United Airlines Holdings (United Airlines Holdings) Debt-to-Equity

: 3.69 (As of Dec. 2023)

View and export this data going back to 1969. Start your Free Trial

United Airlines Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,766 Mil. United Airlines Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $29,651 Mil. United Airlines Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $9,324 Mil. United Airlines Holdings's debt to equity for the quarter that ended in Dec. 2023 was 3.69.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for United Airlines Holdings's Debt-to-Equity or its related term are showing as below:

UAL' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.31 Med: 2.83 Max: 7.83
Current: 3.69

During the past 13 years, the highest Debt-to-Equity Ratio of United Airlines Holdings was 7.83. The lowest was 1.31. And the median was 2.83.

UAL's Debt-to-Equity is ranked worse than
94.81% of 887 companies
in the Transportation industry
Industry Median: 0.55 vs UAL: 3.69

United Airlines Holdings Debt-to-Equity Historical Data

The historical data trend for United Airlines Holdings's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

United Airlines Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.77

5.50

7.83

5.28

3.69

United Airlines Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																5.28	5.40	4.65	3.96	3.69

Competitive Comparison

For the Airlines subindustry, United Airlines Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

United Airlines Holdings Debt-to-Equity Distribution

For the Transportation industry and Industrials sector, United Airlines Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where United Airlines Holdings's Debt-to-Equity falls into.

United Airlines Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

United Airlines Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(4766	+	29651)	/	9324
	=	3.69

United Airlines Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(4766	+	29651)	/	9324
	=	3.69

United Airlines Holdings (NAS:UAL) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

United Airlines Holdings Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of United Airlines Holdings's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

United Airlines Holdings (United Airlines Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » United Airlines Holdings Inc (NAS:UAL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

UAL:Mexico 1UAL:Italy UAL1:Germany UAL1:Germany UAL1:Germany U1AL34:Brazil

Address

233 South Wacker Drive, Chicago, IL, USA, 60606

Website

https://www.united.com

United Airlines is a major U.S. network carrier with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, New York/Newark, and Washington, D.C. United operates a hub-and-spoke system that is more focused on international and long-haul travel than its large U.S. peers.

Executives

Kennedy James A C	director	T ROWE PRICE GROUP INC, 100 E PRATT ST, BALTIMORE MD 21202
Michael D. Leskinen	officer: EVP & Chief Financial Officer	233 S. WACKER DRIVE, WHQLD, CHICAGO IL 60606
Gerald Laderman	officer: EVP and CFO	233 S. WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Gregory L Hart	officer: EVP & Chief Growth Officer	233 SOUTH WACKER DRIVE, 11TH FLOOR HDQLD, CHICAGO IL 60606
Edward M Philip	director	C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861
Carolyn Corvi	director	233 SOUTH WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Barney Harford	director	C/O ORBITZ WORLDWIDE, INC., 500 W. MADISON STREET, SUITE 1000, CHICAGO IL 60661
Michele J Hooper	director	C/O PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Edward Shapiro	director	275 GROVE STREET, NEWTON MA 02466
Chris Kenny	officer: Vice President & Controller	233 S. WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Andrew P Nocella	officer: EVP & Chief Commercial Officer	233 S. WACKER DR. 11TH FL WHQLD, CHICAGO IL 60606
Torbjorn J Enqvist	officer: EVP & Chief Operations Officer	233 S. WACKER DRIVE, 11TH FL WHQLD, CHICAGO IL 60606
Linda P Jojo	officer: EVP & Chief Customer Officer	233 S. WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Kate Gebo	officer: EVP HR and Labor Relations	233 SOUTH WACKER DRIVE, 11TH FL - WHQLD, CHICAGO IL 60606
Brett J Hart	officer: President	233 S. WACKER DRIVE, 11TH FL - WHQLD, CHICAGO IL 60606