Delta Air Lines Inc (DAL)
Debt-to-equity 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-equity ratio | 0.89 | 1.44 | 2.94 | 6.07 | 17.30 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $13,546,000K ÷ $15,293,000K
= 0.89
The debt-to-equity ratio of Delta Air Lines Inc has shown a significant decrease over the past five years, reflecting a positive trend in the company's capital structure. As of December 31, 2020, the ratio stood at 17.30, indicating a relatively high level of debt in comparison to equity. However, by December 31, 2024, the ratio has decreased to 0.89, signifying a substantial improvement in the company's financial leverage. This downward trend suggests that Delta Air Lines Inc has been reducing its reliance on debt financing and strengthening its equity position, which may enhance its financial stability and creditworthiness in the long run.
Peer comparison
Dec 31, 2024