United Airlines Holdings Inc (UAL)
Financial leverage ratio
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 76,448,000 | 76,313,000 | 77,163,000 | 76,111,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 15,282,000 | 14,309,000 | 13,374,000 | 12,616,000 | 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 |
| Financial leverage ratio | 5.00 | 5.33 | 5.77 | 6.03 | 5.84 | 6.35 | 6.96 | 7.83 | 7.63 | 8.26 | 9.52 | 10.56 | 9.77 | 14.08 | 17.76 | 19.05 | 13.56 | 12.76 | 14.49 | 11.84 |
December 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $76,448,000K ÷ $15,282,000K
= 5.00
Peer comparison
Dec 31, 2025
Company name
Symbol
Financial leverage ratio
United Airlines Holdings Inc
UAL
5.00
Alaska Air Group Inc
ALK
—
American Airlines Group
AAL
—
Delta Air Lines Inc
DAL
3.91
JetBlue Airways Corp
JBLU
7.31
SkyWest Inc
SKYW
2.69
Southwest Airlines Company
LUV
3.64
See also:
United Airlines Holdings Inc Financial Leverage (Quarterly Data)