Sun Country Airlines Holdings (FRA:6X2) LT-Debt-to-Total-Asset : 0.37 (As of Mar. 2024)

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What is Sun Country Airlines Holdings 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. Sun Country Airlines Holdings's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.37.

Sun Country Airlines Holdings's long-term debt to total assets ratio declined from Mar. 2023 (0.38) to Mar. 2024 (0.37). It may suggest that Sun Country Airlines Holdings is progressively becoming less dependent on debt to grow their business.

Sun Country Airlines Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sun Country Airlines Holdings'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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Sun Country Airlines Holdings LT-Debt-to-Total-Asset Chart

Sun Country Airlines Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.32

0.44

0.35

0.36

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
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.38	0.37	0.38	0.36	0.37

Sun Country Airlines Holdings LT-Debt-to-Total-Asset Calculation

Sun Country Airlines Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	528.765	/	1488.866
	=	0.36

Sun Country Airlines Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	550.458	/	1507.953
	=	0.37

Sun Country Airlines Holdings (FRA:6X2) 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.

Sun Country Airlines Holdings LT-Debt-to-Total-Asset Related Terms

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Sun Country Airlines Holdings (FRA:6X2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sun Country Airlines Holdings Inc (FRA:6X2) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SNCY:USA

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.

Sun Country Airlines Holdings (FRA:6X2) Headlines

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