Delta Air Lines Balance Sheet Health
Financial Health criteria checks 2/6
Delta Air Lines has a total shareholder equity of $12.4B and total debt of $17.9B, which brings its debt-to-equity ratio to 144.4%. Its total assets and total liabilities are $75.2B and $62.8B respectively. Delta Air Lines's EBIT is $6.0B making its interest coverage ratio 7.5. It has cash and short-term investments of $4.2B.
Key information
144.4%
Debt to equity ratio
US$17.88b
Debt
| Interest coverage ratio | 7.5x |
| Cash | US$4.23b |
| Equity | US$12.39b |
| Total liabilities | US$62.81b |
| Total assets | US$75.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DAL's short term assets ($11.6B) do not cover its short term liabilities ($28.8B).
Long Term Liabilities: DAL's short term assets ($11.6B) do not cover its long term liabilities ($34.1B).
Debt to Equity History and Analysis
Debt Level: DAL's net debt to equity ratio (110.2%) is considered high.
Reducing Debt: DAL's debt to equity ratio has increased from 74.3% to 144.4% over the past 5 years.
Debt Coverage: DAL's debt is well covered by operating cash flow (36.2%).
Interest Coverage: DAL's interest payments on its debt are well covered by EBIT (7.5x coverage).