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Allegiant Travel has the Highest Debt to Asset Ratio in the Airlines Industry (ALGT, SKYW, AAL, SAVE, CPA)

By Amy Schwartz

Below are the three companies in the Airlines industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.

Allegiant Travel ranks highest with a a debt to asset ratio of 53.43. Skywest Inc is next with a a debt to asset ratio of 49.23. American Airline ranks third highest with a a debt to asset ratio of 48.77.

Spirit Airlines follows with a a debt to asset ratio of 36.30, and Copa Holdin-Cl A rounds out the top five with a a debt to asset ratio of 27.62.

SmarTrend recommended that subscribers consider buying shares of Spirit Airlines on October 28th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $38.26. Since that recommendation, shares of Spirit Airlines have risen 4.0%. We continue to monitor Spirit Airlines for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest debt to asset ratio allegiant travel skywest inc american airline spirit airlines copa holdin-cl a

Ticker(s): ALGT SKYW AAL SAVE CPA