LATAM Airlines Group (LATAM Airlines Group) Debt-to-Equity : 15.63 (As of Dec. 2023)

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What is LATAM Airlines Group Debt-to-Equity?

LATAM Airlines Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $695 Mil. LATAM Airlines Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6,342 Mil. LATAM Airlines Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $450 Mil. LATAM Airlines Group's debt to equity for the quarter that ended in Dec. 2023 was 15.63.

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 LATAM Airlines Group's Debt-to-Equity or its related term are showing as below:

LTMAY' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.5 Med: 3.03 Max: 162.39
Current: 15.63

During the past 13 years, the highest Debt-to-Equity Ratio of LATAM Airlines Group was 162.39. The lowest was -4.50. And the median was 3.03.

LTMAY's Debt-to-Equity is ranked worse than
98.87% of 884 companies
in the Transportation industry
Industry Median: 0.545 vs LTMAY: 15.63

LATAM Airlines Group Debt-to-Equity Historical Data

The historical data trend for LATAM Airlines Group'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.

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LATAM Airlines Group Debt-to-Equity Chart

LATAM Airlines Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.33

-4.50

-1.49

162.39

15.63

LATAM Airlines Group 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	Get a 7-Day Free Trial															162.39	33.71	24.86	15.26	15.63

Competitive Comparison of LATAM Airlines Group's Debt-to-Equity

For the Airlines subindustry, LATAM Airlines Group'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.

LATAM Airlines Group's Debt-to-Equity Distribution in the Transportation Industry

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

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

LATAM Airlines Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

LATAM Airlines Group'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
	=	(695.361	+	6341.669)	/	450.302
	=	15.63

LATAM Airlines Group'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
	=	(695.361	+	6341.669)	/	450.302
	=	15.63

LATAM Airlines Group (OTCPK:LTMAY) 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.

LATAM Airlines Group Debt-to-Equity Related Terms

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LATAM Airlines Group (LATAM Airlines Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » LATAM Airlines Group SA (OTCPK:LTMAY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LFL:Germany LTM:Chile

Address

Avenida Presidente Riesco No. 5711, 20th Floor, Las Condes, Santiago, CHL

Website

https://www.latamairlinesgroup.net

LATAM Airlines Group SA operates as a passenger airline group. Geographically, the company operates in Brazil, Chile, Colombia, Ecuador, and Peru, along with international operations within Latin America and to Europe, the US, and the Caribbean. The firm generates its revenue from transporting passengers and cargo.