SkyWest Balance Sheet Health
Financial Health criteria checks 2/6
SkyWest has a total shareholder equity of $2.1B and total debt of $3.0B, which brings its debt-to-equity ratio to 142.2%. Its total assets and total liabilities are $7.0B and $4.9B respectively. SkyWest's EBIT is $106.4M making its interest coverage ratio 1.2. It has cash and short-term investments of $835.2M.
Key information
142.2%
Debt to equity ratio
US$3.01b
Debt
| Interest coverage ratio | 1.2x |
| Cash | US$835.22m |
| Equity | US$2.11b |
| Total liabilities | US$4.91b |
| Total assets | US$7.03b |
Recent financial health updates
SkyWest (NASDAQ:SKYW) Use Of Debt Could Be Considered Risky
Apr 11
Does SkyWest (NASDAQ:SKYW) Have A Healthy Balance Sheet?
Oct 14Here's Why SkyWest (NASDAQ:SKYW) Is Weighed Down By Its Debt Load
Jul 05These 4 Measures Indicate That SkyWest (NASDAQ:SKYW) Is Using Debt In A Risky Way
Mar 29These 4 Measures Indicate That SkyWest (NASDAQ:SKYW) Is Using Debt In A Risky Way
Oct 28SkyWest (NASDAQ:SKYW) Has No Shortage Of Debt
Jul 12Recent updates
SkyWest: Consider This One Even If You Don't Like Airline Stocks
Apr 16SkyWest (NASDAQ:SKYW) Use Of Debt Could Be Considered Risky
Apr 11SkyWest: Stock Could Outperform As Travel Could Exceed Pre-Pandemic Levels
Feb 09Earnings Beat: SkyWest, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Feb 04Many Still Looking Away From SkyWest, Inc. (NASDAQ:SKYW)
Jan 18SkyWest (NASDAQ:SKYW) Has Some Difficulty Using Its Capital Effectively
Dec 02Does SkyWest (NASDAQ:SKYW) Have A Healthy Balance Sheet?
Oct 14SkyWest (NASDAQ:SKYW) Will Be Hoping To Turn Its Returns On Capital Around
Aug 17Is It Time To Consider Buying SkyWest, Inc. (NASDAQ:SKYW)?
Jul 26Here's Why SkyWest (NASDAQ:SKYW) Is Weighed Down By Its Debt Load
Jul 05Investors Could Be Concerned With SkyWest's (NASDAQ:SKYW) Returns On Capital
May 05Is There Now An Opportunity In SkyWest, Inc. (NASDAQ:SKYW)?
Apr 16These 4 Measures Indicate That SkyWest (NASDAQ:SKYW) Is Using Debt In A Risky Way
Mar 29Is It Time To Consider Buying SkyWest, Inc. (NASDAQ:SKYW)?
Jan 04SkyWest (NASDAQ:SKYW) Could Be Struggling To Allocate Capital
Dec 17These 4 Measures Indicate That SkyWest (NASDAQ:SKYW) Is Using Debt In A Risky Way
Oct 28Is Now An Opportune Moment To Examine SkyWest, Inc. (NASDAQ:SKYW)?
Sep 22Some Investors May Be Worried About SkyWest's (NASDAQ:SKYW) Returns On Capital
Sep 07SkyWest up 8% after Q2 beats consensus
Jul 29SkyWest (NASDAQ:SKYW) Has No Shortage Of Debt
Jul 12SkyWest: Captains, Not Covid-19, Is The Limiting Factor
Jun 29SkyWest Airlines Navigates A Rough Regional Airline Environment
Jun 21At US$23.55, Is It Time To Put SkyWest, Inc. (NASDAQ:SKYW) On Your Watch List?
Jun 13There Are Reasons To Feel Uneasy About SkyWest's (NASDAQ:SKYW) Returns On Capital
May 22Industry Analysts Just Made A Sizeable Upgrade To Their SkyWest, Inc. (NASDAQ:SKYW) Revenue Forecasts
May 01Health Check: How Prudently Does SkyWest (NASDAQ:SKYW) Use Debt?
Mar 04SkyWest Shines Amidst Bleak Regional Airline Industry Reality
Mar 01Analysts Just Shaved Their SkyWest, Inc. (NASDAQ:SKYW) Forecasts Dramatically
Feb 06Is SkyWest, Inc. (NASDAQ:SKYW) Potentially Undervalued?
Jan 21Is SkyWest (NASDAQ:SKYW) Using Debt Sensibly?
Dec 03SkyWest Stock: The Outlook Is Improving
Nov 04Calculating The Fair Value Of SkyWest, Inc. (NASDAQ:SKYW)
Nov 02Is Now The Time To Look At Buying SkyWest, Inc. (NASDAQ:SKYW)?
Oct 18SkyWest: Potential Buy Depending On Risk Tolerance
Aug 01Is There An Opportunity With SkyWest, Inc.'s (NASDAQ:SKYW) 28% Undervaluation?
Jul 27Does SkyWest (NASDAQ:SKYW) Have A Healthy Balance Sheet?
Jun 02We Think SkyWest, Inc.'s (NASDAQ:SKYW) CEO Compensation Package Needs To Be Put Under A Microscope
Apr 28Have SkyWest, Inc. (NASDAQ:SKYW) Insiders Been Selling Their Stock?
Feb 26Financial Position Analysis
Short Term Liabilities: SKYW's short term assets ($1.1B) do not cover its short term liabilities ($1.3B).
Long Term Liabilities: SKYW's short term assets ($1.1B) do not cover its long term liabilities ($3.7B).
Debt to Equity History and Analysis
Debt Level: SKYW's net debt to equity ratio (102.7%) is considered high.
Reducing Debt: SKYW's debt to equity ratio has reduced from 160.9% to 142.2% over the past 5 years.
Debt Coverage: SKYW's debt is well covered by operating cash flow (24.5%).
Interest Coverage: SKYW's interest payments on its debt are not well covered by EBIT (1.2x coverage).