Delta Air Lines Balance Sheet Health
Financial Health criteria checks 3/6
Delta Air Lines has a total shareholder equity of $17.4B and total debt of $15.5B, which brings its debt-to-equity ratio to 88.8%. Its total assets and total liabilities are $78.4B and $61.0B respectively. Delta Air Lines's EBIT is $5.6B making its interest coverage ratio 7.9. It has cash and short-term investments of $3.3B.
Key information
88.77%
Debt to equity ratio
US$15.48b
Debt
| Interest coverage ratio | 7.9x |
| Cash | US$3.33b |
| Equity | US$17.44b |
| Total liabilities | US$60.96b |
| Total assets | US$78.40b |
Recent financial health updates
Here's Why Delta Air Lines (NYSE:DAL) Has A Meaningful Debt Burden
Apr 23
Delta Air Lines (NYSE:DAL) Has A Somewhat Strained Balance Sheet
Nov 29Recent updates
Delta Offers Rare Value And Resilience In Airline Bankruptcy Wave
Oct 02Is 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 14Is Now The Time To Look At Buying Delta Air Lines, Inc. (NYSE:DAL)?
Feb 07Delta Air Lines, Inc. (NYSE:DAL) Shares Could Be 24% Below Their Intrinsic Value Estimate
Jan 26Delta 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 24Do Delta Air Lines' (NYSE:DAL) Earnings Warrant Your Attention?
Dec 23Delta Air Lines (NYSE:DAL) Has A Somewhat Strained Balance Sheet
Nov 29Slowing Rates Of Return At Delta Air Lines (NYSE:DAL) Leave Little Room For Excitement
Nov 18Delta Air Lines: Continued Tailwind Expected As Shares Fly High, But Key Risks Could Cause Turbulence
Nov 14Delta Air Lines, Inc.'s (NYSE:DAL) Price Is Right But Growth Is Lacking After Shares Rocket 26%
Nov 07Has Delta Air Lines Lost Its Leadership Role?
Oct 25Is There An Opportunity With Delta Air Lines, Inc.'s (NYSE:DAL) 46% Undervaluation?
Oct 23Delta Earnings Preview: Cheaply Valued Going Into Earnings
Oct 08Delta Air Lines Has Already Taken Off
Sep 20Delta Air Lines Will Likely Fly Above The Turbulence
Aug 14Why Did Delta Air Lines Stock Fall?
Jul 15Delta Air Lines: The Ultimate Contrarian Buy
Jul 03Financial Position Analysis
Short Term Liabilities: DAL's short term assets ($11.0B) do not cover its short term liabilities ($28.6B).
Long Term Liabilities: DAL's short term assets ($11.0B) do not cover its long term liabilities ($32.4B).
Debt to Equity History and Analysis
Debt Level: DAL's net debt to equity ratio (69.7%) is considered high.
Reducing Debt: DAL's debt to equity ratio has reduced from 280% to 88.8% over the past 5 years.
Debt Coverage: DAL's debt is well covered by operating cash flow (47.8%).
Interest Coverage: DAL's interest payments on its debt are well covered by EBIT (7.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/10/05 01:36 |
| End of Day Share Price | 2025/10/03 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
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 48 analysts. 18 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 |
| Lindsay Bettiol | Atlantic Equities LLP |
| Fred Lowrance | Avondale Partners |