Southwest Airlines Balance Sheet Health
Financial Health criteria checks 3/6
Southwest Airlines has a total shareholder equity of $10.4B and total debt of $8.0B, which brings its debt-to-equity ratio to 76.6%. Its total assets and total liabilities are $34.8B and $24.4B respectively. Southwest Airlines's EBIT is $263.0M making its interest coverage ratio -0.8. It has cash and short-term investments of $9.4B.
Key information
76.6%
Debt to equity ratio
US$7.98b
Debt
| Interest coverage ratio | -0.8x |
| Cash | US$9.38b |
| Equity | US$10.41b |
| Total liabilities | US$24.44b |
| Total assets | US$34.85b |
Recent financial health updates
Here's Why Southwest Airlines (NYSE:LUV) Has A Meaningful Debt Burden
Nov 21
Here's Why Southwest Airlines (NYSE:LUV) Has A Meaningful Debt Burden
Apr 02Recent updates
Here's Why Southwest Airlines (NYSE:LUV) Has A Meaningful Debt Burden
Nov 21Southwest's Lead From COVID Has Dissipated, And Now They Face The Consequences
Oct 20Southwest Airlines Stock Jumps: Why I Am Not Impressed
Sep 27Southwest Airlines Is An Easy Fix, But It's Not Necessarily A Buy
Sep 21Southwest Airlines (NYSE:LUV) Could Be Struggling To Allocate Capital
Sep 10Southwest Airlines: Elliott Still Trying Too Hard
Sep 04Wall Street Lunch: Elliott Investment To Meet Southwest Airlines
Aug 26Southwest Airlines (NYSE:LUV) Has Affirmed Its Dividend Of $0.18
Aug 20It's Time To Buy Southwest Airlines Stock And Wait
Aug 15Southwest Airlines (NYSE:LUV) Has Affirmed Its Dividend Of $0.18
Aug 03Southwest Airlines Co. Just Beat EPS By 13%: Here's What Analysts Think Will Happen Next
Jul 31Southwest Airlines Co.'s (NYSE:LUV) Earnings Haven't Escaped The Attention Of Investors
Jul 20Southwest Airlines' Recovery Is Encountering Turbulence (Rating Downgrade)
Jul 20Southwest Airlines: How Can Elliott Help? (Technical Analysis)
Jul 08When Should You Buy Southwest Airlines Co. (NYSE:LUV)?
Jul 05Why Elliott Might LUV Southwest Airlines
Jun 10Southwest Airlines (NYSE:LUV) Has Announced A Dividend Of $0.18
Jun 04Southwest Airlines (NYSE:LUV) Will Pay A Dividend Of $0.18
May 21US$27.32: That's What Analysts Think Southwest Airlines Co. (NYSE:LUV) Is Worth After Its Latest Results
Apr 30Southwest Airlines Is Set To Soar Again
Apr 29Here's Why Southwest Airlines (NYSE:LUV) Has A Meaningful Debt Burden
Apr 02Southwest Airlines: Maintain Hold Amid Higher Costs And Boeing Turmoil
Mar 13The Returns On Capital At Southwest Airlines (NYSE:LUV) Don't Inspire Confidence
Mar 02Southwest Airlines' (NYSE:LUV) Conservative Accounting Might Explain Soft Earnings
Feb 13Southwest Airlines' (NYSE:LUV) Dividend Will Be $0.18
Feb 09Southwest Airlines: Risking Going From One Extreme To The Other
Feb 02Is Now The Time To Look At Buying Southwest Airlines Co. (NYSE:LUV)?
Feb 01Financial Position Analysis
Short Term Liabilities: LUV's short term assets ($11.9B) do not cover its short term liabilities ($13.5B).
Long Term Liabilities: LUV's short term assets ($11.9B) exceed its long term liabilities ($10.9B).
Debt to Equity History and Analysis
Debt Level: LUV has more cash than its total debt.
Reducing Debt: LUV's debt to equity ratio has increased from 24% to 76.6% over the past 5 years.
Debt Coverage: LUV's debt is not well covered by operating cash flow (5.2%).
Interest Coverage: LUV earns more interest than it pays, so coverage of interest payments is not a concern.