Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Delta Air Lines Inc., solvency ratios (quarterly data)
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Delta Air Lines Inc. debt to equity ratio deteriorated from Q4 2021 to Q1 2022 but then improved from Q1 2022 to Q2 2022 exceeding Q4 2021 level. |
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Delta Air Lines Inc. debt to equity ratio (including operating lease liability) deteriorated from Q4 2021 to Q1 2022 but then improved from Q1 2022 to Q2 2022 exceeding Q4 2021 level. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Delta Air Lines Inc. debt to capital ratio deteriorated from Q4 2021 to Q1 2022 but then improved from Q1 2022 to Q2 2022 exceeding Q4 2021 level. |
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Delta Air Lines Inc. debt to capital ratio (including operating lease liability) deteriorated from Q4 2021 to Q1 2022 but then improved from Q1 2022 to Q2 2022 exceeding Q4 2021 level. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Delta Air Lines Inc. debt to assets ratio improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022. |
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Delta Air Lines Inc. debt to assets ratio (including operating lease liability) improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Delta Air Lines Inc. financial leverage ratio increased from Q4 2021 to Q1 2022 but then slightly decreased from Q1 2022 to Q2 2022 not reaching Q4 2021 level. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Delta Air Lines Inc. interest coverage ratio improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022. |
Debt to Equity
Delta Air Lines Inc., debt to equity calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current maturities of debt and finance leases | 1,936) | 1,116) | 1,782) | 2,296) | 2,372) | 2,983) | 1,732) | 5,045) | 5,230) | 4,337) | 2,287) | 2,196) | 2,281) | 3,055) | 1,518) | 1,176) | 1,342) | 2,289) | 2,242) | 1,224) | 1,098) | 1,040) | |||||||
| Debt and finance leases, excluding current maturities | 22,903) | 24,441) | 25,138) | 25,523) | 26,679) | 26,061) | 27,425) | 29,825) | 19,412) | 12,662) | 8,873) | 7,923) | 7,710) | 7,710) | 8,253) | 8,115) | 8,562) | 6,360) | 6,592) | 7,584) | 7,916) | 8,187) | |||||||
| Total debt | 24,839) | 25,557) | 26,920) | 27,819) | 29,051) | 29,044) | 29,157) | 34,870) | 24,642) | 16,999) | 11,160) | 10,119) | 9,991) | 10,765) | 9,771) | 9,291) | 9,904) | 8,649) | 8,834) | 8,808) | 9,014) | 9,227) | |||||||
| Stockholders’ equity | 3,811) | 2,991) | 3,887) | 2,606) | 1,281) | 482) | 1,534) | 3,357) | 8,690) | 14,309) | 15,358) | 15,068) | 13,958) | 12,911) | 13,687) | 13,704) | 12,856) | 12,557) | 13,910) | 14,001) | 13,479) | 12,945) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to equity1 | 6.52 | 8.54 | 6.93 | 10.67 | 22.68 | 60.26 | 19.01 | 10.39 | 2.84 | 1.19 | 0.73 | 0.67 | 0.72 | 0.83 | 0.71 | 0.68 | 0.77 | 0.69 | 0.64 | 0.63 | 0.67 | 0.71 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | |||||||||||||||||||||||||||||
| FedEx Corp. | 0.82 | 0.85 | 0.86 | 1.07 | 1.11 | 1.20 | 1.20 | 1.03 | 1.01 | 1.03 | 0.99 | 0.93 | 0.90 | 0.88 | — | — | — | — | — | — | — | — | |||||||
| Uber Technologies Inc. | 1.39 | 1.04 | 0.64 | 0.67 | 0.55 | 0.57 | 0.62 | 0.75 | 0.70 | 0.50 | 0.40 | 0.38 | 0.28 | — | — | — | — | — | — | — | — | — | |||||||
| Union Pacific Corp. | 2.52 | 2.71 | 2.10 | 2.11 | 2.01 | 1.64 | 1.58 | 1.63 | 1.73 | 1.74 | 1.39 | 1.43 | 1.39 | 1.42 | — | — | — | — | — | — | — | — | |||||||
| United Parcel Service Inc. | 1.26 | 1.42 | 1.54 | 1.84 | 2.09 | 3.32 | 37.53 | 4.60 | 6.18 | 8.67 | 7.73 | 4.30 | 5.31 | 6.68 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 24,839 ÷ 3,811 = 6.52
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. | Delta Air Lines Inc. debt to equity ratio deteriorated from Q4 2021 to Q1 2022 but then improved from Q1 2022 to Q2 2022 exceeding Q4 2021 level. |
Debt to Equity (including Operating Lease Liability)
Delta Air Lines Inc., debt to equity (including operating lease liability) calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current maturities of debt and finance leases | 1,936) | 1,116) | 1,782) | 2,296) | 2,372) | 2,983) | 1,732) | 5,045) | 5,230) | 4,337) | 2,287) | 2,196) | 2,281) | 3,055) | 1,518) | 1,176) | 1,342) | 2,289) | 2,242) | 1,224) | 1,098) | 1,040) | |||||||
| Debt and finance leases, excluding current maturities | 22,903) | 24,441) | 25,138) | 25,523) | 26,679) | 26,061) | 27,425) | 29,825) | 19,412) | 12,662) | 8,873) | 7,923) | 7,710) | 7,710) | 8,253) | 8,115) | 8,562) | 6,360) | 6,592) | 7,584) | 7,916) | 8,187) | |||||||
| Total debt | 24,839) | 25,557) | 26,920) | 27,819) | 29,051) | 29,044) | 29,157) | 34,870) | 24,642) | 16,999) | 11,160) | 10,119) | 9,991) | 10,765) | 9,771) | 9,291) | 9,904) | 8,649) | 8,834) | 8,808) | 9,014) | 9,227) | |||||||
| Current maturities of operating leases | 726) | 744) | 703) | 636) | 638) | 653) | 678) | 714) | 732) | 768) | 801) | 844) | 841) | 941) | 955) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Noncurrent operating leases | 7,006) | 7,199) | 7,056) | 5,742) | 5,633) | 5,568) | 5,713) | 5,856) | 5,371) | 5,204) | 5,294) | 5,441) | 5,539) | 5,805) | 5,801) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Total debt (including operating lease liability) | 32,571) | 33,500) | 34,679) | 34,197) | 35,322) | 35,265) | 35,548) | 41,440) | 30,745) | 22,971) | 17,255) | 16,404) | 16,371) | 17,511) | 16,527) | 9,291) | 9,904) | 8,649) | 8,834) | 8,808) | 9,014) | 9,227) | |||||||
| Stockholders’ equity | 3,811) | 2,991) | 3,887) | 2,606) | 1,281) | 482) | 1,534) | 3,357) | 8,690) | 14,309) | 15,358) | 15,068) | 13,958) | 12,911) | 13,687) | 13,704) | 12,856) | 12,557) | 13,910) | 14,001) | 13,479) | 12,945) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to equity (including operating lease liability)1 | 8.55 | 11.20 | 8.92 | 13.12 | 27.57 | 73.16 | 23.17 | 12.34 | 3.54 | 1.61 | 1.12 | 1.09 | 1.17 | 1.36 | 1.21 | 0.68 | 0.77 | 0.69 | 0.64 | 0.63 | 0.67 | 0.71 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||
| FedEx Corp. | 1.48 | 1.49 | 1.51 | 1.75 | 1.83 | 1.95 | 1.97 | 1.78 | 1.78 | 1.81 | 0.99 | 0.93 | 0.90 | 0.88 | — | — | — | — | — | — | — | — | |||||||
| Uber Technologies Inc. | 1.68 | 1.25 | 0.77 | 0.78 | 0.67 | 0.70 | 0.76 | 0.94 | 0.88 | 0.65 | 0.52 | 0.49 | 0.38 | — | — | — | — | — | — | — | — | — | |||||||
| Union Pacific Corp. | 2.62 | 2.82 | 2.20 | 2.20 | 2.10 | 1.71 | 1.65 | 1.71 | 1.81 | 1.83 | 1.47 | 1.51 | 1.48 | 1.51 | — | — | — | — | — | — | — | — | |||||||
| United Parcel Service Inc. | 1.48 | 1.65 | 1.79 | 2.13 | 2.42 | 3.75 | 42.24 | 5.14 | 6.86 | 9.58 | 8.62 | 4.76 | 5.88 | 7.43 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 32,571 ÷ 3,811 = 8.55
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Delta Air Lines Inc. debt to equity ratio (including operating lease liability) deteriorated from Q4 2021 to Q1 2022 but then improved from Q1 2022 to Q2 2022 exceeding Q4 2021 level. |
Debt to Capital
Delta Air Lines Inc., debt to capital calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current maturities of debt and finance leases | 1,936) | 1,116) | 1,782) | 2,296) | 2,372) | 2,983) | 1,732) | 5,045) | 5,230) | 4,337) | 2,287) | 2,196) | 2,281) | 3,055) | 1,518) | 1,176) | 1,342) | 2,289) | 2,242) | 1,224) | 1,098) | 1,040) | |||||||
| Debt and finance leases, excluding current maturities | 22,903) | 24,441) | 25,138) | 25,523) | 26,679) | 26,061) | 27,425) | 29,825) | 19,412) | 12,662) | 8,873) | 7,923) | 7,710) | 7,710) | 8,253) | 8,115) | 8,562) | 6,360) | 6,592) | 7,584) | 7,916) | 8,187) | |||||||
| Total debt | 24,839) | 25,557) | 26,920) | 27,819) | 29,051) | 29,044) | 29,157) | 34,870) | 24,642) | 16,999) | 11,160) | 10,119) | 9,991) | 10,765) | 9,771) | 9,291) | 9,904) | 8,649) | 8,834) | 8,808) | 9,014) | 9,227) | |||||||
| Stockholders’ equity | 3,811) | 2,991) | 3,887) | 2,606) | 1,281) | 482) | 1,534) | 3,357) | 8,690) | 14,309) | 15,358) | 15,068) | 13,958) | 12,911) | 13,687) | 13,704) | 12,856) | 12,557) | 13,910) | 14,001) | 13,479) | 12,945) | |||||||
| Total capital | 28,650) | 28,548) | 30,807) | 30,425) | 30,332) | 29,526) | 30,691) | 38,227) | 33,332) | 31,308) | 26,518) | 25,187) | 23,949) | 23,676) | 23,458) | 22,995) | 22,760) | 21,206) | 22,744) | 22,809) | 22,493) | 22,172) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to capital1 | 0.87 | 0.90 | 0.87 | 0.91 | 0.96 | 0.98 | 0.95 | 0.91 | 0.74 | 0.54 | 0.42 | 0.40 | 0.42 | 0.45 | 0.42 | 0.40 | 0.44 | 0.41 | 0.39 | 0.39 | 0.40 | 0.42 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | |||||||||||||||||||||||||||||
| FedEx Corp. | 0.45 | 0.46 | 0.46 | 0.52 | 0.53 | 0.54 | 0.55 | 0.51 | 0.50 | 0.51 | 0.50 | 0.48 | 0.47 | 0.47 | — | — | — | — | — | — | — | — | |||||||
| Uber Technologies Inc. | 0.58 | 0.51 | 0.39 | 0.40 | 0.35 | 0.36 | 0.38 | 0.43 | 0.41 | 0.33 | 0.29 | 0.27 | 0.22 | — | — | — | — | — | — | — | — | — | |||||||
| Union Pacific Corp. | 0.72 | 0.73 | 0.68 | 0.68 | 0.67 | 0.62 | 0.61 | 0.62 | 0.63 | 0.64 | 0.58 | 0.59 | 0.58 | 0.59 | — | — | — | — | — | — | — | — | |||||||
| United Parcel Service Inc. | 0.56 | 0.59 | 0.61 | 0.65 | 0.68 | 0.77 | 0.97 | 0.82 | 0.86 | 0.90 | 0.89 | 0.81 | 0.84 | 0.87 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 24,839 ÷ 28,650 = 0.87
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. | Delta Air Lines Inc. debt to capital ratio deteriorated from Q4 2021 to Q1 2022 but then improved from Q1 2022 to Q2 2022 exceeding Q4 2021 level. |
Debt to Capital (including Operating Lease Liability)
Delta Air Lines Inc., debt to capital (including operating lease liability) calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current maturities of debt and finance leases | 1,936) | 1,116) | 1,782) | 2,296) | 2,372) | 2,983) | 1,732) | 5,045) | 5,230) | 4,337) | 2,287) | 2,196) | 2,281) | 3,055) | 1,518) | 1,176) | 1,342) | 2,289) | 2,242) | 1,224) | 1,098) | 1,040) | |||||||
| Debt and finance leases, excluding current maturities | 22,903) | 24,441) | 25,138) | 25,523) | 26,679) | 26,061) | 27,425) | 29,825) | 19,412) | 12,662) | 8,873) | 7,923) | 7,710) | 7,710) | 8,253) | 8,115) | 8,562) | 6,360) | 6,592) | 7,584) | 7,916) | 8,187) | |||||||
| Total debt | 24,839) | 25,557) | 26,920) | 27,819) | 29,051) | 29,044) | 29,157) | 34,870) | 24,642) | 16,999) | 11,160) | 10,119) | 9,991) | 10,765) | 9,771) | 9,291) | 9,904) | 8,649) | 8,834) | 8,808) | 9,014) | 9,227) | |||||||
| Current maturities of operating leases | 726) | 744) | 703) | 636) | 638) | 653) | 678) | 714) | 732) | 768) | 801) | 844) | 841) | 941) | 955) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Noncurrent operating leases | 7,006) | 7,199) | 7,056) | 5,742) | 5,633) | 5,568) | 5,713) | 5,856) | 5,371) | 5,204) | 5,294) | 5,441) | 5,539) | 5,805) | 5,801) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Total debt (including operating lease liability) | 32,571) | 33,500) | 34,679) | 34,197) | 35,322) | 35,265) | 35,548) | 41,440) | 30,745) | 22,971) | 17,255) | 16,404) | 16,371) | 17,511) | 16,527) | 9,291) | 9,904) | 8,649) | 8,834) | 8,808) | 9,014) | 9,227) | |||||||
| Stockholders’ equity | 3,811) | 2,991) | 3,887) | 2,606) | 1,281) | 482) | 1,534) | 3,357) | 8,690) | 14,309) | 15,358) | 15,068) | 13,958) | 12,911) | 13,687) | 13,704) | 12,856) | 12,557) | 13,910) | 14,001) | 13,479) | 12,945) | |||||||
| Total capital (including operating lease liability) | 36,382) | 36,491) | 38,566) | 36,803) | 36,603) | 35,747) | 37,082) | 44,797) | 39,435) | 37,280) | 32,613) | 31,472) | 30,329) | 30,422) | 30,214) | 22,995) | 22,760) | 21,206) | 22,744) | 22,809) | 22,493) | 22,172) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to capital (including operating lease liability)1 | 0.90 | 0.92 | 0.90 | 0.93 | 0.97 | 0.99 | 0.96 | 0.93 | 0.78 | 0.62 | 0.53 | 0.52 | 0.54 | 0.58 | 0.55 | 0.40 | 0.44 | 0.41 | 0.39 | 0.39 | 0.40 | 0.42 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||
| FedEx Corp. | 0.60 | 0.60 | 0.60 | 0.64 | 0.65 | 0.66 | 0.66 | 0.64 | 0.64 | 0.64 | 0.50 | 0.48 | 0.47 | 0.47 | — | — | — | — | — | — | — | — | |||||||
| Uber Technologies Inc. | 0.63 | 0.56 | 0.43 | 0.44 | 0.40 | 0.41 | 0.43 | 0.48 | 0.47 | 0.40 | 0.34 | 0.33 | 0.27 | — | — | — | — | — | — | — | — | — | |||||||
| Union Pacific Corp. | 0.72 | 0.74 | 0.69 | 0.69 | 0.68 | 0.63 | 0.62 | 0.63 | 0.64 | 0.65 | 0.60 | 0.60 | 0.60 | 0.60 | — | — | — | — | — | — | — | — | |||||||
| United Parcel Service Inc. | 0.60 | 0.62 | 0.64 | 0.68 | 0.71 | 0.79 | 0.98 | 0.84 | 0.87 | 0.91 | 0.90 | 0.83 | 0.85 | 0.88 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 32,571 ÷ 36,382 = 0.90
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Delta Air Lines Inc. debt to capital ratio (including operating lease liability) deteriorated from Q4 2021 to Q1 2022 but then improved from Q1 2022 to Q2 2022 exceeding Q4 2021 level. |
Debt to Assets
Delta Air Lines Inc., debt to assets calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current maturities of debt and finance leases | 1,936) | 1,116) | 1,782) | 2,296) | 2,372) | 2,983) | 1,732) | 5,045) | 5,230) | 4,337) | 2,287) | 2,196) | 2,281) | 3,055) | 1,518) | 1,176) | 1,342) | 2,289) | 2,242) | 1,224) | 1,098) | 1,040) | |||||||
| Debt and finance leases, excluding current maturities | 22,903) | 24,441) | 25,138) | 25,523) | 26,679) | 26,061) | 27,425) | 29,825) | 19,412) | 12,662) | 8,873) | 7,923) | 7,710) | 7,710) | 8,253) | 8,115) | 8,562) | 6,360) | 6,592) | 7,584) | 7,916) | 8,187) | |||||||
| Total debt | 24,839) | 25,557) | 26,920) | 27,819) | 29,051) | 29,044) | 29,157) | 34,870) | 24,642) | 16,999) | 11,160) | 10,119) | 9,991) | 10,765) | 9,771) | 9,291) | 9,904) | 8,649) | 8,834) | 8,808) | 9,014) | 9,227) | |||||||
| Total assets | 74,805) | 73,748) | 72,459) | 72,783) | 75,309) | 73,083) | 71,996) | 79,076) | 72,261) | 68,738) | 64,532) | 63,219) | 62,518) | 61,841) | 60,266) | 55,003) | 55,796) | 54,078) | 53,292) | 51,928) | 51,815) | 51,459) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to assets1 | 0.33 | 0.35 | 0.37 | 0.38 | 0.39 | 0.40 | 0.40 | 0.44 | 0.34 | 0.25 | 0.17 | 0.16 | 0.16 | 0.17 | 0.16 | 0.17 | 0.18 | 0.16 | 0.17 | 0.17 | 0.17 | 0.18 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | |||||||||||||||||||||||||||||
| FedEx Corp. | 0.24 | 0.25 | 0.25 | 0.28 | 0.29 | 0.30 | 0.30 | 0.28 | 0.27 | 0.27 | 0.32 | 0.34 | 0.32 | 0.33 | — | — | — | — | — | — | — | — | |||||||
| Uber Technologies Inc. | 0.30 | 0.28 | 0.24 | 0.25 | 0.22 | 0.23 | 0.23 | 0.23 | 0.24 | 0.19 | 0.18 | 0.18 | 0.15 | 0.28 | — | — | — | — | — | — | — | — | |||||||
| Union Pacific Corp. | 0.50 | 0.50 | 0.47 | 0.47 | 0.46 | 0.43 | 0.43 | 0.44 | 0.45 | 0.45 | 0.41 | 0.42 | 0.41 | 0.41 | — | — | — | — | — | — | — | — | |||||||
| United Parcel Service Inc. | 0.29 | 0.31 | 0.32 | 0.34 | 0.35 | 0.37 | 0.40 | 0.41 | 0.43 | 0.47 | 0.44 | 0.45 | 0.44 | 0.44 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Debt to assets = Total debt ÷ Total assets
= 24,839 ÷ 74,805 = 0.33
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. | Delta Air Lines Inc. debt to assets ratio improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022. |
Debt to Assets (including Operating Lease Liability)
Delta Air Lines Inc., debt to assets (including operating lease liability) calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current maturities of debt and finance leases | 1,936) | 1,116) | 1,782) | 2,296) | 2,372) | 2,983) | 1,732) | 5,045) | 5,230) | 4,337) | 2,287) | 2,196) | 2,281) | 3,055) | 1,518) | 1,176) | 1,342) | 2,289) | 2,242) | 1,224) | 1,098) | 1,040) | |||||||
| Debt and finance leases, excluding current maturities | 22,903) | 24,441) | 25,138) | 25,523) | 26,679) | 26,061) | 27,425) | 29,825) | 19,412) | 12,662) | 8,873) | 7,923) | 7,710) | 7,710) | 8,253) | 8,115) | 8,562) | 6,360) | 6,592) | 7,584) | 7,916) | 8,187) | |||||||
| Total debt | 24,839) | 25,557) | 26,920) | 27,819) | 29,051) | 29,044) | 29,157) | 34,870) | 24,642) | 16,999) | 11,160) | 10,119) | 9,991) | 10,765) | 9,771) | 9,291) | 9,904) | 8,649) | 8,834) | 8,808) | 9,014) | 9,227) | |||||||
| Current maturities of operating leases | 726) | 744) | 703) | 636) | 638) | 653) | 678) | 714) | 732) | 768) | 801) | 844) | 841) | 941) | 955) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Noncurrent operating leases | 7,006) | 7,199) | 7,056) | 5,742) | 5,633) | 5,568) | 5,713) | 5,856) | 5,371) | 5,204) | 5,294) | 5,441) | 5,539) | 5,805) | 5,801) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Total debt (including operating lease liability) | 32,571) | 33,500) | 34,679) | 34,197) | 35,322) | 35,265) | 35,548) | 41,440) | 30,745) | 22,971) | 17,255) | 16,404) | 16,371) | 17,511) | 16,527) | 9,291) | 9,904) | 8,649) | 8,834) | 8,808) | 9,014) | 9,227) | |||||||
| Total assets | 74,805) | 73,748) | 72,459) | 72,783) | 75,309) | 73,083) | 71,996) | 79,076) | 72,261) | 68,738) | 64,532) | 63,219) | 62,518) | 61,841) | 60,266) | 55,003) | 55,796) | 54,078) | 53,292) | 51,928) | 51,815) | 51,459) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to assets (including operating lease liability)1 | 0.44 | 0.45 | 0.48 | 0.47 | 0.47 | 0.48 | 0.49 | 0.52 | 0.43 | 0.33 | 0.27 | 0.26 | 0.26 | 0.28 | 0.27 | 0.17 | 0.18 | 0.16 | 0.17 | 0.17 | 0.17 | 0.18 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||
| FedEx Corp. | 0.44 | 0.44 | 0.44 | 0.47 | 0.47 | 0.49 | 0.49 | 0.48 | 0.47 | 0.48 | 0.32 | 0.34 | 0.32 | 0.33 | — | — | — | — | — | — | — | — | |||||||
| Uber Technologies Inc. | 0.36 | 0.34 | 0.29 | 0.30 | 0.26 | 0.27 | 0.28 | 0.29 | 0.30 | 0.25 | 0.23 | 0.23 | 0.19 | 0.34 | — | — | — | — | — | — | — | — | |||||||
| Union Pacific Corp. | 0.52 | 0.52 | 0.49 | 0.49 | 0.48 | 0.45 | 0.45 | 0.46 | 0.47 | 0.47 | 0.43 | 0.44 | 0.44 | 0.44 | — | — | — | — | — | — | — | — | |||||||
| United Parcel Service Inc. | 0.34 | 0.36 | 0.37 | 0.39 | 0.40 | 0.42 | 0.44 | 0.46 | 0.48 | 0.52 | 0.49 | 0.50 | 0.49 | 0.49 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 32,571 ÷ 74,805 = 0.44
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Delta Air Lines Inc. debt to assets ratio (including operating lease liability) improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022. |
Financial Leverage
Delta Air Lines Inc., financial leverage calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Total assets | 74,805) | 73,748) | 72,459) | 72,783) | 75,309) | 73,083) | 71,996) | 79,076) | 72,261) | 68,738) | 64,532) | 63,219) | 62,518) | 61,841) | 60,266) | 55,003) | 55,796) | 54,078) | 53,292) | 51,928) | 51,815) | 51,459) | |||||||
| Stockholders’ equity | 3,811) | 2,991) | 3,887) | 2,606) | 1,281) | 482) | 1,534) | 3,357) | 8,690) | 14,309) | 15,358) | 15,068) | 13,958) | 12,911) | 13,687) | 13,704) | 12,856) | 12,557) | 13,910) | 14,001) | 13,479) | 12,945) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Financial leverage1 | 19.63 | 24.66 | 18.64 | 27.93 | 58.79 | 151.62 | 46.93 | 23.56 | 8.32 | 4.80 | 4.20 | 4.20 | 4.48 | 4.79 | 4.40 | 4.01 | 4.34 | 4.31 | 3.83 | 3.71 | 3.84 | 3.98 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | |||||||||||||||||||||||||||||
| FedEx Corp. | 3.38 | 3.37 | 3.43 | 3.77 | 3.86 | 3.99 | 4.02 | 3.72 | 3.75 | 3.77 | 3.06 | 2.74 | 2.76 | 2.71 | — | — | — | — | — | — | — | — | |||||||
| Uber Technologies Inc. | 4.66 | 3.68 | 2.68 | 2.65 | 2.56 | 2.55 | 2.71 | 3.23 | 2.96 | 2.65 | 2.24 | 2.14 | 1.95 | — | — | — | — | — | — | — | — | — | |||||||
| Union Pacific Corp. | 5.07 | 5.38 | 4.49 | 4.48 | 4.34 | 3.80 | 3.68 | 3.70 | 3.86 | 3.89 | 3.40 | 3.44 | 3.40 | 3.46 | — | — | — | — | — | — | — | — | |||||||
| United Parcel Service Inc. | 4.30 | 4.55 | 4.87 | 5.46 | 6.00 | 8.86 | 94.99 | 11.16 | 14.22 | 18.46 | 17.71 | 9.59 | 11.98 | 15.02 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 74,805 ÷ 3,811 = 19.63
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. | Delta Air Lines Inc. financial leverage ratio increased from Q4 2021 to Q1 2022 but then slightly decreased from Q1 2022 to Q2 2022 not reaching Q4 2021 level. |
Interest Coverage
Delta Air Lines Inc., interest coverage calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Net income (loss) | 735) | (940) | (407) | 1,212) | 652) | (1,177) | (755) | (5,379) | (5,717) | (534) | 1,099) | 1,495) | 1,443) | 730) | 1,020) | 1,322) | 1,036) | 557) | 572) | 1,178) | 1,224) | 603) | |||||||
| Add: Income tax expense | 298) | (260) | 12) | 320) | 124) | (338) | (352) | (1,480) | (1,297) | (73) | 299) | 452) | 464) | 216) | 325) | 366) | 350) | 175) | 518) | 627) | 667) | 312) | |||||||
| Add: Interest expense, net | 269) | 274) | 266) | 314) | 338) | 361) | 365) | 291) | 194) | 79) | 73) | 70) | 75) | 83) | 67) | 73) | 79) | 92) | 99) | 100) | 103) | 94) | |||||||
| Earnings before interest and tax (EBIT) | 1,302) | (926) | (129) | 1,846) | 1,114) | (1,154) | (742) | (6,568) | (6,820) | (528) | 1,471) | 2,017) | 1,982) | 1,029) | 1,412) | 1,761) | 1,465) | 824) | 1,189) | 1,905) | 1,994) | 1,009) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Interest coverage1 | 1.86 | 1.60 | 1.31 | 0.77 | -5.42 | -12.62 | -15.78 | -19.54 | -9.28 | 16.64 | 21.59 | 21.83 | 20.75 | 18.76 | 17.56 | 15.27 | 14.55 | 15.01 | 15.40 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | |||||||||||||||||||||||||||||
| Uber Technologies Inc. | -19.05 | -13.64 | -1.20 | -4.91 | -1.89 | -7.20 | -14.24 | -15.12 | -16.13 | -22.17 | -14.15 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Union Pacific Corp. | 8.34 | 8.53 | 8.33 | 8.05 | 7.66 | 6.91 | 7.12 | 7.20 | 7.58 | 8.28 | 8.38 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| United Parcel Service Inc. | 21.21 | 20.95 | 24.91 | 12.99 | 12.33 | 10.56 | 3.63 | 9.58 | 9.32 | 9.39 | 9.66 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Interest coverage
= (EBITQ2 2022
+ EBITQ1 2022
+ EBITQ4 2021
+ EBITQ3 2021)
÷ (Interest expenseQ2 2022
+ Interest expenseQ1 2022
+ Interest expenseQ4 2021
+ Interest expenseQ3 2021)
= (1,302 + -926 + -129 + 1,846)
÷ (269 + 274 + 266 + 314)
= 1.86
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. | Delta Air Lines Inc. interest coverage ratio improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022. |