United Airlines Holdings Inc (UAL)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	12,675,000	11,437,000	10,526,000	9,188,000	9,324,000	8,853,000	7,705,000	6,668,000	6,896,000	4,898,000	3,964,000	3,624,000	5,029,000	5,431,000	4,904,000	5,206,000	5,960,000	7,003,000	8,517,000	9,418,000
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, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $12,675,000K)
= 0.00

The debt-to-capital ratio of United Airlines Holdings Inc has consistently remained at 0.00 from March 2020 to December 2024. This indicates that the company has not utilized debt as a significant part of its capital structure. A debt-to-capital ratio of 0.00 suggests that the company's capital is predominantly financed by equity, signaling a lower financial risk and potential for lower interest expenses. However, it's important to note that a very low debt-to-capital ratio may also imply missed opportunities for leveraging debt to potentially enhance returns. In the case of United Airlines Holdings Inc, further analysis of its overall financial health and capital structure could provide a more comprehensive understanding of its financial position and strategies.