United Airlines Holdings Inc (UAL)

Debt-to-assets 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	25,057,000	25,932,000	26,713,000	27,460,000	28,283,000	28,490,000	29,175,000	29,665,000	30,361,000	31,520,000	32,303,000	25,849,000	24,836,000	22,297,000	14,318,000	13,198,000	13,145,000	12,900,000	12,938,000	12,734,000
Total assets	US$ in thousands	71,104,000	73,153,000	73,341,000	70,417,000	67,358,000	68,968,000	70,381,000	69,038,000	68,175,000	69,294,000	71,049,000	61,662,000	59,548,000	61,189,000	54,901,000	53,055,000	52,611,000	52,199,000	52,150,000	50,639,000
Debt-to-assets ratio		0.35	0.35	0.36	0.39	0.42	0.41	0.41	0.43	0.45	0.45	0.45	0.42	0.42	0.36	0.26	0.25	0.25	0.25	0.25	0.25

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $25,057,000K ÷ $71,104,000K
= 0.35

United Airlines Holdings Inc's debt-to-assets ratio has shown a gradual decline from Q1 2022 to Q4 2023, indicating an improvement in the company's financial leverage and risk profile. The ratio decreased from 0.48 in Q1 2022 to 0.41 in Q4 2023. This trend suggests that the company has been able to reduce its reliance on debt in relation to its total assets over the analyzed period.

The decreasing trend in the debt-to-assets ratio implies that United Airlines Holdings Inc has been either paying down its debt, increasing its asset base, or a combination of both, which could positively impact the company's financial stability and creditworthiness. A lower debt-to-assets ratio generally indicates a healthier financial position, as it shows the company has less debt in proportion to its assets.

Although the ratio fluctuated slightly throughout the quarters, the overall downward trend is a favorable sign for United Airlines Holdings Inc's financial health. It suggests that the company is managing its debt levels effectively and is becoming less leveraged over time. Investors, creditors, and other stakeholders may view this trend positively, as it indicates a more sustainable and stable financial structure for the company.