Delta Air Lines Inc (DAL)

Debt-to-assets ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Long-term debt	US$ in thousands	15,576,000	15,985,000	16,347,000	16,870,000	18,490,000	19,326,000	19,800,000	21,444,000	22,939,000	23,582,000	24,077,000	25,246,000	24,802,000	26,531,000	28,910,000	18,539,000	11,750,000	8,052,000	7,072,000	7,209,000
Total assets	US$ in thousands	74,969,000	73,644,000	73,247,000	73,497,000	73,134,000	72,288,000	72,596,000	74,805,000	73,748,000	72,459,000	72,783,000	75,309,000	73,083,000	71,996,000	79,076,000	72,261,000	68,738,000	64,532,000	63,219,000	62,518,000
Debt-to-assets ratio		0.21	0.22	0.22	0.23	0.25	0.27	0.27	0.29	0.31	0.33	0.33	0.34	0.34	0.37	0.37	0.26	0.17	0.12	0.11	0.12

March 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $15,576,000K ÷ $74,969,000K
= 0.21

Delta Air Lines Inc's debt-to-assets ratio has fluctuated over the past few quarters, ranging from 0.11 to 0.37. The trend shows an increase in the ratio from 0.11 in June 2019 to 0.37 in December 2020 before a slight decline.

The ratio indicates that, on average, Delta Air Lines Inc finances around 21% to 37% of its assets through debt. Higher ratios suggest a greater reliance on debt to finance operations and investments.

It is important to note that a high debt-to-assets ratio can indicate financial risk and potential solvency issues, while a low ratio may suggest strong financial health and lower risk. It is advisable for stakeholders to monitor this ratio over time to assess Delta Air Lines Inc's financial leverage and risk management.