United Airlines Holdings Balance Sheet Health
Financial Health criteria checks 3/6
United Airlines Holdings has a total shareholder equity of $13.4B and total debt of $27.1B, which brings its debt-to-equity ratio to 202.5%. Its total assets and total liabilities are $77.2B and $63.8B respectively. United Airlines Holdings's EBIT is $5.5B making its interest coverage ratio 9.7. It has cash and short-term investments of $15.6B.
Key information
202.49%
Debt to equity ratio
US$27.08b
Debt
| Interest coverage ratio | 9.7x |
| Cash | US$15.62b |
| Equity | US$13.37b |
| Total liabilities | US$63.79b |
| Total assets | US$77.16b |
Recent financial health updates
Is United Airlines Holdings (NASDAQ:UAL) A Risky Investment?
Jul 08
Is United Airlines Holdings (NASDAQ:UAL) Using Too Much Debt?
Oct 02Recent updates
United Airlines Has Reached Cruise Altitude
Aug 17Is United Airlines Holdings (NASDAQ:UAL) A Risky Investment?
Jul 08Should You Investigate United Airlines Holdings, Inc. (NASDAQ:UAL) At US$74.65?
May 25United Airlines Holdings, Inc. (NASDAQ:UAL) Stock Catapults 26% Though Its Price And Business Still Lag The Market
May 14Calculating The Intrinsic Value Of United Airlines Holdings, Inc. (NASDAQ:UAL)
May 05United Airlines: Irrational Turbulence
Mar 31United Airlines Faces A Tough Future
Feb 23United Airlines Holdings' (NASDAQ:UAL) Returns Have Hit A Wall
Feb 03United Airlines: A Strong Buy Ahead Of Q4 Earnings
Jan 13United Airlines: Why I Sold My Shares (Rating Downgrade)
Jan 03Should You Investigate United Airlines Holdings, Inc. (NASDAQ:UAL) At US$94.99?
Dec 18United Airlines Holdings, Inc.'s (NASDAQ:UAL) Shares Leap 28% Yet They're Still Not Telling The Full Story
Dec 05United Airlines: Solid Results, Strong Outlook, Undervalued Stock
Nov 30United Airlines: Revenue And Margin Expansion Will Bring The Company To New Highs
Nov 14Some Investors May Be Worried About United Airlines Holdings' (NASDAQ:UAL) Returns On Capital
Oct 30United Airlines Stock Soars To 52-Week High On Bullish Future
Oct 21United Airlines Holdings, Inc.'s (NASDAQ:UAL) Price Is Right But Growth Is Lacking After Shares Rocket 27%
Oct 15A Look At The Fair Value Of United Airlines Holdings, Inc. (NASDAQ:UAL)
Oct 13United Airlines: A Hold After Recent Take-Off
Oct 07Is United Airlines Holdings (NASDAQ:UAL) Using Too Much Debt?
Oct 02United Airlines: Lifted By Falling Oil
Sep 06
Aggressive Cost Management And Decisive Expansions Set To Propel Airline's Margins And Growth
Aggressive cost management and domestic capacity reduction are set to improve net margins by aligning supply with demand.United Airlines Keeps Building A Better Business (Rating Upgrade)
Aug 11United Airlines Disappoints With Outlook, Demand Concerns Surge
Jul 18United Airlines: About To Shock The Market
Jun 27United Airlines: Set To Fly Higher Despite Challenges
Jun 17United Airlines Stock Soars Despite Boeing Crisis Impact
Apr 17United Airlines: Buy The Dip Now And Fly First Class Later
Apr 11United Airlines' Growth To Be Throttled Back (Rating Downgrade)
Mar 11United Airlines: Big Path Forward
Feb 29United Airlines: Be Greedy When Others Are Fearful
Jan 24Financial Position Analysis
Short Term Liabilities: UAL's short term assets ($20.3B) do not cover its short term liabilities ($29.0B).
Long Term Liabilities: UAL's short term assets ($20.3B) do not cover its long term liabilities ($34.8B).
Debt to Equity History and Analysis
Debt Level: UAL's net debt to equity ratio (85.7%) is considered high.
Reducing Debt: UAL's debt to equity ratio has reduced from 220.4% to 202.5% over the past 5 years.
Debt Coverage: UAL's debt is well covered by operating cash flow (35.6%).
Interest Coverage: UAL's interest payments on its debt are well covered by EBIT (9.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/09/26 21:48 |
| End of Day Share Price | 2025/09/26 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
United Airlines Holdings, Inc. is covered by 47 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Staszak | Argus Research Company |
| Lindsay Bettiol | Atlantic Equities LLP |
| Fred Lowrance | Avondale Partners |