Delta Air Lines Inc (DAL)
Debt-to-capital ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 13,546,000 | 13,881,000 | 14,084,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 15,293,000 | 13,646,000 | 12,386,000 | 11,151,000 | 11,105,000 | 9,226,000 | 8,100,000 | 6,260,000 | 6,582,000 | 4,590,000 | 3,811,000 | 2,991,000 | 3,887,000 | 2,606,000 | 1,281,000 | 482,000 | 1,534,000 | 3,357,000 | 8,690,000 | 14,309,000 |
| Debt-to-capital ratio | 0.47 | 0.50 | 0.53 | 0.58 | 0.59 | 0.64 | 0.68 | 0.75 | 0.75 | 0.81 | 0.85 | 0.88 | 0.86 | 0.90 | 0.95 | 0.98 | 0.95 | 0.90 | 0.68 | 0.45 |
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 shown a declining trend from March 2020 to December 2024. The ratio decreased from 0.45 in March 2020 to 0.47 in December 2024. This indicates that the company has been reducing its reliance on debt financing in relation to its total capital over this period. The trend suggests that Delta Air Lines Inc has been managing its debt levels effectively, which may be viewed positively by investors and creditors as it indicates improved financial stability and risk management.
Peer comparison
Dec 31, 2024