Delta Air Lines Balance Sheet Health
Financial Health criteria checks 2/6
Delta Air Lines has a total shareholder equity of $11.2B and total debt of $19.2B, which brings its debt-to-equity ratio to 172.4%. Its total assets and total liabilities are $75.0B and $63.8B respectively. Delta Air Lines's EBIT is $6.1B making its interest coverage ratio 7.5. It has cash and short-term investments of $4.5B.
Key information
172.4%
Debt to equity ratio
US$19.23b
Debt
Interest coverage ratio | 7.5x |
Cash | US$4.47b |
Equity | US$11.15b |
Total liabilities | US$63.82b |
Total assets | US$74.97b |
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 ($28.5B).
Long Term Liabilities: DAL's short term assets ($11.6B) do not cover its long term liabilities ($35.3B).
Debt to Equity History and Analysis
Debt Level: DAL's net debt to equity ratio (132.4%) is considered high.
Reducing Debt: DAL's debt to equity ratio has increased from 88.8% to 172.4% over the past 5 years.
Debt Coverage: DAL's debt is well covered by operating cash flow (34.5%).
Interest Coverage: DAL's interest payments on its debt are well covered by EBIT (7.5x coverage).