American Airlines Group (AAL)

Financial leverage ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total assets	US$ in thousands	61,783,000	63,058,000	64,716,000	66,467,000	62,008,000
Total stockholders’ equity	US$ in thousands	-3,977,000	-5,202,000	-5,799,000	-7,340,000	-6,867,000
Financial leverage ratio		—	—	—	—	—

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $61,783,000K ÷ $-3,977,000K
= —

Based on the provided data, it appears that American Airlines Group does not have specific financial leverage ratio values available for the years ending December 31, 2020 to December 31, 2024. This could indicate that either the company does not disclose this ratio publicly or it is not calculated based on the information provided in the financial statements.

The financial leverage ratio is a metric that helps assess the extent to which a company relies on debt financing relative to its equity. Typically, a higher financial leverage ratio indicates a higher level of debt relative to equity, which can increase financial risk but also potentially enhance returns for shareholders.

Without the specific ratios for American Airlines Group, it is challenging to evaluate the company's level of financial leverage and its implications for the business. It is important for investors and analysts to have access to this ratio to better understand the company's capital structure and risk profile.