American Airlines Group (AAL)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	-3,977,000	-4,854,000	-4,746,000	-5,500,000	-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
Debt-to-equity ratio		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2024 calculation

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

The debt-to-equity ratio for American Airlines Group is not provided in the financial data for any of the reported periods from March 31, 2020, to December 31, 2024. This lack of information makes it difficult to assess the company's capital structure in terms of its debt and equity financing. The debt-to-equity ratio is a key financial metric that indicates the proportion of a company's financing that comes from debt relative to equity. Without this ratio, it is challenging to evaluate the level of financial leverage the company is employing and the associated risks. Investors and analysts often use this ratio to gauge a company's financial health and stability, so the absence of this information may inhibit a comprehensive analysis of American Airlines Group's financial position.