Stock Analysis on Net
Stock Analysis on Net

United Airlines Holdings Inc. (NASDAQ:UAL)

This company has been moved to the archive! The financial data has not been updated since April 17, 2024.

Debt to Equity
since 2005

Microsoft Excel

Calculation

United Airlines Holdings Inc., debt to equity, long-term trends, calculation

Microsoft Excel
Debt to equity = Long-term debt and finance leases1 ÷ Stockholders’ equity (deficit)1
Dec 31, 2023 3.15 = 29,338 ÷ 9,324
Dec 31, 2022 4.56 = 31,413 ÷ 6,896
Dec 31, 2021 6.69 = 33,658 ÷ 5,029
Dec 31, 2020 4.56 = 27,153 ÷ 5,960
Dec 31, 2019 1.29 = 14,818 ÷ 11,531
Dec 31, 2018 1.47 = 14,728 ÷ 9,995
Dec 31, 2017 1.63 = 14,392 ÷ 8,806
Dec 31, 2016 1.35 = 11,705 ÷ 8,659
Dec 31, 2015 1.31 = 11,759 ÷ 8,966
Dec 31, 2014 5.06 = 12,115 ÷ 2,396
Dec 31, 2013 4.16 = 12,409 ÷ 2,984
Dec 31, 2012 27.37 = 13,166 ÷ 481
Dec 31, 2011 7.05 = 12,735 ÷ 1,806
Dec 31, 2010 8.76 = 15,133 ÷ 1,727
Dec 31, 2009 — = 8,543 ÷ (2,811)
Dec 31, 2008 — = 8,149 ÷ (2,465)
Dec 31, 2007 3.49 = 8,449 ÷ 2,418
Dec 31, 2006 4.93 = 10,600 ÷ 2,148
Dec 31, 2005 — = 1,433 ÷ (25,560)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions

Comparison to Competitors

United Airlines Holdings Inc., debt to equity, long-term trends, comparison to competitors

Microsoft Excel
United Airlines Holdings Inc. FedEx Corp. Uber Technologies Inc. Union Pacific Corp. United Parcel Service Inc.
Dec 31, 2023 3.15 0.79 0.84 2.20 1.29
Dec 31, 2022 4.56 0.81 1.26 2.74 0.99
Dec 31, 2021 6.69 0.86 0.64 2.10 1.54
Dec 31, 2020 4.56 1.20 0.62 1.58 37.53
Dec 31, 2019 1.29 0.99 0.40 1.39 7.73
Dec 31, 2018 1.47 0.85 — 1.10 7.53
Dec 31, 2017 1.63 0.93 — 0.68 24.29
Dec 31, 2016 1.35 1.01 — 0.75 39.69
Dec 31, 2015 1.31 0.48 — 0.69 5.80
Dec 31, 2014 5.06 0.31 — 0.54 5.04
Dec 31, 2013 4.16 0.17 — 0.45 1.68
Dec 31, 2012 27.37 0.11 — 0.45 2.77
Dec 31, 2011 7.05 0.11 — 0.48 1.58
Dec 31, 2010 8.76 0.14 — 0.52 1.36
Dec 31, 2009 — 0.19 — 0.58 1.25
Dec 31, 2008 — 0.14 — 0.58 1.46
Dec 31, 2007 3.49 0.21 — 0.49 0.90
Dec 31, 2006 4.93 0.21 — 0.44 0.27
Dec 31, 2005 — 0.29 — 0.54 0.24

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Transportation)

United Airlines Holdings Inc., debt to equity, long-term trends, comparison to sector (transportation)

Microsoft Excel
United Airlines Holdings Inc. Transportation
Dec 31, 2023 3.15 1.22
Dec 31, 2022 4.56 1.28
Dec 31, 2021 6.69 1.22
Dec 31, 2020 4.56 1.68
Dec 31, 2019 1.29 1.38
Dec 31, 2018 1.47 1.44
Dec 31, 2017 1.63 1.34
Dec 31, 2016 1.35 1.32
Dec 31, 2015 1.31 0.94
Dec 31, 2014 5.06 0.70
Dec 31, 2013 4.16 0.52
Dec 31, 2012 27.37 0.60
Dec 31, 2011 7.05 0.53
Dec 31, 2010 8.76 0.56
Dec 31, 2009 — 0.57
Dec 31, 2008 — 0.57
Dec 31, 2007 3.49 0.53
Dec 31, 2006 4.93 0.32
Dec 31, 2005 — 0.35

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Industrials)

United Airlines Holdings Inc., debt to equity, long-term trends, comparison to industry (industrials)

Microsoft Excel
United Airlines Holdings Inc. Industrials
Dec 31, 2023 3.15 1.43
Dec 31, 2022 4.56 1.32
Dec 31, 2021 6.69 1.25
Dec 31, 2020 4.56 1.73
Dec 31, 2019 1.29 1.86
Dec 31, 2018 1.47 1.87
Dec 31, 2017 1.63 1.65
Dec 31, 2016 1.35 1.55
Dec 31, 2015 1.31 1.52
Dec 31, 2014 5.06 1.86
Dec 31, 2013 4.16 1.77
Dec 31, 2012 27.37 2.24
Dec 31, 2011 7.05 2.56
Dec 31, 2010 8.76 2.63
Dec 31, 2009 — 2.92
Dec 31, 2008 — 3.45
Dec 31, 2007 3.49 2.72
Dec 31, 2006 4.93 2.46
Dec 31, 2005 — 2.11

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).