Delta Air Lines Inc (DAL)
Debt-to-equity 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-equity ratio | 1.40 | 1.44 | 1.77 | 2.08 | 2.95 | 2.94 | 4.31 | 5.63 | 7.67 | 6.07 | 9.24 | 19.71 | 51.46 | 17.30 | 8.61 | 2.13 | 0.82 | 0.52 | 0.47 | 0.52 |
March 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $15,576,000K ÷ $11,151,000K
= 1.40
The debt-to-equity ratio of Delta Air Lines Inc has shown a fluctuating trend over the past few quarters. The ratio has been on an upward trajectory since the end of 2020, with a significant increase from 0.47 in September 2021 to 51.46 in March 2021. However, there was a notable decrease in the ratio in the subsequent quarters, dropping to 1.40 at the end of March 2024.
This substantial decrease in the debt-to-equity ratio indicates a reduction in the company's reliance on debt financing relative to equity. A lower ratio generally suggests a healthier financial structure and lower financial risk for the company. Delta Air Lines Inc has successfully managed to bring down its debt levels and improve its equity position over the recent quarters, potentially enhancing its financial stability.
It is essential for investors and stakeholders to keep track of Delta Air Lines Inc's debt-to-equity ratio to assess its financial leverage and risk profile. Overall, a declining trend in the ratio reflects positively on the company's financial health and management's efforts to maintain a balanced capital structure.
Peer comparison
Mar 31, 2024