United Airlines Holdings Inc (UAL)

Debt-to-assets ratio

		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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	74,083,000	72,640,000	73,254,000	71,902,000	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
Debt-to-assets 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, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $74,083,000K
= 0.00

The debt-to-assets ratio for United Airlines Holdings Inc has consistently remained at 0.00 across all reported quarters from March 31, 2020, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has no debt in relation to its total assets during these periods. This may suggest that United Airlines has been operating with a low leverage position, implying minimal financial risk associated with debt obligations.

From an analysis standpoint, a low debt-to-assets ratio is generally considered positive as it indicates a lower level of financial risk and a stronger financial position for the company. It suggests that United Airlines has not heavily relied on debt financing to fund its operations, expansion, or other financial activities during this time frame.

However, it is important to note that a debt-to-assets ratio of 0.00 could also raise questions about the company's optimal capital structure and the potential impact on its overall financial performance. It may be beneficial for United Airlines to periodically reassess its capital structure and consider whether some degree of debt financing could be beneficial for future growth opportunities while maintaining prudent financial management practices.