Delta Air Lines Balance Sheet Health
Financial Health criteria checks 2/6
Delta Air Lines has a total shareholder equity of $13.6B and total debt of $17.7B, which brings its debt-to-equity ratio to 129.6%. Its total assets and total liabilities are $75.4B and $61.7B respectively. Delta Air Lines's EBIT is $6.3B making its interest coverage ratio 8.1. It has cash and short-term investments of $4.0B.
Key information
129.6%
Debt to equity ratio
US$17.68b
Debt
| Interest coverage ratio | 8.1x |
| Cash | US$3.98b |
| Equity | US$13.65b |
| Total liabilities | US$61.72b |
| Total assets | US$75.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DAL's short term assets ($11.1B) do not cover its short term liabilities ($28.1B).
Long Term Liabilities: DAL's short term assets ($11.1B) do not cover its long term liabilities ($33.6B).
Debt to Equity History and Analysis
Debt Level: DAL's net debt to equity ratio (100.4%) is considered high.
Reducing Debt: DAL's debt to equity ratio has increased from 62.8% to 129.6% over the past 5 years.
Debt Coverage: DAL's debt is well covered by operating cash flow (37.8%).
Interest Coverage: DAL's interest payments on its debt are well covered by EBIT (8.1x coverage).