Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
United Airlines Holdings Inc., solvency ratios
Based on: 10-K (reporting date: 2024-12-31), 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).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | United Airlines Holdings Inc. debt to equity ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | United Airlines Holdings Inc. debt to equity ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | United Airlines Holdings Inc. debt to capital ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | United Airlines Holdings Inc. debt to capital ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | United Airlines Holdings Inc. debt to assets ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | United Airlines Holdings Inc. debt to assets ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | United Airlines Holdings Inc. financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | United Airlines Holdings Inc. interest coverage ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | United Airlines Holdings Inc. fixed charge coverage ratio improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Equity
United Airlines Holdings Inc., debt to equity calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current maturities of long-term debt, finance leases, and other financial liabilities | 3,453) | 4,247) | 3,038) | 3,912) | 2,111) | |
| Long-term debt, finance leases, and other financial liabilities, less current portion | 25,203) | 27,413) | 29,242) | 31,443) | 26,200) | |
| Total debt | 28,656) | 31,660) | 32,280) | 35,355) | 28,311) | |
| Stockholders’ equity | 12,675) | 9,324) | 6,896) | 5,029) | 5,960) | |
| Solvency Ratio | ||||||
| Debt to equity1 | 2.26 | 3.40 | 4.68 | 7.03 | 4.75 | |
| Benchmarks | ||||||
| Debt to Equity, Competitors2 | ||||||
| FedEx Corp. | 0.73 | 0.79 | 0.81 | 0.86 | 1.20 | |
| Uber Technologies Inc. | 0.45 | 0.89 | 1.32 | 0.66 | 0.64 | |
| Union Pacific Corp. | 1.85 | 2.20 | 2.74 | 2.10 | 1.58 | |
| United Parcel Service Inc. | 1.27 | 1.29 | 0.99 | 1.54 | 37.53 | |
| Debt to Equity, Sector | ||||||
| Transportation | 1.16 | 1.49 | 1.62 | 1.63 | 2.02 | |
| Debt to Equity, Industry | ||||||
| Industrials | 1.39 | 1.52 | 1.42 | 1.37 | 1.82 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 28,656 ÷ 12,675 = 2.26
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | United Airlines Holdings Inc. debt to equity ratio improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Equity (including Operating Lease Liability)
United Airlines Holdings Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current maturities of long-term debt, finance leases, and other financial liabilities | 3,453) | 4,247) | 3,038) | 3,912) | 2,111) | |
| Long-term debt, finance leases, and other financial liabilities, less current portion | 25,203) | 27,413) | 29,242) | 31,443) | 26,200) | |
| Total debt | 28,656) | 31,660) | 32,280) | 35,355) | 28,311) | |
| Current maturities of operating leases | 467) | 576) | 561) | 556) | 612) | |
| Long-term obligations under operating leases | 4,510) | 4,503) | 4,459) | 5,152) | 4,986) | |
| Total debt (including operating lease liability) | 33,633) | 36,739) | 37,300) | 41,063) | 33,909) | |
| Stockholders’ equity | 12,675) | 9,324) | 6,896) | 5,029) | 5,960) | |
| Solvency Ratio | ||||||
| Debt to equity (including operating lease liability)1 | 2.65 | 3.94 | 5.41 | 8.17 | 5.69 | |
| Benchmarks | ||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||
| FedEx Corp. | 1.37 | 1.47 | 1.49 | 1.51 | 1.97 | |
| Uber Technologies Inc. | 0.53 | 1.04 | 1.58 | 0.79 | 0.78 | |
| Union Pacific Corp. | 1.92 | 2.31 | 2.87 | 2.22 | 1.67 | |
| United Parcel Service Inc. | 1.53 | 1.54 | 1.19 | 1.79 | 42.24 | |
| Debt to Equity (including Operating Lease Liability), Sector | ||||||
| Transportation | 1.48 | 1.88 | 2.03 | 2.02 | 2.51 | |
| Debt to Equity (including Operating Lease Liability), Industry | ||||||
| Industrials | 1.55 | 1.71 | 1.59 | 1.54 | 2.00 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 33,633 ÷ 12,675 = 2.65
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | United Airlines Holdings Inc. debt to equity ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Capital
United Airlines Holdings Inc., debt to capital calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current maturities of long-term debt, finance leases, and other financial liabilities | 3,453) | 4,247) | 3,038) | 3,912) | 2,111) | |
| Long-term debt, finance leases, and other financial liabilities, less current portion | 25,203) | 27,413) | 29,242) | 31,443) | 26,200) | |
| Total debt | 28,656) | 31,660) | 32,280) | 35,355) | 28,311) | |
| Stockholders’ equity | 12,675) | 9,324) | 6,896) | 5,029) | 5,960) | |
| Total capital | 41,331) | 40,984) | 39,176) | 40,384) | 34,271) | |
| Solvency Ratio | ||||||
| Debt to capital1 | 0.69 | 0.77 | 0.82 | 0.88 | 0.83 | |
| Benchmarks | ||||||
| Debt to Capital, Competitors2 | ||||||
| FedEx Corp. | 0.42 | 0.44 | 0.45 | 0.46 | 0.55 | |
| Uber Technologies Inc. | 0.31 | 0.47 | 0.57 | 0.40 | 0.39 | |
| Union Pacific Corp. | 0.65 | 0.69 | 0.73 | 0.68 | 0.61 | |
| United Parcel Service Inc. | 0.56 | 0.56 | 0.50 | 0.61 | 0.97 | |
| Debt to Capital, Sector | ||||||
| Transportation | 0.54 | 0.60 | 0.62 | 0.62 | 0.67 | |
| Debt to Capital, Industry | ||||||
| Industrials | 0.58 | 0.60 | 0.59 | 0.58 | 0.65 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 28,656 ÷ 41,331 = 0.69
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | United Airlines Holdings Inc. debt to capital ratio improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Capital (including Operating Lease Liability)
United Airlines Holdings Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current maturities of long-term debt, finance leases, and other financial liabilities | 3,453) | 4,247) | 3,038) | 3,912) | 2,111) | |
| Long-term debt, finance leases, and other financial liabilities, less current portion | 25,203) | 27,413) | 29,242) | 31,443) | 26,200) | |
| Total debt | 28,656) | 31,660) | 32,280) | 35,355) | 28,311) | |
| Current maturities of operating leases | 467) | 576) | 561) | 556) | 612) | |
| Long-term obligations under operating leases | 4,510) | 4,503) | 4,459) | 5,152) | 4,986) | |
| Total debt (including operating lease liability) | 33,633) | 36,739) | 37,300) | 41,063) | 33,909) | |
| Stockholders’ equity | 12,675) | 9,324) | 6,896) | 5,029) | 5,960) | |
| Total capital (including operating lease liability) | 46,308) | 46,063) | 44,196) | 46,092) | 39,869) | |
| Solvency Ratio | ||||||
| Debt to capital (including operating lease liability)1 | 0.73 | 0.80 | 0.84 | 0.89 | 0.85 | |
| Benchmarks | ||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||
| FedEx Corp. | 0.58 | 0.60 | 0.60 | 0.60 | 0.66 | |
| Uber Technologies Inc. | 0.35 | 0.51 | 0.61 | 0.44 | 0.44 | |
| Union Pacific Corp. | 0.66 | 0.70 | 0.74 | 0.69 | 0.63 | |
| United Parcel Service Inc. | 0.61 | 0.61 | 0.54 | 0.64 | 0.98 | |
| Debt to Capital (including Operating Lease Liability), Sector | ||||||
| Transportation | 0.60 | 0.65 | 0.67 | 0.67 | 0.71 | |
| Debt to Capital (including Operating Lease Liability), Industry | ||||||
| Industrials | 0.61 | 0.63 | 0.61 | 0.61 | 0.67 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 33,633 ÷ 46,308 = 0.73
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | United Airlines Holdings Inc. debt to capital ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Assets
United Airlines Holdings Inc., debt to assets calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current maturities of long-term debt, finance leases, and other financial liabilities | 3,453) | 4,247) | 3,038) | 3,912) | 2,111) | |
| Long-term debt, finance leases, and other financial liabilities, less current portion | 25,203) | 27,413) | 29,242) | 31,443) | 26,200) | |
| Total debt | 28,656) | 31,660) | 32,280) | 35,355) | 28,311) | |
| Total assets | 74,083) | 71,104) | 67,358) | 68,175) | 59,548) | |
| Solvency Ratio | ||||||
| Debt to assets1 | 0.39 | 0.45 | 0.48 | 0.52 | 0.48 | |
| Benchmarks | ||||||
| Debt to Assets, Competitors2 | ||||||
| FedEx Corp. | 0.23 | 0.24 | 0.24 | 0.25 | 0.30 | |
| Uber Technologies Inc. | 0.19 | 0.26 | 0.30 | 0.25 | 0.24 | |
| Union Pacific Corp. | 0.46 | 0.49 | 0.51 | 0.47 | 0.43 | |
| United Parcel Service Inc. | 0.30 | 0.31 | 0.28 | 0.32 | 0.40 | |
| Debt to Assets, Sector | ||||||
| Transportation | 0.32 | 0.35 | 0.36 | 0.36 | 0.38 | |
| Debt to Assets, Industry | ||||||
| Industrials | 0.31 | 0.31 | 0.31 | 0.30 | 0.33 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Debt to assets = Total debt ÷ Total assets
= 28,656 ÷ 74,083 = 0.39
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | United Airlines Holdings Inc. debt to assets ratio improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Assets (including Operating Lease Liability)
United Airlines Holdings Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current maturities of long-term debt, finance leases, and other financial liabilities | 3,453) | 4,247) | 3,038) | 3,912) | 2,111) | |
| Long-term debt, finance leases, and other financial liabilities, less current portion | 25,203) | 27,413) | 29,242) | 31,443) | 26,200) | |
| Total debt | 28,656) | 31,660) | 32,280) | 35,355) | 28,311) | |
| Current maturities of operating leases | 467) | 576) | 561) | 556) | 612) | |
| Long-term obligations under operating leases | 4,510) | 4,503) | 4,459) | 5,152) | 4,986) | |
| Total debt (including operating lease liability) | 33,633) | 36,739) | 37,300) | 41,063) | 33,909) | |
| Total assets | 74,083) | 71,104) | 67,358) | 68,175) | 59,548) | |
| Solvency Ratio | ||||||
| Debt to assets (including operating lease liability)1 | 0.45 | 0.52 | 0.55 | 0.60 | 0.57 | |
| Benchmarks | ||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||
| FedEx Corp. | 0.43 | 0.44 | 0.43 | 0.44 | 0.49 | |
| Uber Technologies Inc. | 0.22 | 0.30 | 0.36 | 0.29 | 0.29 | |
| Union Pacific Corp. | 0.48 | 0.51 | 0.53 | 0.50 | 0.45 | |
| United Parcel Service Inc. | 0.37 | 0.38 | 0.33 | 0.37 | 0.44 | |
| Debt to Assets (including Operating Lease Liability), Sector | ||||||
| Transportation | 0.40 | 0.44 | 0.45 | 0.45 | 0.47 | |
| Debt to Assets (including Operating Lease Liability), Industry | ||||||
| Industrials | 0.35 | 0.35 | 0.34 | 0.34 | 0.36 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 33,633 ÷ 74,083 = 0.45
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | United Airlines Holdings Inc. debt to assets ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
Financial Leverage
United Airlines Holdings Inc., financial leverage calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Total assets | 74,083) | 71,104) | 67,358) | 68,175) | 59,548) | |
| Stockholders’ equity | 12,675) | 9,324) | 6,896) | 5,029) | 5,960) | |
| Solvency Ratio | ||||||
| Financial leverage1 | 5.84 | 7.63 | 9.77 | 13.56 | 9.99 | |
| Benchmarks | ||||||
| Financial Leverage, Competitors2 | ||||||
| FedEx Corp. | 3.15 | 3.34 | 3.45 | 3.43 | 4.02 | |
| Uber Technologies Inc. | 2.38 | 3.44 | 4.37 | 2.68 | 2.71 | |
| Union Pacific Corp. | 4.01 | 4.54 | 5.38 | 4.49 | 3.68 | |
| United Parcel Service Inc. | 4.19 | 4.09 | 3.59 | 4.87 | 94.99 | |
| Financial Leverage, Sector | ||||||
| Transportation | 3.67 | 4.25 | 4.53 | 4.48 | 5.38 | |
| Financial Leverage, Industry | ||||||
| Industrials | 4.49 | 4.94 | 4.65 | 4.52 | 5.49 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 74,083 ÷ 12,675 = 5.84
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | United Airlines Holdings Inc. financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024. |
Interest Coverage
United Airlines Holdings Inc., interest coverage calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) | 3,149) | 2,618) | 737) | (1,964) | (7,069) | |
| Add: Income tax expense | 1,019) | 769) | 253) | (593) | (1,753) | |
| Add: Interest expense, net of interest capitalized | 1,402) | 1,774) | 1,673) | 1,577) | 992) | |
| Earnings before interest and tax (EBIT) | 5,570) | 5,161) | 2,663) | (980) | (7,830) | |
| Solvency Ratio | ||||||
| Interest coverage1 | 3.97 | 2.91 | 1.59 | -0.62 | -7.89 | |
| Benchmarks | ||||||
| Interest Coverage, Competitors2 | ||||||
| FedEx Corp. | 8.83 | 8.73 | 8.11 | 9.42 | 3.48 | |
| Uber Technologies Inc. | 8.81 | 4.74 | -15.49 | -1.20 | -14.24 | |
| Union Pacific Corp. | 7.93 | 7.14 | 8.14 | 8.33 | 7.12 | |
| United Parcel Service Inc. | 9.59 | 11.92 | 22.06 | 24.91 | 3.63 | |
| Interest Coverage, Sector | ||||||
| Transportation | 7.31 | 6.34 | 5.17 | 6.98 | -0.34 | |
| Interest Coverage, Industry | ||||||
| Industrials | 5.79 | 6.64 | 4.98 | 5.14 | 1.25 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Interest coverage = EBIT ÷ Interest expense
= 5,570 ÷ 1,402 = 3.97
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | United Airlines Holdings Inc. interest coverage ratio improved from 2022 to 2023 and from 2023 to 2024. |
Fixed Charge Coverage
United Airlines Holdings Inc., fixed charge coverage calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) | 3,149) | 2,618) | 737) | (1,964) | (7,069) | |
| Add: Income tax expense | 1,019) | 769) | 253) | (593) | (1,753) | |
| Add: Interest expense, net of interest capitalized | 1,402) | 1,774) | 1,673) | 1,577) | 992) | |
| Earnings before interest and tax (EBIT) | 5,570) | 5,161) | 2,663) | (980) | (7,830) | |
| Add: Operating lease cost | 855) | 925) | 941) | 958) | 933) | |
| Earnings before fixed charges and tax | 6,425) | 6,086) | 3,604) | (22) | (6,897) | |
| Interest expense, net of interest capitalized | 1,402) | 1,774) | 1,673) | 1,577) | 992) | |
| Operating lease cost | 855) | 925) | 941) | 958) | 933) | |
| Fixed charges | 2,257) | 2,699) | 2,614) | 2,535) | 1,925) | |
| Solvency Ratio | ||||||
| Fixed charge coverage1 | 2.85 | 2.25 | 1.38 | -0.01 | -3.58 | |
| Benchmarks | ||||||
| Fixed Charge Coverage, Competitors2 | ||||||
| FedEx Corp. | 2.43 | 2.34 | 2.29 | 2.83 | 1.50 | |
| Uber Technologies Inc. | 6.00 | 3.48 | -9.72 | -0.36 | -6.43 | |
| Union Pacific Corp. | 6.47 | 5.82 | 6.64 | 6.81 | 5.79 | |
| United Parcel Service Inc. | 5.19 | 6.21 | 11.30 | 12.66 | 2.31 | |
| Fixed Charge Coverage, Sector | ||||||
| Transportation | 3.88 | 3.54 | 2.98 | 3.86 | 0.41 | |
| Fixed Charge Coverage, Industry | ||||||
| Industrials | 3.96 | 4.32 | 3.30 | 3.44 | 1.12 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 6,425 ÷ 2,257 = 2.85
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | United Airlines Holdings Inc. fixed charge coverage ratio improved from 2022 to 2023 and from 2023 to 2024. |