AAL (American Airlines Group) LT-Debt-to-Total-Asset : 0.51 (As of Sep. 2024)

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What is American Airlines Group LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. American Airlines Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.51.

American Airlines Group's long-term debt to total assets ratio declined from Sep. 2023 (0.55) to Sep. 2024 (0.51). It may suggest that American Airlines Group is progressively becoming less dependent on debt to grow their business.

American Airlines Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for American Airlines Group's LT-Debt-to-Total-Asset 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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American Airlines Group LT-Debt-to-Total-Asset Chart

American Airlines Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.48

0.59

0.64

0.60

0.57

American Airlines Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.55	0.57	0.54	0.53	0.51

American Airlines Group LT-Debt-to-Total-Asset Calculation

American Airlines Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	35722	/	63058
	=	0.57

American Airlines Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	32616	/	63528
	=	0.51

American Airlines Group (NAS:AAL) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

American Airlines Group LT-Debt-to-Total-Asset Related Terms

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American Airlines Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » American Airlines Group Inc (NAS:AAL) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

1 Skyview Drive, Fort Worth, TX, USA, 76155

Website

https://www.aa.com

American Airlines is the world's largest airline by aircraft, capacity, and scheduled revenue passenger miles. Its major US hubs are Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. It generates over 30% of US airline revenue connecting Latin America with destinations in the United States. After completing a major fleet renewal, the company has the youngest fleet of US legacy carriers.

Executives

Vasu Raja	officer: SVP, Chief Commercial Officer	C/O AMERICAN AIRLINES GROUP INC., 1 SKYVIEW DRIVE, FORT WORTH TX 76155
Douglas M Steenland	director	2700 LONE OAK PARKWAY, EAGAN MN 55121
Angela Owens	officer: VP Corporate Controller	C/O AMERICAN AIRLINES GROUP INC., 1 SKYVIEW DRIVE, FORT WORTH TX 76155
David Seymour	officer: SVP Chief Operating Officer	C/O AMERICAN AIRLINES GROUP INC., 1 SKYVIEW DRIVE, FORT WORTH TX 76155
Devon E May	officer: EVP Chief Financial Officer	C/O AMERICAN AIRLINES GROUP INC., 1 SKYVIEW DRIVE, FORT WORTH TX 76155
Vicente Reynal	director	C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036
Priya Aiyar	officer: See remarks	C/O AMERICAN AIRLINES GROUP INC., 1 SKYVIEW DRIVE, FORT WORTH TX 76155
Gregory D Smith	director	100 N RIVERSIDE PLAZA, M/C 3005-1001, CHICAGO IL 60606-1596
Adriane M Brown	director	3150 139TH AVENUE S.E., BELLEVUE WA 98040
John T Cahill	director	LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
Michael J Embler	director	C/O NMI HOLDINGS, INC., 2100 POWELL STREET, EMERYVILLE CA 94608
James F Albaugh	director	C/O THE BOEING COMPANY, 100 NORTH RIVERSIDE PLAZA, CHICAGO IL 60606
Isom Robert D Jr	officer: See Remarks	1689 NONCONNAH BLVD, SUITE 111, MEMPHIS TN 38132
Ray M Robinson	director	1170 PEACHTREE STREET NE, SUITE 2300, ATLANTA GA 30309
Maya Leibman	officer: EVP Chief Information Officer	4333 AMON CARTER BLVD, FORT WORTH TX 76155