Southwest Airlines Debt to Equity Ratio 2012-2026 | LUV
Current and historical debt to equity ratio values for Southwest Airlines (LUV) over the last 10 years. The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. Southwest Airlines debt/equity for the three months ending June 30, 2026 was 0.54.
| Southwest Airlines Debt/Equity Ratio Historical Data | |||
|---|---|---|---|
| Date | Long Term Debt | Shareholder's Equity | Debt to Equity Ratio |
| 2026-06-30 | $23.04B | $7.08B | 3.25 |
| 2026-03-31 | $22.48B | $6.88B | 3.27 |
| 2025-12-31 | $21.08B | $7.98B | 2.64 |
| 2025-09-30 | $20.54B | $7.78B | 2.64 |
| 2025-06-30 | $20.71B | $8.00B | 2.59 |
| 2025-03-31 | $23.85B | $9.37B | 2.55 |
| 2024-12-31 | $23.40B | $10.35B | 2.26 |
| 2024-09-30 | $24.44B | $10.41B | 2.35 |
| 2024-06-30 | $25.10B | $10.47B | 2.40 |
| 2024-03-31 | $25.82B | $10.20B | 2.53 |
| 2023-12-31 | $25.97B | $10.52B | 2.47 |
| 2023-09-30 | $25.93B | $11.05B | 2.35 |
| 2023-06-30 | $25.73B | $10.79B | 2.39 |
| 2023-03-31 | $25.24B | $10.30B | 2.45 |
| 2022-12-31 | $24.68B | $10.69B | 2.31 |
| 2022-09-30 | $25.02B | $10.92B | 2.29 |
| 2022-06-30 | $27.18B | $11.12B | 2.44 |
| 2022-03-31 | $26.85B | $10.42B | 2.58 |
| 2021-12-31 | $25.91B | $10.41B | 2.49 |
| 2021-09-30 | $26.86B | $10.25B | 2.62 |
| 2021-06-30 | $28.52B | $9.69B | 2.94 |
| 2021-03-31 | $26.40B | $9.09B | 2.90 |
| 2020-12-31 | $25.71B | $8.88B | 2.90 |
| 2020-09-30 | $25.84B | $9.77B | 2.65 |
| 2020-06-30 | $24.72B | $10.88B | 2.27 |
| 2020-03-31 | $17.81B | $9.08B | 1.96 |
| 2019-12-31 | $16.06B | $9.83B | 1.63 |
| 2019-09-30 | $16.54B | $9.93B | 1.67 |
| 2019-06-30 | $16.43B | $9.94B | 1.65 |
| 2019-03-31 | $16.67B | $9.79B | 1.70 |
| 2018-12-31 | $16.39B | $9.85B | 1.66 |
| 2018-09-30 | $16.73B | $10.15B | 1.65 |
| 2018-06-30 | $16.47B | $10.00B | 1.65 |
| 2018-03-31 | $15.88B | $9.62B | 1.65 |
| 2017-12-31 | $15.47B | $9.64B | 1.61 |
| 2017-09-30 | $15.45B | $8.80B | 1.76 |
| 2017-06-30 | $15.39B | $8.53B | 1.80 |
| 2017-03-31 | $15.56B | $8.20B | 1.90 |
| 2016-12-31 | $14.85B | $8.44B | 1.76 |
| 2016-09-30 | $15.00B | $8.05B | 1.86 |
| 2016-06-30 | $14.63B | $7.82B | 1.87 |
| 2016-03-31 | $14.75B | $7.50B | 1.97 |
| 2015-12-31 | $13.95B | $7.36B | 1.90 |
| 2015-09-30 | $14.19B | $6.97B | 2.04 |
| 2015-06-30 | $13.92B | $7.16B | 1.94 |
| 2015-03-31 | $14.26B | $6.90B | 2.07 |
| 2014-12-31 | $12.95B | $6.78B | 1.91 |
| 2014-09-30 | $13.11B | $7.43B | 1.77 |
| 2014-06-30 | $13.38B | $7.52B | 1.78 |
| 2014-03-31 | $12.79B | $7.19B | 1.78 |
| 2013-12-31 | $12.01B | $7.34B | 1.64 |
| 2013-09-30 | $12.35B | $7.01B | 1.76 |
| 2013-06-30 | $12.60B | $6.78B | 1.86 |
| 2013-03-31 | $12.24B | $6.96B | 1.76 |
| 2012-12-31 | $11.60B | $6.99B | 1.66 |
| 2012-09-30 | $11.81B | $7.00B | 1.69 |
| 2012-06-30 | $11.68B | $6.84B | 1.71 |
| 2012-03-31 | $11.73B | $7.10B | 1.65 |
| 2011-12-31 | $11.19B | $6.88B | 1.63 |
| 2011-09-30 | $11.40B | $6.49B | 1.76 |
| 2011-06-30 | $11.74B | $7.20B | 1.63 |
| 2011-03-31 | $9.83B | $6.59B | 1.49 |
| 2010-12-31 | $9.23B | $6.24B | 1.48 |
| 2010-09-30 | $9.19B | $5.95B | 1.55 |
| 2010-06-30 | $9.44B | $5.55B | 1.70 |
| 2010-03-31 | $8.99B | $5.54B | 1.62 |
| 2009-12-31 | $8.82B | $5.45B | 1.62 |
| 2009-09-30 | $8.88B | $5.22B | 1.70 |
| 2009-06-30 | $8.88B | $5.15B | 1.73 |
| 2009-03-31 | $9.25B | $4.93B | 1.88 |
| 2008-12-31 | $9.12B | $4.95B | 1.84 |
| 2008-09-30 | $11.11B | $7.06B | 1.57 |
| 2008-06-30 | $14.53B | $8.73B | 1.67 |
| 2008-03-31 | $10.85B | $7.19B | 1.51 |
| 2007-12-31 | $9.83B | $6.94B | 1.42 |
| 2007-09-30 | $8.26B | $6.27B | 1.32 |
| 2007-06-30 | $8.43B | $6.43B | 1.31 |
| 2007-03-31 | $7.68B | $6.55B | 1.17 |
| 2006-12-31 | $7.01B | $6.45B | 1.09 |
| 2006-09-30 | $7.46B | $6.62B | 1.13 |
| 2006-06-30 | $8.39B | $6.95B | 1.21 |
| 2006-03-31 | $7.96B | $6.77B | 1.18 |
| 2005-12-31 | $7.33B | $6.68B | 1.10 |
| 2005-09-30 | $7.99B | $6.76B | 1.18 |
| 2005-06-30 | $7.46B | $6.32B | 1.18 |
| 2005-03-31 | $7.14B | $6.12B | 1.17 |
| 2004-12-31 | $5.81B | $5.52B | 1.05 |
| 2004-09-30 | $6.23B | $5.50B | 1.13 |
| 2004-06-30 | $5.56B | $5.25B | 1.06 |
| 2004-03-31 | $5.25B | $5.03B | 1.04 |
| 2003-12-31 | $4.83B | $5.05B | 0.96 |
| 2003-09-30 | $4.83B | $4.87B | 0.99 |
| 2003-06-30 | $4.90B | $4.74B | 1.04 |
| 2003-03-31 | $4.65B | $4.46B | 1.04 |
| 2002-12-31 | $4.53B | $4.42B | 1.03 |
| 2002-09-30 | $4.63B | $4.32B | 1.07 |
| 2002-06-30 | $4.82B | $4.22B | 1.14 |
| 2002-03-31 | $4.86B | $4.11B | 1.18 |
| 2001-12-31 | $4.98B | $4.01B | 1.24 |
| 2001-09-30 | $4.05B | $3.95B | 1.02 |
| 2001-06-30 | $3.65B | $3.82B | 0.95 |
| 2001-03-31 | $3.42B | $3.64B | 0.94 |
| 2000-12-31 | $3.22B | $3.45B | 0.93 |
| 2000-09-30 | $3.24B | $3.21B | 1.01 |
| 2000-06-30 | $3.25B | $3.01B | 1.08 |
| 2000-03-31 | $3.13B | $2.81B | 1.11 |
| 1999-12-31 | $2.82B | $2.84B | 0.99 |
| 1999-09-30 | $2.52B | $2.80B | 0.90 |
| 1999-06-30 | $2.61B | $2.67B | 0.98 |
| 1999-03-31 | $2.46B | $2.51B | 0.98 |
| 1998-12-31 | $2.32B | $2.40B | 0.97 |
| 1998-09-30 | $2.32B | $2.27B | 1.02 |
| 1998-06-30 | $2.34B | $2.23B | 1.05 |
| 1998-03-31 | $2.24B | $2.10B | 1.07 |
| 1997-12-31 | $2.24B | $2.01B | 1.11 |
| 1997-09-30 | $2.24B | $1.91B | 1.17 |
| 1997-06-30 | $2.24B | $1.80B | 1.25 |
| 1997-03-31 | $2.16B | $1.70B | 1.27 |
| 1996-12-31 | $2.08B | $1.65B | 1.26 |
| 1996-09-30 | $2.00B | $1.62B | 1.24 |
| 1996-06-30 | $2.02B | $1.55B | 1.30 |
| 1996-03-31 | $1.90B | $1.47B | 1.30 |
| 1995-12-31 | $1.83B | $1.43B | 1.28 |
| 1995-09-30 | $1.87B | $1.38B | 1.35 |
| 1995-06-30 | $1.88B | $1.31B | 1.43 |
| 1995-03-31 | $1.76B | $1.25B | 1.40 |
| 1994-12-31 | $1.58B | $1.24B | 1.28 |
| 1994-09-30 | $1.61B | $1.22B | 1.32 |
| 1994-06-30 | $1.56B | $1.16B | 1.35 |
| 1994-03-31 | $1.53B | $1.10B | 1.40 |
| 1993-12-31 | $1.52B | $1.05B | 1.44 |
| 1993-09-30 | $1.41B | $0.98B | 1.44 |
| 1993-06-30 | $1.41B | $0.94B | 1.51 |
| 1993-03-31 | $1.38B | $0.89B | 1.55 |
| 1992-12-31 | $1.49B | $0.88B | 1.69 |
| 1992-09-30 | $1.40B | $0.83B | 1.69 |
| 1992-06-30 | $1.30B | $0.80B | 1.62 |
| 1992-03-31 | $1.26B | $0.78B | 1.62 |
| 1991-12-31 | $1.21B | $0.63B | 1.92 |
| 1991-09-30 | $1.12B | $0.62B | 1.80 |
| 1991-06-30 | $0.99B | $0.61B | 1.64 |
| 1991-03-31 | $0.96B | $0.60B | 1.61 |
| 1990-12-31 | $0.87B | $0.61B | 1.43 |
| 1990-09-30 | $0.88B | $0.61B | 1.44 |
| 1990-06-30 | $0.86B | $0.59B | 1.44 |
| 1990-03-31 | $0.84B | $0.58B | 1.44 |
| 1989-12-31 | $0.83B | $0.59B | 1.41 |
| 1989-09-30 | $0.82B | $0.60B | 1.37 |
| 1989-06-30 | $0.80B | $0.57B | 1.39 |
| 1989-03-31 | $0.78B | $0.56B | 1.40 |
| 1988-12-31 | $0.74B | $0.57B | 1.31 |
| 1988-09-30 | $0.72B | $0.55B | 1.30 |
| 1988-06-30 | $0.54B | $0.53B | 1.03 |
| 1988-03-31 | $0.52B | $0.51B | 1.01 |
| 1987-12-31 | $0.53B | $0.51B | 1.03 |
| 1987-09-30 | $0.52B | $0.52B | 1.01 |
| 1987-06-30 | $0.60B | $0.50B | 1.20 |
| 1987-03-31 | $0.57B | $0.50B | 1.14 |
| 1986-12-31 | $0.55B | $0.51B | 1.07 |
| Sector | Industry | Market Cap | Revenue |
|---|---|---|---|
| Transportation | Transportation - Airlines | $20.048B | $28.063B |
| Southwest Airlines is a passenger airline that provides scheduled air transportation in the United States. Southwest Airlines provides short-haul, high frequency, point-to-point and low-fare services. The company's point-to-point route structure includes services to and from many secondary or downtown airports such as Dallas Love Field, Houston Hobby, Chicago Midway, Baltimore-Washington International and Ft. Lauderdale-Hollywood. The company also offers long-haul nonstop service between markets like Oakland and Orlando, Los Angeles and Nashville, Las Vegas and Orlando, San Diego and Baltimore, Houston and New York LaGuardia, Los Angeles and Tampa, Oakland and Baltimore, San Diego and Newark. | |||
| Stock Name | Country | Market Cap | PE Ratio |
|---|---|---|---|
| Delta Air Lines (DAL) | United States | $52.360B | 14.58 |
| United Airlines Holdings Inc (UAL) | United States | $35.286B | 12.00 |
| Ryanair Holdings (RYAAY) | Ireland | $27.738B | 12.30 |
| International Consolidated Airlines Group SA (ICAGY) | Spain | $24.717B | 2.85 |
| LATAM Airlines Group S.A (LTM) | Chile | $14.686B | 9.17 |
| Cathay Pacific Airways (CPCAY) | Hong Kong, SAR China | $12.238B | 0.00 |
| Deutsche Lufthansa AG (DLAKY) | Germany | $10.530B | 12.88 |
| ANA Holdings (ALNPY) | Japan | $9.490B | 9.69 |
| American Airlines Group (AAL) | United States | $8.579B | 0.00 |
| Japan Airlines (JAPSY) | Japan | $8.422B | 11.46 |
| Air China (AIRYY) | China | $8.334B | 29.85 |
| Easyjet (EJTTF) | United Kingdom | $6.739B | 0.00 |
| Air Canada (ACDVF) | Canada | $5.668B | 15.92 |
| Copa Holdings, S.A (CPA) | Panama | $5.419B | 8.66 |
| Alaska Air (ALK) | United States | $4.517B | 0.00 |
| Flughafen Wien AG (VIAAY) | Austria | $4.351B | 19.36 |
| Corporacion America Airports S.A (CAAP) | Luxembourg | $3.902B | 13.27 |
| SkyWest (SKYW) | United States | $3.742B | 9.86 |
| Air France-KLM SA (AFLYY) | France | $3.285B | 2.66 |
| Allegiant Travel (ALGT) | United States | $2.137B | 11.61 |
| JetBlue Airways (JBLU) | United States | $1.649B | 0.00 |
| Frontiers (ULCC) | United States | $1.340B | 0.00 |
| Bristow Group (VTOL) | United States | $1.237B | 12.03 |
| Azul S.A - (AZUL) | Brazil | $1.179B | 0.00 |
| Sun Country Airlines Holdings (SNCY) | United States | $0.939B | 17.50 |
| Republic Airways Holdings (RJET) | United States | $0.828B | 8.48 |
| Controladora Vuela Compania De Aviacion, S.A.B De C.V (VLRS) | Mexico | $0.760B | 0.00 |
| XCF Global Capital (SAFX) | United States | $0.194B | 0.00 |
| Harbor Diversified (HRBR) | United States | $0.157B | 0.00 |
| Surf Air Mobility (SRFM) | United States | $0.086B | 0.00 |
| China Southern Airlines (ZNH) | China | $0.000B | 0.00 |
| China Eastern Airlines (CEA) | China | $0.000B | 0.00 |