-to-Equity

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's Debt-to-Equity Distribution in the Transportation Industry

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
	=	(422.563	+	1744.25)	/	1218.29
	=	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
	=	(422.563	+	1744.25)	/	1218.29
	=	1.78

Allegiant Travel Co (FRA:AGH) 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 (FRA:AGH) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

ALGT:USA

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.

Allegiant Travel Co (FRA:AGH) Headlines

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