Delta Air Lines Inc (DAL)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 75,372,000 | 73,644,000 | 72,288,000 | 72,459,000 | 71,996,000 |
| Total stockholders’ equity | US$ in thousands | 15,293,000 | 11,105,000 | 6,582,000 | 3,887,000 | 1,534,000 |
| Financial leverage ratio | 4.93 | 6.63 | 10.98 | 18.64 | 46.93 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $75,372,000K ÷ $15,293,000K
= 4.93
Delta Air Lines Inc's financial leverage ratio has shown a decreasing trend over the years, indicating an improvement in its financial health and solvency. The ratio decreased from 46.93 in December 31, 2020, to 18.64 in December 31, 2021, further decreasing to 10.98 in December 31, 2022, and continuing to decline to 6.63 in December 31, 2023. By December 31, 2024, the ratio stood at 4.93.
This progressive decline in the financial leverage ratio suggests that Delta Air Lines Inc has been reducing its reliance on debt to finance its operations and investments. A lower financial leverage ratio signifies a lower proportion of debt in the company's capital structure compared to equity, indicating a lower financial risk and potential for default.
Overall, the trend in Delta Air Lines Inc's financial leverage ratio indicates a positive move towards a more stable and sustainable financial position, as the company gradually decreases its leverage and enhances its financial flexibility.
Peer comparison
Dec 31, 2024