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Southwest Airlines Co   (LUV)
Other Ticker:  
 
    Sector  Transportation    Industry Airline
   Industry Airline
   Sector  Transportation

Southwest Airlines Co 's Leverage Ratio

LUV's quarterly Leverage Ratio and Total Liabilities, Equity growth




LUV Leverage Ratio (Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
Y / Y Equity Change -2.98 % -1.1 % 2.62 % 6.58 % 14.78 %
Y / Y Total Liabilities Change -18.21 % -20.24 % -18.32 % -20.47 % -6.63 %
Leverage Ratio MRQ 1.15 1.15 1.14 1.11 1.36
Overall Ranking # 225 # 1985 # 2236 # 2012 # 2035
Seq. Equity Change 4.73 % -3.6 % -2.17 % -1.76 % 6.75 %
Seq. Total Liabilities Change 4.18 % -2.12 % 0.04 % -19.83 % 1.6 %



Comment on LUV Leverage Ratio in the second quarter 2023
In Spite of the net new borrowings of 4.18% Southwest Airlines Co managed to improve Leverage Ratio in the second quarter 2023 to 1.15, below the company's average Leverage Ratio.

Within Airline industry Southwest Airlines Co achieved the lowest Leverage Ratio in the second quarter 2023. While Leverage Ratio total ranking has improved so far in the second quarter 2023 to 225, from total ranking in the first quarter 2023 at 1985.

Explain Leverage Ratio?
Who are LUV Customers?
What are LUV´s Total Liabilities?
Leverage Ratio second quarter 2023 Company Ranking
Within: No.
Airline Industry # 0
Transportation Sector # 5
Overall Market # 225


Leverage Ratio Statistics
High Average Low
2.07 1.52 0.87
(March 31, 2015)   (Mar 31 2020)




Financial Statements
Southwest Airlines Co 's Equity $ 10,789 Millions Visit LUV's Balance sheet
Southwest Airlines Co 's Total Liabilities $ 12,375 Millions Visit LUV's Balance sheet
Source of LUV's Sales Visit LUV's Sales by Geography


Cumulative Southwest Airlines Co 's Leverage Ratio

LUV's Leverage Ratio for the trailling 12 Months

LUV Leverage Ratio

(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
Y / Y Equity TTM Growth -2.98 % -1.1 % 2.62 % 6.58 % 14.78 %
Y / Y Total Liabilities TTM Growth -18.21 % -20.24 % -18.32 % -20.47 % -6.63 %
Leverage Ratio TTM 1.14 1.19 1.26 1.33 1.42
Total Ranking TTM # 14 # 18 # 17 # 2874 # 3019
Seq. Equity TTM Growth 4.73 % -3.6 % -2.17 % -1.76 % 6.75 %
Seq. Total Liabilities TTM Growth 4.18 % -2.12 % 0.04 % -19.83 % 1.6 %


TTM Leverage Ratio Comment
On the trailing twelve months basis Despite of the net new borrowings of 4.18% during the twelve months period ending in II Quarter 2023 Southwest Airlines Co has managed to decrease Leverage Ratio in the II Quarter 2023 to 1.14, below Southwest Airlines Co 's average Leverage Ratio.
Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Airline industry LUV recorded the lowest Leverage Ratio. While Leverage Ratio total ranking has improved so far to 14, from total ranking in previous 12 month period at 18.

Explain Leverage Ratio?
Who are LUV Customers?
What are LUV´s Total Liabilities?

TTM Leverage Ratio Company Ranking
Within: No.
Within the Airline Industry # 0
Transportation Sector # 0
Within the Market # 14


TTM Leverage Ratio Statistics
High Average Low
2.84 1.78 1.15
(Jun 30 2021)   (March 31, 2007)




Companies with similar Leverage Ratio in the quarter ending Jun 30 2023, within Airline Industry Leverage RatioJun 30 2023 MRQ Total LiabilitiesJun 30 2023 MRQ Equity
Mesa Air Group Inc   3.11 $ 709.088  Millions$ 227.898  Millions
Allegiant Travel Co  2.52 $ 3,455.985  Millions$ 1,373.561  Millions
Alaska Air Group Inc   2.23 $ 8,797.000  Millions$ 3,951.000  Millions
Jetblue Airways Corp  2.08 $ 7,376.000  Millions$ 3,554.000  Millions
Sun Country Airlines Holdings Inc   2.02 $ 1,093.858  Millions$ 540.765  Millions
Frontier Group Holdings Inc   1.93 $ 1,092.000  Millions$ 566.000  Millions
Skywest Inc  1.81 $ 3,909.798  Millions$ 2,157.239  Millions
Southwest Airlines Co   1.15 $ 12,375.000  Millions$ 10,789.000  Millions

Date modified: 2023-07-29T15:11:26+00:00



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