Delta Air Lines Inc (DAL)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 15,293,000 | 11,105,000 | 6,582,000 | 3,887,000 | 1,534,000 |
| Debt-to-capital ratio | 0.47 | 0.59 | 0.75 | 0.86 | 0.95 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $13,546,000K ÷ ($13,546,000K + $15,293,000K)
= 0.47
The debt-to-capital ratio of Delta Air Lines Inc has exhibited a decreasing trend over the past five years. Starting at 0.95 in December 2020, it decreased to 0.86 by December 2021, further reducing to 0.75 by December 2022. Subsequently, the ratio dropped to 0.59 by December 2023 and continued to decline to 0.47 by December 2024. This declining pattern indicates that Delta Air Lines Inc has been gradually reducing its reliance on debt to finance its operations and investments relative to its total capital structure over the specified period.
Peer comparison
Dec 31, 2024