Southwest Airlines Co (FRA:SWN) LT-Debt-to-Total-Asset: 0.18 (As of Mar. 2026)

What is Southwest Airlines Co LT-Debt-to-Total-Asset?

Southwest Airlines Co FRA:SWN +1.14% 81 LT-Debt-to-Total-Asset is 0.18 as of Mar. 2026. GuruFocus rates FRA:SWN with a GF Score™ of 81/100 and a GF Value™ of €35.85 (Modestly Overvalued). The stock has 6 warning signs investors should review.

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. Southwest Airlines Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2026 was 0.18.

Southwest Airlines Co's long-term debt to total assets ratio increased from Mar. 2025 (0.15) to Mar. 2026 (0.18). It may suggest that Southwest Airlines Co is progressively becoming more dependent on debt to grow their business.

Southwest Airlines Co (FRA:SWN) 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.

Southwest Airlines Co LT-Debt-to-Total-Asset Related Terms

Southwest Airlines Co LT-Debt-to-Total-Asset Historical Data

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The historical data trend for Southwest Airlines Co'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.

Southwest Airlines Co LT-Debt-to-Total-Asset Chart

Southwest Airlines Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

LT-Debt-to-Total-Asset

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0.32

0.26

0.25

0.18

Southwest Airlines Co Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	0.17	0.17	0.18	0.18

81GF Score

Southwest Airlines Co FRA:SWN

LT-Debt-to-Total-Asset is just one metric. See GF Score™, valuation, warning signs, and more.

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Southwest Airlines Co LT-Debt-to-Total-Asset Calculation

Southwest Airlines Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

LT Debt to Total Assets (A: Dec. 2025 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2025 )	/	Total Assets (A: Dec. 2025 )
	=	4564.63	/	24818.094
	=	0.18

Southwest Airlines Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2026 is calculated as

LT Debt to Total Assets (Q: Mar. 2026 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2026 )	/	Total Assets (Q: Mar. 2026 )
	=	4536.925	/	25392.075
	=	0.18

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →

What does a LT-Debt-to-Total-Asset of 0.18 mean?

Southwest Airlines Co (FRA:SWN) has a LT-Debt-to-Total-Asset of 0.18 as of Mar. 2026. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Southwest Airlines Co and its competitors.

Is Southwest Airlines Co's LT-Debt-to-Total-Asset too high?

Southwest Airlines Co's current LT-Debt-to-Total-Asset is 0.18. Overall, Southwest Airlines Co has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Southwest Airlines Co's LT-Debt-to-Total-Asset compare to AAL and CPA?

Southwest Airlines Co's LT-Debt-to-Total-Asset of 0.18 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 LT-Debt-to-Total-Asset for a Transportation company?

A good LT-Debt-to-Total-Asset depends on the Transportation industry context. However, LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset mean?

A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Southwest Airlines Co and its competitors. Southwest Airlines Co's current LT-Debt-to-Total-Asset is 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Southwest Airlines Co stock overvalued right now?

Based on GuruFocus' analysis, Southwest Airlines Co (FRA:SWN) is currently considered Modestly Overvalued. The stock's GF Value™ is €35.85, compared to a current price of €45.14 — trading 25.9% above its estimated fair value. The current LT-Debt-to-Total-Asset is 0.18. Southwest Airlines Co's overall GF Score™ is 81/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is LT-Debt-to-Total-Asset calculated?

LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Southwest Airlines Co (FRA:SWN), the current LT-Debt-to-Total-Asset is 0.18 as of Mar. 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 Southwest Airlines Co (FRA:SWN) Overvalued in 2026?

Based on GuruFocus' analysis, Southwest Airlines Co stock appears to be overvalued. The current stock price of €45.14 is trading 25.9% above its estimated GF Value™ of €35.85. GuruFocus considers Southwest Airlines Co to be Modestly Overvalued.

Key valuation signals for FRA:SWN:

LT-Debt-to-Total-Asset: 0.18
GF Value™: €35.85 vs. price of €45.14 (25.9% above fair value)
GF Score™: 81/100 with 6 warning signs

No single metric tells the full story. See the FRA:SWN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Southwest Airlines Co Business Description

Industry Industrials Transportation

Comparable Companies AAL CPA ALK UAL SKYW ALGT JBLU ULCC RJET SRFM DAL DUB:RYA LSE:IAG NSE:INDIGO SGX:C6L SHSE:601111 XSGO:LTM SHSE:600115 SHSE:600029 XTER:LHA

Other Exchanges LUV:USA LUV:Mexico 1LUV:Italy 0L8F:UK SWN:Germany S1OU34:Brazil LUV:Austria

Address P.O. Box 36611, Dallas, TX, USA, 75235-1611

Website https://www.southwest.com

Southwest Airlines is the largest domestic air carrier in the United States by passengers boarded. Southwest operates nearly 800 aircraft in an all-Boeing 737 fleet. Despite offering some longer routes and a few perks for business travelers, the airline predominantly specializes in short-haul, leisure flights operated with a simple cabin configuration in a point-to-point network. In early 2026, Southwest modified its cabins to offer some rows with extra legroom, its ticketing process and merchandising to offer assigned seats, and more fare categories to include a basic economy class that appears for the first time in travel aggregators' search results and more directly competes with other airlines' offerings.

81GF Score

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LT-Debt-to-Total-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€45.14

Price

€35.85

GF Value

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