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Southwest Airlines Co   (NYSE: 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 repayements of liabilities of -2.31% Southwest Airlines Co improved Leverage Ratio in third quarter 2024 to 1.12, below the company's average Leverage Ratio.

Within Airline industry Southwest Airlines Co achieved the lowest Leverage Ratio in the third quarter 2024. While Leverage Ratio total ranking has improved so far in the third quarter 2024 to 1588, from total ranking in the second quarter 2024 at 1869 .

Explain Leverage Ratio?
How much Total Liabilitiess LUV´s has?


LUV Leverage Ratio (Sep 30 2024)
Q3
(Jun 30 2024)
Q2
(Mar 31 2024)
Q1
(Dec 31 2023)
Q4
(Sep 30 2023)
Q3
Y / Y Equity Change -5.82 % -3 % -1.03 % -1.61 % 1.19 %
Y / Y Total Liabilities Change -8 % -3.89 % 3.98 % 11.04 % 4.12 %
Leverage Ratio MRQ 1.12 1.14 1.21 1.28 1.14
LUV's Total Ranking # 1588 # 1869 # 1520 # 1675 # 1254
Seq. Equity Change -0.52 % 2.64 % -3.03 % -4.88 % 2.46 %
Seq. Total Liabilities Change -2.31 % -3.7 % -8.34 % 6.69 % 2.06 %



Leverage Ratio third quarter 2024 Company Ranking
Within: No.
Airline Industry # 1
Transportation Sector # 22
Overall Market # 1588


Leverage Ratio Statistics
High Average Low
2.07 1.5 0.87
(March 31, 2015)   (Mar 31 2020)




Financial Statements
Southwest Airlines Co 's Equity $ 10,411 Millions Visit LUV's Balance sheet
Southwest Airlines Co 's Total Liabilities $ 11,619 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

(Sep 30 2024)
12 Months
(Jun 30 2024)
12 Months
(Mar 31 2024)
12 Months
(Dec 31 2023)
12 Months
(Sep 30 2023)
12 Months
Y / Y Equity TTM Growth -5.82 % -3 % -1.03 % -1.61 % 1.19 %
Y / Y Total Liabilities TTM Growth -8 % -3.89 % 3.98 % 11.04 % 4.12 %
Leverage Ratio TTM 1.19 1.19 1.19 1.18 1.14
Total Ranking TTM # 4 # 18 # 15 # 14 # 1875
Seq. Equity TTM Growth -0.52 % 2.64 % -3.03 % -4.88 % 2.46 %
Seq. Total Liabilities TTM Growth -2.31 % -3.7 % -8.34 % 6.69 % 2.06 %


On the trailing twelve months basis Due to repayements of liabilities of -2.31% Southwest Airlines Co has not changed Leverage Ratio in the 12 months ending in Q3 2024 to 1.19, below the company'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 4, from total ranking in previous 12 month period at 18.

Explain Leverage Ratio?
How much Total Liabilitiess LUV´s has?

TTM Leverage Ratio Company Ranking
Within: No.
Within the Airline Industry # 0
Transportation Sector # 0
Within the Market # 4


trailing twelve months Leverage Ratio Statistics
High Average Low
2.84 1.82 1.15
(Jun 30 2021)   (March 31, 2007)




Companies with similar Leverage Ratio in the quarter ending Sep 30 2024, within Airline Industry Leverage RatioSep 30 2024 MRQ Total LiabilitiesSep 30 2024 MRQ Equity
Alaska Air Group Inc   2.79 $ 12,490.000  Millions$ 4,479.000  Millions
Frontier Group Holdings Inc   2.15 $ 1,181.000  Millions$ 549.000  Millions
Sun Country Airlines Holdings Inc   1.91 $ 1,057.316  Millions$ 552.546  Millions
Skywest Inc  1.52 $ 3,510.722  Millions$ 2,311.497  Millions
Southwest Airlines Co   1.12 $ 11,619.000  Millions$ 10,411.000  Millions

Date modified: 2024-10-28T16:02:44+00:00



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