Delta Air Lines Balance Sheet Health
Financial Health criteria checks 1/6
Delta Air Lines has a total shareholder equity of $4.6B and total debt of $22.6B, which brings its debt-to-equity ratio to 492.9%. Its total assets and total liabilities are $72.6B and $68.0B respectively. Delta Air Lines's EBIT is $2.7B making its interest coverage ratio 2.6. It has cash and short-term investments of $8.4B.
Key information
492.9%
Debt to equity ratio
US$22.62b
Debt
Interest coverage ratio | 2.6x |
Cash | US$8.37b |
Equity | US$4.59b |
Total liabilities | US$68.01b |
Total assets | US$72.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OYC's short term assets ($14.8B) do not cover its short term liabilities ($25.9B).
Long Term Liabilities: OYC's short term assets ($14.8B) do not cover its long term liabilities ($42.1B).
Debt to Equity History and Analysis
Debt Level: OYC's net debt to equity ratio (310.6%) is considered high.
Reducing Debt: OYC's debt to equity ratio has increased from 62.9% to 492.9% over the past 5 years.
Debt Coverage: OYC's debt is well covered by operating cash flow (25.3%).
Interest Coverage: OYC's interest payments on its debt are not well covered by EBIT (2.6x coverage).