Southwest Airlines Company (LUV)

Debt-to-capital ratio

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 Mar 31, 2019
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 10,515,000 11,054,000 10,789,000 10,302,000 10,687,000 10,924,000 11,120,000 10,417,000 10,414,000 10,250,000 9,688,000 9,093,000 8,876,000 9,769,000 10,878,000 9,075,000 9,832,000 9,931,000 9,940,000 9,791,000
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $10,515,000K)
= 0.00

The debt-to-capital ratio of Southwest Airlines Co has shown relatively stable levels over the past eight quarters, ranging between 0.42 and 0.51. This ratio indicates the proportion of the company's capital structure that is financed by debt. With ratios hovering around 0.43 to 0.44 in the most recent periods, Southwest Airlines Co appears to maintain a balanced mix of debt and equity in its capital structure. It is worth noting that the ratio increased slightly in the last two quarters compared to the earlier quarters, which could signify a slight increase in the company's reliance on debt financing. Overall, Southwest Airlines Co's debt-to-capital ratio suggests a moderate level of leverage in its financial structure.


Peer comparison

Dec 31, 2023