Sun Country Airlines Holdings (Sun Country Airlines Holdings) Debt-to-Equity : 1.33 (As of Mar. 2024)

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What is Sun Country Airlines Holdings Debt-to-Equity?

Sun Country Airlines Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $122 Mil. Sun Country Airlines Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $598 Mil. Sun Country Airlines Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $541 Mil. Sun Country Airlines Holdings's debt to equity for the quarter that ended in Mar. 2024 was 1.33.

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 Sun Country Airlines Holdings's Debt-to-Equity or its related term are showing as below:

SNCY' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.11 Med: 1.31 Max: 1.89
Current: 1.33

During the past 5 years, the highest Debt-to-Equity Ratio of Sun Country Airlines Holdings was 1.89. The lowest was 1.11. And the median was 1.31.

SNCY's Debt-to-Equity is ranked worse than
76.87% of 882 companies
in the Transportation industry
Industry Median: 0.56 vs SNCY: 1.33

Sun Country Airlines Holdings Debt-to-Equity Historical Data

The historical data trend for Sun Country Airlines Holdings'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.

Sun Country Airlines Holdings Debt-to-Equity Chart

Sun Country Airlines Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.61

1.89

1.11

1.28

1.36

Sun Country Airlines Holdings Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.32	1.35	1.38	1.36	1.33

Competitive Comparison of Sun Country Airlines Holdings's Debt-to-Equity

For the Airlines subindustry, Sun Country Airlines Holdings'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.

Sun Country Airlines Holdings's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Sun Country Airlines Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sun Country Airlines Holdings's Debt-to-Equity falls into.

Sun Country Airlines Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sun Country Airlines Holdings'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
	=	(121.152	+	576.625)	/	514.403
	=	1.36

Sun Country Airlines Holdings's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(121.714	+	598.324)	/	541.006
	=	1.33

Sun Country Airlines Holdings (NAS:SNCY) 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.

Sun Country Airlines Holdings Debt-to-Equity Related Terms

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Sun Country Airlines Holdings (Sun Country Airlines Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sun Country Airlines Holdings Inc (NAS:SNCY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2005 Cargo Road, Minneapolis, MN, USA, 55450

Website

https://www.suncountry.com

Sun Country Airlines Holdings Inc operates low-cost air carriers. The business has two operating segments: Passenger and Cargo. The passenger segment has two internal passenger groups Scheduled service and Charter. The Cargo segment provides air cargo services. The majority of the revenue is from the passenger segment.

Executives

Sca Horus Holdings, Llc	director, 10 percent owner	C/O SCA HORUS HOLDINGS, LLC, 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Erin Rose Neale	officer: General Counsel and Secretary	2005 CARGO ROAD, MINNEAPOLIS MN 55450
Grant Whitney	officer: Chief Revenue Officer & EVP	2005 CARGO ROAD, MINNEAPOLIS MN 55450
Jude Bricker	director, officer: Chief Executive Officer	1201 NORTH TOWN CENTER DRIVE, LAS VEGAS NV 89144
Gregory A. Mays	officer: Chief Operating Officer & EVP	2005 CARGO ROAD, MINNEAPOLIS MN 55450
John Gyurci	officer: Chief Acct. Off. & VP, Finance	2005 CARGO ROAD, MINNEAPOLIS MN 55450
David M Davis	director, officer: President & CFO
William Trousdale	officer: VP-Fin. Plan. & Anlys & Treas.	2005 CARGO ROAD, MINNEAPOLIS MN 55450
Eric Levenhagen	officer: Chief Admin. Off., GC & Sec.	2005 CARGO ROAD, MINNEAPOLIS MN 55450
Brian Edward Davis	officer: Chief Marketing Officer & SVP	2005 CARGO ROAD, MINNEAPOLIS MN 55450
Jennifer L Vogel	director	C/O AAR CORP., 1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Gail Peterson	director	1 ECOLAB PLACE, SAINT PAUL MN 55102
Jeffrey Mader	officer: Chief Information Off. & EVP	2005 CARGO ROAD, MINNEAPOLIS MN 55450
Patrick J. O'keeffe	director	2005 CARGO ROAD, MINNEAPOLIS MN 55450
Marion C Blakey	director	C/O ALASKA AIR GROUP, INC., 19300 INTERNATIONAL BLVD, SEATTLE WA 98188