Delta Air Lines Inc (DAL)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 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 | 15,358,000 | 15,068,000 | 13,958,000 |
| Debt-to-capital ratio | 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 | 0.34 | 0.32 | 0.34 |
March 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $15,576,000K ÷ ($15,576,000K + $11,151,000K)
= 0.58
The debt-to-capital ratio of Delta Air Lines Inc has shown fluctuations over the past few quarters, ranging from 0.32 to 0.98. The ratio compares the total debt of the company to its total capital (debt + equity), indicating the proportion of funding that comes from debt.
The trend of the debt-to-capital ratio for Delta Air Lines Inc has been increasing overall, with a notable spike from 0.68 in Jun 30, 2020 to 0.98 in Mar 31, 2021, suggesting a higher reliance on debt financing during that period. However, the ratio has since decreased to 0.58 as of Mar 31, 2024, indicating a reduction in debt relative to capital.
A higher debt-to-capital ratio could signify higher financial risk and leverage, while a lower ratio may indicate a stronger financial position with more equity funding. It is important for investors and stakeholders to monitor this ratio over time to assess the company's financial health and its ability to meet its debt obligations.
Peer comparison
Mar 31, 2024