American Airlines Group (AAL)

Financial leverage ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total assets	US$ in thousands	63,058,000	64,716,000	66,467,000	62,008,000	59,995,000
Total stockholders’ equity	US$ in thousands	-5,202,000	-5,799,000	-7,340,000	-6,867,000	-118,000
Financial leverage ratio		—	—	—	—	—

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $63,058,000K ÷ $-5,202,000K
= —

The financial leverage ratio for American Airlines Group Inc is not provided in the table. The financial leverage ratio is a measure of the company's use of debt to finance its operations. It indicates the proportion of a company's assets that are financed by debt compared to equity. A higher financial leverage ratio typically indicates higher financial risk due to increased reliance on debt financing. It would be valuable to calculate and track this ratio over time to assess the company's changing capital structure and risk profile.