Southwest Airlines Company (LUV)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 33,750,000 | 36,487,000 | 35,369,000 | 36,320,000 | 34,588,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $33,750,000K
= 0.00
The debt-to-assets ratio of Southwest Airlines Company has consistently been reported as 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt financing to fund its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely financed by equity, which can be viewed positively by investors and creditors as it signifies lower financial risk and potential financial stability. However, it is important to consider other financial metrics and factors to have a comprehensive understanding of Southwest Airlines Company's overall financial health and performance.
Peer comparison
Dec 31, 2024