SkyWest (FRA:SY2) LT-Debt-to-Total-Asset : 0.31 (As of Dec. 2024)

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What is SkyWest LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. SkyWest's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.31.

SkyWest's long-term debt to total assets ratio declined from Dec. 2023 (0.37) to Dec. 2024 (0.31). It may suggest that SkyWest is progressively becoming less dependent on debt to grow their business.

SkyWest LT-Debt-to-Total-Asset Historical Data

The historical data trend for SkyWest's LT-Debt-to-Total-Asset 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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SkyWest LT-Debt-to-Total-Asset Chart

SkyWest Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.44

0.40

0.41

0.37

0.31

SkyWest Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.37	0.35	0.34	0.33	0.31

SkyWest LT-Debt-to-Total-Asset Calculation

SkyWest's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	2104.868	/	6818.573
	=	0.31

SkyWest's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	2104.868	/	6818.573
	=	0.31

SkyWest (FRA:SY2) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

SkyWest LT-Debt-to-Total-Asset Related Terms

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SkyWest Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SkyWest Inc (FRA:SY2) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

SKYW:USA SY2:Germany

Address

444 South River Road, St. George, UT, USA, 84790

Website

https://inc.skywest.com

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 airlines. It partners with carriers across the world to fly and operate aircraft for a fee. SkyWest may use the carriers's brand and ground support to coordinate marketing and easily transport passengers. The company has two reportable segments: SkyWest Airlines, which generates maximum revenue, and SkyWest Leasing.

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