Sun Country Airlines Holdings Inc (SNCY) - Net Assets
Based on the latest financial reports, Sun Country Airlines Holdings Inc (SNCY) has net assets worth $625.20 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.68 Billion) and total liabilities ($1.06 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Sun Country Airlines Holdings Inc asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $625.20 Million |
| % of Total Assets | 37.2% |
| Annual Growth Rate | 14.96% |
| 5-Year Change | 27.44% |
| 10-Year Change | N/A |
| Growth Volatility | 23.74 |
Sun Country Airlines Holdings Inc - Net Assets Trend (2018–2025)
This chart illustrates how Sun Country Airlines Holdings Inc's net assets have evolved over time, based on quarterly financial data. Also explore SNCY current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Sun Country Airlines Holdings Inc (2018–2025)
The table below shows the annual net assets of Sun Country Airlines Holdings Inc from 2018 to 2025. For live valuation and market cap data, see SNCY stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $625.20 Million | +9.61% |
| 2024-12-31 | $570.37 Million | +10.88% |
| 2023-12-31 | $514.40 Million | +4.40% |
| 2022-12-31 | $492.71 Million | +0.43% |
| 2021-12-31 | $490.59 Million | +72.85% |
| 2020-12-31 | $283.82 Million | +0.03% |
| 2019-12-31 | $283.72 Million | +20.40% |
| 2018-12-31 | $235.65 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sun Country Airlines Holdings Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 20030800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $199.94 Million | 31.98% |
| Common Stock | $610.00K | 0.10% |
| Other Comprehensive Income | $15.00K | 0.00% |
| Other Components | $424.63 Million | 67.92% |
| Total Equity | $625.20 Million | 100.00% |
Sun Country Airlines Holdings Inc Competitors by Market Cap
The table below lists competitors of Sun Country Airlines Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jdd Tech New Mat Co Ltd
SHE:301538
|
$855.73 Million |
|
Salfacorp
SN:SALFACORP
|
$855.74 Million |
|
Omnijoi Media Corp
SHE:300528
|
$856.03 Million |
|
China Railway Signal & Communication Corporation Limited
F:RS3
|
$856.25 Million |
|
Teekay Corporation
NYSE:TK
|
$855.25 Million |
|
Shanghai Kelai Mechatronics
SHG:603960
|
$855.22 Million |
|
Scandinavian Tobacco Group A/S
CO:STG
|
$854.90 Million |
|
SHENWAN HONGYUAN GR.H YC1
F:2X2A
|
$854.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sun Country Airlines Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 570,373,000 to 625,200,000, a change of 54,827,000 (9.6%).
- Net income of 52,809,000 contributed positively to equity growth.
- Share repurchases of 20,000,000 reduced equity.
- Other comprehensive income increased equity by 107,000.
- Other factors increased equity by 21,911,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $52.81 Million | +8.45% |
| Share Repurchases | $20.00 Million | -3.2% |
| Other Comprehensive Income | $107.00K | +0.02% |
| Other Changes | $21.91 Million | +3.5% |
| Total Change | $- | 9.61% |
Book Value vs Market Value Analysis
This analysis compares Sun Country Airlines Holdings Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.39x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.83x to 1.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $4.12 | $15.79 | x |
| 2019-12-31 | $4.96 | $15.79 | x |
| 2020-12-31 | $4.97 | $15.79 | x |
| 2021-12-31 | $8.27 | $15.79 | x |
| 2022-12-31 | $8.07 | $15.79 | x |
| 2023-12-31 | $8.79 | $15.79 | x |
| 2024-12-31 | $10.36 | $15.79 | x |
| 2025-12-31 | $11.40 | $15.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sun Country Airlines Holdings Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.45%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.69%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 2.69x
- Recent ROE (8.45%) is below the historical average (9.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 10.84% | 4.39% | 0.86x | 2.87x | $1.98 Million |
| 2019 | 16.24% | 6.57% | 0.70x | 3.55x | $17.70 Million |
| 2020 | -1.38% | -0.97% | 0.38x | 3.71x | $-32.29 Million |
| 2021 | 16.56% | 13.04% | 0.45x | 2.81x | $32.19 Million |
| 2022 | 3.59% | 1.98% | 0.59x | 3.09x | $-31.60 Million |
| 2023 | 14.03% | 6.88% | 0.65x | 3.16x | $20.74 Million |
| 2024 | 9.28% | 4.92% | 0.66x | 2.86x | $-4.13 Million |
| 2025 | 8.45% | 4.69% | 0.67x | 2.69x | $-9.71 Million |
Industry Comparison
This section compares Sun Country Airlines Holdings Inc's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $585,391,936
- Average return on equity (ROE) among peers: -258.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sun Country Airlines Holdings Inc (SNCY) | $625.20 Million | 10.84% | 1.69x | $855.69 Million |
| American Airlines Group (AAL) | $46.00 Million | -2669.57% | 636.61x | $6.80 Billion |
| Grupo Aeroméxico, S.A.B. de C.V. (AERO) | $-1.65 Billion | 0.00% | 0.00x | $203.54 Million |
| Allegiant Travel Company (ALGT) | $1.33 Billion | 8.85% | 2.70x | $1.38 Billion |
| Alaska Air Group Inc (ALK) | $2.03 Billion | 25.04% | 1.88x | $4.42 Billion |
| Copa Holdings SA (CPA) | $1.90 Billion | 22.48% | 1.08x | $3.51 Billion |
| Delta Air Lines Inc (DAL) | $-1.40 Billion | 0.00% | 0.00x | $37.84 Billion |
| flyExclusive, Inc. (FLYX) | $47.42 Million | 12.75% | 9.42x | $44.56 Million |
| flyExclusive, Inc. (FLYX) | $-84.27 Million | 0.00% | 0.00x | $96.93 Million |
| Gol Linhas Aéreas Inteligentes S.A (GOLLQ) | $-1.16 Billion | 0.00% | 0.00x | $33.88 Million |
| JetBlue Airways Corp (JBLU) | $4.80 Billion | 11.86% | 1.48x | $1.77 Billion |
About Sun Country Airlines Holdings Inc
Sun Country Airlines Holdings, Inc., an air carrier company, operates scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally. It operates through two segments, Passenger and Cargo. The company also provides aircraft, crew, maintenance, and insurance services through ad hoc, repeat, short-term, and long-term service… Read more