American Airlines Group (AAL)

Debt-to-equity ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	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	23,645,000	24,559,000	22,621,000	22,075,000
Total stockholders’ equity	US$ in thousands	-5,202,000	-5,136,000	-4,385,000	-5,771,000	-5,799,000	-7,893,000	-8,422,000	-8,940,000	-7,340,000	-7,437,000	-7,667,000	-7,945,000	-6,867,000	-5,528,000	-3,169,000	-2,636,000	-118,000	160,000	-22,000	-636,000
Debt-to-equity ratio		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	153.49	—	—

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,700,000K ÷ $-5,202,000K
= —

As the debt-to-equity ratio data is missing for all quarters provided, it is not possible to conduct a detailed analysis of American Airlines Group Inc's financial leverage position over this timeframe. Without this key ratio, which compares the company's total debt to its shareholders' equity, we are unable to assess the extent to which American Airlines is relying on debt financing versus equity financing to support its operations and growth. It is essential for stakeholders and investors to monitor this ratio to evaluate the company's financial risk and stability.