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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


Due to net new borrowings of 6.69%, Leverage Ratio fell to 1.28, below the Southwest Airlines Co 's average Leverage Ratio.

Within Airline industry Southwest Airlines Co achieved the lowest Leverage Ratio in the forth quarter 2023. While Leverage Ratio total ranking has improved so far in the forth quarter 2023 to 256, from total ranking in the third quarter 2023 at 1016 .

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


LUV Leverage Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Equity Change -1.61 % 1.19 % -2.98 % -1.1 % 2.62 %
Y / Y Total Liabilities Change 11.04 % 4.12 % -18.21 % -20.24 % -18.32 %
Leverage Ratio MRQ 1.28 1.14 1.15 1.15 1.14
LUV's Total Ranking # 256 # 1016 # 225 # 1985 # 2236
Seq. Equity Change -4.88 % 2.46 % 4.73 % -3.6 % -2.17 %
Seq. Total Liabilities Change 6.69 % 2.06 % 4.18 % -2.12 % 0.04 %



Leverage Ratio forth quarter 2023 Company Ranking
Within: No.
Airline Industry # 1
Transportation Sector # 3
Overall Market # 256


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 $ 10,515 Millions Visit LUV's Balance sheet
Southwest Airlines Co 's Total Liabilities $ 13,475 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

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Equity TTM Growth -1.61 % 1.19 % -2.98 % -1.1 % 2.62 %
Y / Y Total Liabilities TTM Growth 11.04 % 4.12 % -18.21 % -20.24 % -18.32 %
Leverage Ratio TTM 1.18 1.14 1.14 1.19 1.26
Total Ranking TTM # 1663 # 2805 # 2956 # 3064 # 3534
Seq. Equity TTM Growth -4.88 % 2.46 % 4.73 % -3.6 % -2.17 %
Seq. Total Liabilities TTM Growth 6.69 % 2.06 % 4.18 % -2.12 % 0.04 %


On the trailing twelve months basis Due to the net new borrowings of 6.69% during the trailing twelve months finishing in the IV Quarter 2023, cumulativeLeverage Ratio improved to 1.18, below the 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 1183, from total ranking in previous 12 month period at 1875.

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 # 256


trailing twelve months Leverage Ratio Statistics
High Average Low
2.84 1.79 1.15
(Jun 30 2021)   (March 31, 2007)




Companies with similar Leverage Ratio in the quarter ending Dec 31 2023, within Airline Industry Leverage RatioDec 31 2023 MRQ Total LiabilitiesDec 31 2023 MRQ Equity
Jetblue Airways Corp  2.41 $ 8,037.000  Millions$ 3,337.000  Millions
Frontier Group Holdings Inc   2.36 $ 1,199.000  Millions$ 507.000  Millions
Sun Country Airlines Holdings Inc   2.16 $ 1,109.224  Millions$ 514.403  Millions
Skywest Inc  1.81 $ 3,816.475  Millions$ 2,113.502  Millions
Southwest Airlines Co   1.28 $ 13,475.000  Millions$ 10,515.000  Millions

Date modified: 2024-02-07T10:02:19+00:00



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