Delta Air Lines Inc (DAL)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.18 | 0.18 | 0.19 | 0.21 | 0.22 | 0.22 | 0.23 | 0.25 | 0.27 | 0.27 | 0.29 | 0.31 | 0.33 | 0.33 | 0.34 | 0.34 | 0.37 | 0.37 | 0.26 | 0.17 |
| Debt-to-capital ratio | 0.47 | 0.50 | 0.53 | 0.58 | 0.59 | 0.64 | 0.68 | 0.75 | 0.75 | 0.81 | 0.85 | 0.88 | 0.86 | 0.90 | 0.95 | 0.98 | 0.95 | 0.90 | 0.68 | 0.45 |
| Debt-to-equity ratio | 0.89 | 1.02 | 1.14 | 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 |
| 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 |
Delta Air Lines Inc's solvency ratios indicate its ability to meet its long-term financial obligations.
1. Debt-to-assets ratio: This ratio shows the proportion of the company's assets financed by debt. Over the analyzed period, the ratio decreased from 0.17 in March 2020 to 0.18 in December 2024, suggesting relatively stable asset coverage by debt.
2. Debt-to-capital ratio: This ratio indicates the percentage of the company's capitalization that comes from debt. Delta Air Lines' ratio fluctuated from 0.45 in March 2020 to 0.47 in December 2024, displaying some variability but generally trending downwards, potentially indicating reduced reliance on debt financing.
3. Debt-to-equity ratio: This ratio reflects the extent to which the company is using debt to finance its operations compared to equity. Delta Air Lines' ratio exhibited significant fluctuations, reaching as high as 51.46 in March 2021 but declining to 0.89 by December 2024, implying a shift towards a more balanced capital structure.
4. Financial leverage ratio: This ratio measures the company's financial risk by comparing its total assets to its equity. The financial leverage ratio for Delta Air Lines reduced from 4.80 in March 2020 to 4.93 in December 2024, indicating a decreasing trend in financial leverage and potential improvement in financial risk management.
Overall, Delta Air Lines Inc shows a mixed performance in terms of solvency ratios over the analyzed period, with some ratios improving while others showing fluctuations. Continual monitoring and management of these ratios are crucial for assessing the company's long-term financial health and sustainability.
Coverage ratios
| 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 | |
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| Interest coverage | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Interest coverage ratio is used to evaluate a company's ability to meet its interest obligations on outstanding debt. A higher interest coverage ratio indicates a company's better ability to cover its interest expenses.
Based on the provided data, there is no specific information available for Delta Air Lines Inc's interest coverage ratio for the periods from March 31, 2020, to December 31, 2024. This lack of data may be due to the unavailability of specific financial figures related to interest expenses and earnings before interest and taxes (EBIT).
However, a consistent and healthy interest coverage ratio is crucial for a company like Delta Air Lines, which operates in a capital-intensive industry with significant debt obligations. Potential investors and creditors typically look for a comfortable interest coverage ratio to ensure that the company can manage its debt burden effectively.
In the absence of specific figures, it is essential for Delta Air Lines Inc to maintain a robust interest coverage ratio to demonstrate its financial stability and ability to meet its interest payment obligations comfortably over time. Regular monitoring and improvement of this ratio can help ensure the company's long-term financial health and sustainability in the airline industry.