Delta Air Lines Inc (DAL)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 64,532,000 | 63,219,000 | 62,518,000 |
| 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 |
| Financial leverage ratio | 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 | 4.20 | 4.20 | 4.48 |
March 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $74,969,000K ÷ $11,151,000K
= 6.72
The financial leverage ratio of Delta Air Lines Inc has shown significant fluctuations over the past few quarters. The ratio stood at 6.72 as of March 31, 2024, reflecting a moderate level of leverage. However, this ratio has been volatile, with peaks reaching as high as 151.62 in March 2021, indicating a substantial increase in leverage at that time.
The trend in the financial leverage ratio suggests that Delta Air Lines Inc has undergone varying levels of debt utilization in recent periods. The ratio decreased from its peak in March 2021 to 6.63 in December 2023, before rising to 7.94 in September 2023. This increase in leverage was followed by a decline to 6.63 by December 2023.
Overall, the financial leverage ratio for Delta Air Lines Inc reflects a dynamic capital structure that has experienced fluctuations in debt levels over the periods analyzed. Monitoring this ratio is crucial for assessing the company's ability to meet its financial obligations and manage its debt effectively.
Peer comparison
Mar 31, 2024