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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 net new borrowings of 6.69%, Tangible Leverage Ratio fell to 1.41, below the Southwest Airlines Co 's average Tangible Leverage Ratio.

Within Airline industry Southwest Airlines Co achieved the lowest Tangible Leverage Ratio in the forth quarter 2023. While Tangible 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 Tangible Leverage Ratio?
What is LUV Market Share?
What are LUV´s Total Liabilities?


LUV Tangible 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 Tangible Equity Change -1.77 % 1.31 % -3.26 % -1.22 % 2.89 %
Y / Y Total Liabilities Change 11.04 % 4.12 % -18.21 % -20.24 % -18.32 %
Tangible Leverage Ratio MRQ 1.41 1.25 1.26 1.27 1.25
LUV's Total Ranking # 256 # 1016 # 225 # 1985 # 2236
Seq. Tangible Equity Change -5.35 % 2.7 % 5.22 % -3.96 % -2.38 %
Seq. Total Liabilities Change 6.69 % 2.06 % 4.18 % -2.12 % 0.04 %



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


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




Financial Statements
Southwest Airlines Co 's Tangible Equity $ 9,545 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 Tangible Leverage Ratio

LUV's Tangible Leverage Ratio for the trailling 12 Months

LUV Tangible 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 Tangible Equity TTM Growth -1.77 % 1.31 % -3.26 % -1.22 % 2.89 %
Y / Y Total Liabilities TTM Growth 11.04 % 4.12 % -18.21 % -20.24 % -18.32 %
Tangible Leverage Ratio TTM 1.3 1.26 1.25 1.31 1.38
Total Ranking TTM # 8 # 1875 # 15 # 18 # 6
Seq. Tangible Equity TTM Growth -5.35 % 2.7 % 5.22 % -3.96 % -2.38 %
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, cumulativeTangible Leverage Ratio improved to 1.3, below the 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 8, from total ranking in previous 12 month period at 1875.

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 # 8


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




Companies with similar Tangible Leverage Ratio in the quarter ending Dec 31 2023, within Airline Industry Tangible Leverage RatioDec 31 2023 MRQ Total LiabilitiesDec 31 2023 MRQ Tangible Equity
Jetblue Airways Corp  2.69 $ 8,037.000  Millions$ 2,988.000  Millions
Frontier Group Holdings Inc   2.50 $ 1,199.000  Millions$ 479.000  Millions
Skywest Inc  1.81 $ 3,816.475  Millions$ 2,113.502  Millions
Southwest Airlines Co   1.41 $ 13,475.000  Millions$ 9,545.000  Millions

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



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