American Airlines Group (AAL)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 29,813,000 | 31,110,000 | 31,191,000 | 31,827,000 | 3,700,000 | 3,700,000 | 34,057,000 | 34,459,000 | 34,903,000 | 36,158,000 | 36,354,000 | 37,093,000 | 37,323,000 | 31,911,000 | 39,421,000 | 39,124,000 | 32,021,000 | 32,203,000 | 27,307,000 | 23,181,000 |
| Total assets | US$ in thousands | 61,783,000 | 63,528,000 | 64,125,000 | 64,384,000 | 63,058,000 | 65,711,000 | 67,260,000 | 66,786,000 | 64,716,000 | 66,652,000 | 67,963,000 | 67,401,000 | 66,467,000 | 68,437,000 | 72,464,000 | 68,649,000 | 62,008,000 | 62,773,000 | 64,544,000 | 58,580,000 |
| Debt-to-assets ratio | 0.48 | 0.49 | 0.49 | 0.49 | 0.06 | 0.06 | 0.51 | 0.52 | 0.54 | 0.54 | 0.53 | 0.55 | 0.56 | 0.47 | 0.54 | 0.57 | 0.52 | 0.51 | 0.42 | 0.40 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $29,813,000K ÷ $61,783,000K
= 0.48
The debt-to-assets ratio of American Airlines Group has shown fluctuations over the past few years, ranging from a low of 0.06 to a high of 0.57. The ratio indicates the proportion of the company's assets financed by debt, with a higher ratio suggesting a larger reliance on debt financing.
Between March 31, 2020, and March 31, 2021, the ratio increased steadily from 0.40 to 0.57, indicative of a rising level of debt relative to the total assets of the company. Subsequently, there was some fluctuation in the ratio, with values hovering between 0.47 and 0.56.
The ratio decreased significantly in the last two quarters of 2023 to an unusually low level of 0.06, which may be attributed to changes in the company's debt levels or asset revaluations during that period. However, the ratio started to gradually increase again in 2024, reaching 0.48 by December 31, 2024.
Overall, the trend in the debt-to-assets ratio of American Airlines Group reflects fluctuations in the company's debt management and asset utilization over the analyzed period. It is important for investors and stakeholders to monitor this ratio to assess the company's financial leverage and risk exposure.
Peer comparison
Dec 31, 2024