Allegiant Travel (ALGT) Debt Metrics
Market Cap: $975.96M
Avg Volume: 422.04K
Industry: Airlines, Airports & Air Services
Sector: Industrials
How much debt does Allegiant Travel have?
According to Allegiant Travel's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Allegiant Travel's total debt stands at $2.15B. This is broken down into:
- Long-term debt: $1.67B
- Short-term debt: $475.48M
The company's net debt, which accounts for cash and cash equivalents, is $1.86B. In terms of overall financial obligations, Allegiant Travel's total liabilities amount to $3.34B.
Debt Ratios and Metrics
To better understand Allegiant Travel's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 1.97 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 48.53% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: -2.16 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 60.58% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 66.37% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Allegiant Travel's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$2.15B
Long-term Debt
$1.67B
Short-term Debt
$475.48M
Net Debt
$1.86B
Total Liabilities
$3.34B
Interest Coverage
-2.16
Debt to Equity Ratio
1.97
Debt Ratio
48.53%
Allegiant Travel Historical Debt Metrics
Allegiant Travel Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $2.15B | $1.67B | $475.48M | $1.86B | $3.34B | 1.97 | 48.53% | -2.16 | 60.58% | 66.37% |
| 2023 | $2.36B | $1.90B | $460.81M | $2.22B | $3.54B | 1.78 | 48.53% | 2.05 | 51.13% | 64.01% |
| 2022 | $2.21B | $1.58B | $192.85M | $1.98B | $2.10B | 1.81 | 49.03% | -0.53 | 54.95% | 64.44% |
| 2021 | $1.88B | $1.43B | $168.22M | $1.51B | $2.77B | 1.53 | 47.02% | 1.43 | 51.72% | 60.53% |
| 2020 | $1.78B | $1.43B | $245.86M | $1.62B | $-14.10M | 2.54 | 259.10% | -2.60 | 65.45% | 71.74% |
| 2019 | $1.42B | $1.27B | $175.94M | $1.30B | $2.13B | 1.61 | 47.23% | 3.06 | 58.56% | 61.67% |
| 2018 | $1.27B | $1.12B | $152.29M | $1.19B | $1.81B | 1.84 | 50.90% | 4.53 | 61.86% | 64.82% |
| 2017 | $1.16B | $950.13M | $10.46M | $1.11B | $1.63B | 2.13 | 53.43% | 5.83 | 63.42% | 68.01% |
| 2016 | $808.27M | $722.05M | $86.23M | $743.56M | $1.20B | 1.71 | 48.35% | 12.85 | 60.39% | 63.05% |
| 2015 | $641.68M | $567.61M | $74.07M | $554.57M | $1.00B | 1.83 | 47.47% | 14.02 | 61.86% | 64.71% |
Related Metrics
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