United Airlines Holdings Inc (UAL)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 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 | 9.99 | 8.74 | 6.45 | 5.63 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $74,083,000K ÷ $12,675,000K
= 5.84
United Airlines Holdings Inc's financial leverage ratio has fluctuated over the past few years, indicating changes in the company's debt structure and financial risk. The ratio increased from 5.63 as of March 31, 2020, to a peak of 19.05 as of March 31, 2022, suggesting a significant increase in leverage during this period.
Subsequently, the financial leverage ratio started declining, reaching 5.84 as of December 31, 2024. This downward trend indicates a potential deleveraging strategy or a reduction in the company's reliance on debt financing.
Overall, the trend in United Airlines Holdings Inc's financial leverage ratio shows periods of increasing leverage followed by a gradual decrease, which may reflect the company's efforts to manage its debt levels and improve its financial stability. However, it's important to investigate the factors behind these fluctuations to better understand the company's financial health and strategic decisions.
Peer comparison
Dec 31, 2024
See also:
United Airlines Holdings Inc Financial Leverage (Quarterly Data)