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

Southwest Airlines Co 's Total Debt to Equity

LUV's quarterly Total Debt to Equity and Total Debt, Equity growth


In Spite of the debt repayement of -0.09%, in IV Quarter 2023 ,Total Debt to Equity deteriorated to 0.76 is above the company's typical Total Debt to Equity.

Within Airline industry Southwest Airlines Co achieved the lowest Total Debt to Equity in the forth quarter 2023. While Total Debt to Equity total ranking has improved so far in the forth quarter 2023 to 191, from total ranking in the third quarter 2023 at 290 .

Explain Debt to Equity Ratio?
What is the structure of LUVīs Total Debt?
How valuable is the LUVīs Equity?


LUV Total Debt to Equity (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 Debt Change -1 % -7.84 % -23.85 % -25.11 % -24.6 %
Total Debt to Equity MRQ 0.76 0.72 0.74 0.78 0.76
LUV's Total Ranking # 191 # 290 # 240 # 238 # 1876
Seq. Equity Change -4.88 % 2.46 % 4.73 % -3.6 % -2.17 %
Seq. Total Debt Change -0.09 % -0.14 % -0.07 % -0.7 % -6.99 %



Total Debt to Equity forth quarter 2023 Company Ranking
Within: No.
Airline Industry # 1
Transportation Sector # 3
Overall Market # 191


Total Debt to Equity Statistics
High Average Low
1.18 0.51 0.25
(Mar 31 2021)   (Sep. 30, 2007)




Financial Statements
Southwest Airlines Co 's Equity $ 10,515 Millions Visit LUV's Balance sheet
Southwest Airlines Co 's Total Debt $ 8,007 Millions Visit LUV's Balance sheet
Source of LUV's Sales Visit LUV's Sales by Geography


Cumulative Southwest Airlines Co 's Total Debt to Equity

LUV's Total Debt to Equity for the trailling 12 Months

LUV Total Debt to Equity

(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 Debt TTM Growth -1 % -7.84 % -23.85 % -25.11 % -24.6 %
Total Debt to Equity TTM 0.75 0.75 0.77 0.82 0.88
Total Ranking TTM # 1212 # 1952 # 2055 # 2207 # 2591
Seq. Equity TTM Growth -4.88 % 2.46 % 4.73 % -3.6 % -2.17 %
Seq. Total Debt TTM Growth -0.09 % -0.14 % -0.07 % -0.7 % -6.99 %


On the trailing twelve months basis Due to debt repayement of -0.09% Southwest Airlines Co has not changed Total Debt to Equity in the 12 months ending in IV Quarter 2023 to 0.75, above the Southwest Airlines Co 's average Total Debt to Equity.
Total Debt to Equity is the average cumulative value over the last four quarters.

Among companies in the Airline industry LUV recorded the lowest Total Debt to Equity. While Total Debt to Equity total ranking has improved so far to 1219, from total ranking in previous 12 month period at 1875.

Explain Debt to Equity Ratio?
What is the structure of LUVīs Total Debt?
How valuable is the LUVīs Equity?

TTM Total Debt to Equity Company Ranking
Within: No.
Within the Airline Industry # 0
Transportation Sector # 0
Within the Market # 191


trailing twelve months Total Debt to Equity Statistics
High Average Low
1.16 0.47 0.01
(Jun 30 2021)   (Sep. 30, 2015)




Companies with similar Total Debt to Equity in the quarter ending Dec 31 2023, within Airline Industry Total Debt to EquityDec 31 2023 MRQ Total DebtDec 31 2023 MRQ Equity
Delta Air Lines Inc   1.81 $ 20,054.000  Millions$ 11,105.000  Millions
Skywest Inc  1.42 $ 3,006.052  Millions$ 2,113.502  Millions
Jetblue Airways Corp  1.41 $ 4,716.000  Millions$ 3,337.000  Millions
Frontier Group Holdings Inc   0.93 $ 470.000  Millions$ 507.000  Millions
Sun Country Airlines Holdings Inc   0.78 $ 401.645  Millions$ 514.403  Millions
Southwest Airlines Co   0.76 $ 8,007.000  Millions$ 10,515.000  Millions

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



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