Delta Air Lines Balance Sheet Health
Financial Health criteria checks 3/6
Delta Air Lines has a total shareholder equity of $20.9B and total debt of $14.4B, which brings its debt-to-equity ratio to 69.1%. Its total assets and total liabilities are $81.3B and $60.5B respectively. Delta Air Lines's EBIT is $5.6B making its interest coverage ratio 8.3. It has cash and short-term investments of $4.3B.
Key information
69.09%
Debt to equity ratio
US$14.41b
Debt
| Interest coverage ratio | 8.3x |
| Cash | US$4.31b |
| Equity | US$20.85b |
| Total liabilities | US$60.46b |
| Total assets | US$81.32b |
Recent financial health updates
Recent updates
Delta Air Lines Inc. (DAL): The Premium Powerhouse – Scaling Loyalty and International Dominance in 2026
Delta Air Lines (DAL) is currently the most profitable major carrier in the United States, trading at $65.72 as of the February 27, 2026 close. While the stock faced a sharp 6.8% dip on the final Friday of February due to a massive winter storm in the Northeast and lingering concerns over trade policy, its fundamental narrative remains one of "premiumization." Following a record-breaking fiscal year 2025, where the airline achieved $58.3 billion in revenue and an industry-leading 10% operating margin , Delta is successfully decoupling itself from the traditional "low-cost" airline cycle.Delta Air Lines: Deleveraging, Margin Discipline, And Valuation Upside
Feb 19Delta Air Lines, Inc. (NYSE:DAL) Shares Fly 25% But Investors Aren't Buying For Growth
Dec 18
Delta Air Lines' (NYSE:DAL) Profits May Not Reveal Underlying Issues
Oct 18Is It Time To Consider Buying Delta Air Lines, Inc. (NYSE:DAL)?
Jul 03Shareholders Will Probably Hold Off On Increasing Delta Air Lines, Inc.'s (NYSE:DAL) CEO Compensation For The Time Being
Jun 12Even With A 35% Surge, Cautious Investors Are Not Rewarding Delta Air Lines, Inc.'s (NYSE:DAL) Performance Completely
May 09Here's Why Delta Air Lines (NYSE:DAL) Has A Meaningful Debt Burden
Apr 23Delta Air Lines Q1 Preview: Cheaper Oil Presents A Strong Tailwind
Apr 08Delta loses shine after warning of falling travel demand, but still industry leader
As written here in February, Delta is the leading carrier among the major US airlines.In terms of profitability, fleet management/modernisation and thus cost effectiveness, and yield management, the gDelta Air Lines: Quality Won't Matter, Downgrading To Neutral
Mar 11Delta Air Lines, Inc. (NYSE:DAL) Might Not Be As Mispriced As It Looks After Plunging 26%
Mar 11Delta Air Lines Gains As Competitors Struggle
Feb 14Delta Air Lines Stock Flies To New Highs After Earnings
Jan 13Delta Air Lines Q4 Earnings Preview: Holiday Season And CrowdStrike Lawsuit In Focus
Jan 06Delta Air Lines: Examining Smart Money's Activities To Assess Potential Earnings Moves
Dec 30Delta Air Lines: A Top Airline Stock To Buy For 2025
Dec 24Financial Position Analysis
Short Term Liabilities: DAL's short term assets ($11.0B) do not cover its short term liabilities ($27.6B).
Long Term Liabilities: DAL's short term assets ($11.0B) do not cover its long term liabilities ($32.8B).
Debt to Equity History and Analysis
Debt Level: DAL's net debt to equity ratio (48.4%) is considered high.
Reducing Debt: DAL's debt to equity ratio has reduced from 1895.3% to 69.1% over the past 5 years.
Debt Coverage: DAL's debt is well covered by operating cash flow (57.9%).
Interest Coverage: DAL's interest payments on its debt are well covered by EBIT (8.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/03/09 12:28 |
| End of Day Share Price | 2026/03/06 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
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
Delta Air Lines, Inc. is covered by 42 analysts. 21 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 |
| Brandon Oglenski | Barclays |
| Garrett Chase | Barclays |