Sun Country Airlines Holdings (FRA:6X2) Total Assets : €1,508.0 Mil (As of Mar. 2024)

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What is Sun Country Airlines Holdings Total Assets?

Sun Country Airlines Holdings's Total Assets for the quarter that ended in Mar. 2024 was €1,508.0 Mil.

During the past 12 months, Sun Country Airlines Holdings's average Total Assets Growth Rate was 10.40% per year. During the past 3 years, the average Total Assets Growth Rate was 13.40% per year.

During the past 5 years, Sun Country Airlines Holdings's highest 3-Year average Total Assets Growth Rate was 13.40%. The lowest was 9.60%. And the median was 11.50%.

Total Assets is connected with ROA %. Sun Country Airlines Holdings's annualized ROA % for the quarter that ended in Mar. 2024 was 8.67%. Total Assets is also linked to Revenue through Asset Turnover. Sun Country Airlines Holdings's Asset Turnover for the quarter that ended in Mar. 2024 was 0.19.

Sun Country Airlines Holdings Total Assets Historical Data

The historical data trend for Sun Country Airlines Holdings's Total Assets 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 Total Assets Chart

Sun Country Airlines Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

907.09

865.79

1,221.67

1,439.05

1,488.87

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
Total Assets	Get a 7-Day Free Trial															1,477.33	1,508.76	1,500.20	1,488.87	1,507.95

Sun Country Airlines Holdings Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Sun Country Airlines Holdings's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	471.708	+	1017.158
	=	1,488.9

Sun Country Airlines Holdings's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	497.726	+	1010.227
	=	1,508.0

Sun Country Airlines Holdings (FRA:6X2) Total Assets Explanation

Total Assets is connected with ROA %.

Sun Country Airlines Holdings's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	129.952	/	( (1488.866	+	1507.953)	/ 2 )
	=	129.952	/	1498.4095
	=	8.67 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Sun Country Airlines Holdings's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	286.564	/	( (1488.866	+	1507.953)	/ 2 )
=	286.564	/	1498.4095
=	0.19

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Sun Country Airlines Holdings Total Assets 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 » Total Assets

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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