Delta Air Lines Inc (DAL)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 13,546,000 | 15,985,000 | 19,326,000 | 23,582,000 | 26,531,000 |
| Total assets | US$ in thousands | 75,372,000 | 73,644,000 | 72,288,000 | 72,459,000 | 71,996,000 |
| Debt-to-assets ratio | 0.18 | 0.22 | 0.27 | 0.33 | 0.37 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $13,546,000K ÷ $75,372,000K
= 0.18
The debt-to-assets ratio of Delta Air Lines Inc has been gradually decreasing over the past five years, reflecting the company's improved debt management and potentially stronger financial position. As of December 31, 2020, the ratio stood at 0.37, indicating that 37% of the company's assets were financed by debt. By December 31, 2024, the ratio had dropped to 0.18, suggesting that only 18% of the assets were funded by debt at that point. This downward trend signifies that Delta Air Lines has been reducing its reliance on debt to finance its operations and investments, which could lead to lower financial risk and improved liquidity in the long term.
Peer comparison
Dec 31, 2024