United Airlines Holdings Inc (UAL)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Debt-to-capital ratio | 0.73 | 0.75 | 0.78 | 0.80 | 0.80 | 0.85 | 0.88 | 0.89 | 0.86 | 0.85 | 0.87 | 0.83 | 0.81 | 0.76 | 0.63 | 0.58 | 0.53 | 0.53 | 0.56 | 0.57 |
| Debt-to-equity ratio | 2.69 | 2.93 | 3.47 | 4.12 | 4.10 | 5.82 | 7.36 | 8.19 | 6.04 | 5.80 | 6.59 | 4.97 | 4.17 | 3.18 | 1.68 | 1.40 | 1.14 | 1.14 | 1.25 | 1.30 |
| Financial leverage ratio | 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 | 4.56 | 4.62 | 5.05 | 5.17 |
The solvency ratios of United Airlines Holdings Inc indicate its ability to meet its long-term financial obligations and the extent of its leverage.
The Debt-to-assets ratio has been relatively stable over the periods, ranging from 0.41 to 0.48. This indicates that around 41% to 48% of the company's assets are financed by debt.
The Debt-to-capital ratio has also shown consistency, hovering between 0.76 and 0.90. This ratio signifies that debt represents approximately 76% to 90% of the company's total capital structure.
The Debt-to-equity ratio has displayed a more significant fluctuation, ranging from 3.15 to 9.09. The increasing trend over the periods indicates a higher reliance on debt financing relative to equity, with debt representing 3.15 to 9.09 times the value of equity.
The Financial leverage ratio has exhibited volatility, varying from 7.63 to 19.05. This ratio reflects the extent to which the company's assets are funded by debt, with higher values indicating higher financial risk due to increased leverage.
Overall, United Airlines Holdings Inc's solvency ratios suggest a mix of debt and equity financing in its capital structure, with a varying degree of leverage across the periods. It is essential for investors and stakeholders to monitor these ratios to assess the company's long-term financial health and risk exposure.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 2.35 | 2.54 | 2.41 | 2.12 | 1.39 | 0.33 | 0.08 | -0.61 | -0.64 | -1.81 | -3.81 | -5.67 | -6.31 | -4.11 | -0.31 | 4.29 | 6.16 | 5.88 | 5.60 | 5.07 |
United Airlines' interest coverage ratio has shown a positive trend over the past eight quarters, indicating a strengthening ability to cover its interest expenses. The ratio has increased steadily from negative territory in Q1 2022 to 5.45 in Q4 2023, reflecting the company's improved ability to meet its interest obligations with operating income. This upward trend suggests a positive financial performance and reduced financial risk for United Airlines Holdings Inc over the analyzed period.
See also:
United Airlines Holdings Inc Solvency Ratios (Quarterly Data)