Delta Air Lines Inc (DAL)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 75,372,000 | 75,368,000 | 75,197,000 | 74,969,000 | 73,644,000 | 73,247,000 | 73,497,000 | 73,134,000 | 72,288,000 | 72,596,000 | 74,805,000 | 73,748,000 | 72,459,000 | 72,783,000 | 75,309,000 | 73,083,000 | 71,996,000 | 79,076,000 | 72,261,000 | 68,738,000 |
| 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 |
| Financial leverage ratio | 4.93 | 5.52 | 6.07 | 6.72 | 6.63 | 7.94 | 9.07 | 11.68 | 10.98 | 15.82 | 19.63 | 24.66 | 18.64 | 27.93 | 58.79 | 151.62 | 46.93 | 23.56 | 8.32 | 4.80 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $75,372,000K ÷ $15,293,000K
= 4.93
The financial leverage ratio of Delta Air Lines Inc experienced significant fluctuations over the analyzed period. It spiked from 4.80 as of March 31, 2020, to a high of 151.62 as of March 31, 2021, indicating a substantial increase in leverage. This surge in leverage could imply that the company relied heavily on debt financing during this period.
Subsequently, the financial leverage ratio decreased gradually, reaching 4.93 as of December 31, 2024. This downward trend suggests that Delta Air Lines Inc may have taken steps to reduce its debt burden and improve its financial health.
Overall, the financial leverage ratio of Delta Air Lines Inc demonstrates a notable variation, reflecting changes in the company's capital structure and the effectiveness of its debt management strategies over the analyzed period. Investopedia suggests that a high financial leverage ratio may indicate a high level of financial risk, while a low ratio may point to a conservative capital structure.
Peer comparison
Dec 31, 2024