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

Southwest Airlines Co 's Tangible Leverage Ratio

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


Due to repayements of liabilities of -8.34% Southwest Airlines Co improved Tangible Leverage Ratio in first quarter 2024 to 1.34, below the company's average Tangible Leverage Ratio.

Within Airline industry Southwest Airlines Co achieved the lowest Tangible Leverage Ratio in the first quarter 2024. While Tangible Leverage Ratio total ranking has improved so far in the first quarter 2024 to 1238, from total ranking in the forth quarter 2023 at 1675 .

Explain Tangible Leverage Ratio?
What is LUV Market Share?
What are LUV´s Total Liabilities?


LUV Tangible Leverage Ratio (Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
Y / Y Tangible Equity Change -1.14 % -1.77 % 1.31 % -3.26 % -1.22 %
Y / Y Total Liabilities Change 3.98 % 11.04 % 4.12 % -18.21 % -20.24 %
Tangible Leverage Ratio MRQ 1.34 1.41 1.25 1.26 1.27
LUV's Total Ranking # 1238 # 1675 # 1016 # 225 # 1985
Seq. Tangible Equity Change -3.34 % -5.35 % 2.7 % 5.22 % -3.96 %
Seq. Total Liabilities Change -8.34 % 6.69 % 2.06 % 4.18 % -2.12 %



Tangible Leverage Ratio first quarter 2024 Company Ranking
Within: No.
Airline Industry # 1
Transportation Sector # 16
Overall Market # 1238


Tangible Leverage Ratio Statistics
High Average Low
2.07 1.51 0.87
(March 31, 2015)   (Mar 31 2020)




Financial Statements
Southwest Airlines Co 's Tangible Equity $ 9,226 Millions Visit LUV's Balance sheet
Southwest Airlines Co 's Total Liabilities $ 12,351 Millions Visit LUV's Balance sheet
Source of LUV's Sales Visit LUV's Sales by Geography


Cumulative Southwest Airlines Co 's Tangible Leverage Ratio

LUV's Tangible Leverage Ratio for the trailling 12 Months

LUV Tangible Leverage Ratio

(Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
Y / Y Tangible Equity TTM Growth -1.14 % -1.77 % 1.31 % -3.26 % -1.22 %
Y / Y Total Liabilities TTM Growth 3.98 % 11.04 % 4.12 % -18.21 % -20.24 %
Tangible Leverage Ratio TTM 1.31 1.3 1.26 1.25 1.31
Total Ranking TTM # 7 # 14 # 1875 # 15 # 18
Seq. Tangible Equity TTM Growth -3.34 % -5.35 % 2.7 % 5.22 % -3.96 %
Seq. Total Liabilities TTM Growth -8.34 % 6.69 % 2.06 % 4.18 % -2.12 %


On the trailing twelve months basis Despite of the repayements of liabilities of -8.34% in the trailing twelve months ending in I Quarter 2024, Tangible Leverage Ratio improved to 1.31, above Southwest Airlines Co 's average Tangible Leverage Ratio.
Tangible Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Airline industry LUV recorded the lowest Tangible Leverage Ratio. While Tangible Leverage Ratio total ranking has improved so far to 7, from total ranking in previous 12 month period at 14.

Explain Tangible Leverage Ratio?
What is LUV Market Share?
What are LUV´s Total Liabilities?

TTM Tangible Leverage Ratio Company Ranking
Within: No.
Within the Airline Industry # 0
Transportation Sector # 0
Within the Market # 7


trailing twelve months Tangible Leverage Ratio Statistics
High Average Low
1.16 0.47 0.01
(Jun 30 2021)   (Sep. 30, 2015)




Companies with similar Tangible Leverage Ratio in the quarter ending Mar 31 2024, within Airline Industry Tangible Leverage RatioMar 31 2024 MRQ Total LiabilitiesMar 31 2024 MRQ Tangible Equity
Frontier Group Holdings Inc   2.64 $ 1,208.000  Millions$ 457.000  Millions
Skywest Inc  1.71 $ 3,701.523  Millions$ 2,164.903  Millions
Southwest Airlines Co   1.34 $ 12,351.000  Millions$ 9,226.000  Millions

Date modified: 2024-04-30T01:19:25+00:00



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