Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Alaska Air Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $3,977 Mil. Alaska Air Group's Total Assets for the quarter that ended in Mar. 2024 was $14,813 Mil.
Therefore, Alaska Air Group's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.27.
The historical rank and industry rank for Alaska Air Group's Equity-to-Asset or its related term are showing as below:
ALK'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.21 Med: 0.31 Max: 0.37
Current: 0.28
During the past 13 years, the highest Equity to Asset Ratio of Alaska Air Group was 0.37. The lowest was 0.21. And the median was 0.31.
ALK's Equity-to-Asset is ranked worse than 76.81% of 979
companies
in the Transportation industry
Industry Median: 0.49
vs ALK: 0.28
Alaska Air Group Equity-to-Asset Historical Data
The historical data trend for Alaska Air Group's Equity-to-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.
For the Airlines subindustry, Alaska Air Group's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.
Alaska Air Group Equity-to-Asset Distribution
For the Transportation industry and Industrials sector, Alaska Air Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Alaska Air Group's Equity-to-Asset falls into.
Alaska Air Group Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Alaska Air Group's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Alaska Air Group (NYSE:ALK) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Alaska Air Group Equity-to-Asset Related Terms
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Alaska Air Group (Alaska Air Group) Business Description
Alaska Air Group Inc operates two airlines, Alaska and Horizon in three operating segments. The Mainline segment includes scheduled air transportation on Alaska's Boeing and Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Mexico, and Costa Rica. The Regional segment includes Horizon's and other third-party carriers' scheduled air transportation for passengers across a shorter distance network within the U.S. and Canada under capacity purchase agreements (CPA). The Horizon segment includes the capacity sold to Alaska under a CPA. It earns revenues from Passenger tickets, including ticket breakage and net of taxes and fees, Passenger ancillary and Mileage Plan passenger revenue.
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