American Airlines Group (AAL)

Debt-to-equity ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	29,813,000	3,700,000	34,903,000	37,323,000	32,021,000
Total stockholders’ equity	US$ in thousands	-3,977,000	-5,202,000	-5,799,000	-7,340,000	-6,867,000
Debt-to-equity ratio		—	—	—	—	—

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $29,813,000K ÷ $-3,977,000K
= —

Based on the provided data, the debt-to-equity ratio of American Airlines Group is not available for the years 2020, 2021, 2022, 2023, and 2024. This lack of specific information on the debt-to-equity ratio limits the ability to assess the company's capital structure and financial leverage during these years. It is important for stakeholders to have access to this ratio to evaluate the company's reliance on debt financing relative to its equity. The absence of this data hinders a thorough analysis of American Airlines Group's financial leverage position over the specified years.