Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Qantas Airways's Total Liabilities for the quarter that ended in Jun. 2026 was A$25,530 Mil. Qantas Airways's Total Assets for the quarter that ended in Jun. 2026 was A$27,034 Mil.
Therefore, Qantas Airways's Liabilities-to-Assets Ratio for the quarter that ended in Jun. 2026 was 0.94.
Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.
Qantas Airways Liabilities-to-Assets Related Terms
Qantas Airways Liabilities-to-Assets Historical Data
* Premium members only.
The historical data trend for Qantas Airways's Liabilities-to-Assets 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.
ASX:QAN vs DAL, UAL, LUV: Liabilities-to-Assets Comparison
For the Airlines subindustry, Qantas Airways's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.
Qantas Airways Liabilities-to-Assets vs Transportation Industry
For the Transportation industry and Industrials sector, Qantas Airways's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Qantas Airways's Liabilities-to-Assets falls into.
Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.
Qantas Airways's Liabilities-to-Assets Ratio for the fiscal year that ended in Jun. 2026 is calculated as:
* 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.
Qantas Airways (ASX:QAN) has a Liabilities-to-Assets of 0.94 as of Jun. 2026. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Qantas Airways and its competitors.
Is Qantas Airways' Liabilities-to-Assets too high?
Qantas Airways' current Liabilities-to-Assets is 0.94. Overall, Qantas Airways has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Qantas Airways' Liabilities-to-Assets compare to DAL and UAL?
Qantas Airways' Liabilities-to-Assets of 0.94 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Liabilities-to-Assets for a Transportation company?
A good Liabilities-to-Assets depends on the Transportation industry context. However, Liabilities-to-Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Liabilities-to-Assets mean?
A high Liabilities-to-Assets can signal that a stock is expensive relative to its fundamentals. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Qantas Airways and its competitors. Qantas Airways's current Liabilities-to-Assets is 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qantas Airways stock overvalued right now?
Based on GuruFocus' analysis, Qantas Airways (ASX:QAN) is currently considered Modestly Undervalued. The stock's GF Value™ is A$10.13, compared to a current price of A$8.73 — trading 13.8% below its estimated fair value. The current Liabilities-to-Assets is 0.94. Qantas Airways' overall GF Score™ is 80/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Liabilities-to-Assets calculated?
Liabilities-to-Assets is calculated from a company's financial statements. For Qantas Airways (ASX:QAN), the current Liabilities-to-Assets is 0.94 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Qantas Airways (ASX:QAN) Overvalued in 2026?
Based on GuruFocus' analysis, Qantas Airways stock appears to be undervalued.
The current stock price of A$8.73 is trading 13.8% below its estimated GF Value™ of A$10.13.
GuruFocus considers Qantas Airways to be Modestly Undervalued.
Key valuation signals for ASX:QAN:
Liabilities-to-Assets: 0.94
GF Value™: A$10.13 vs. price of A$8.73 (13.8% below fair value)
No single metric tells the full story. See the ASX:QAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Qantas Airways is Australia's largest domestic airline with typically a two thirds market share, effectively competing in a duopoly with Virgin. The company operates a multibrand strategy, with low-cost carrier Jetstar complementing the full-service Qantas brand. Its frequent-flyer loyalty program continues to expand with new partnerships, which are integral to retaining customer loyalty for its core airline business.
80GF Score
Get the complete analysis for ASX:QAN
Liabilities-to-Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:QAN has been successfully added to your 
