Total Debt (Carrying Amount)
Based on: 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).
Debt item | Description | The company |
---|---|---|
Total long-term debt and finance leases (carrying amount) | Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. | United Airlines Holdings Inc. total debt increased from 2020 to 2021 but then slightly decreased from 2021 to 2022. |
Total Debt (Fair Value)
Dec 31, 2022 | |
---|---|
Selected Financial Data (US$ in millions) | |
Long-term debt, including current portion | 29,371) |
Finance leases | 219) |
Total long-term debt and finance leases (fair value) | 29,590) |
Financial Ratio | |
Debt, fair value to carrying amount ratio | 0.94 |
Based on: 10-K (reporting date: 2022-12-31).
Weighted-average Interest Rate on Debt
Weighted-average interest rate on debt and finance leases: 6.21%
Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
---|---|---|---|
6.48% | 12,262) | 795) | |
6.50% | 3,420) | 222) | |
10.00% | 2,700) | 270) | |
4.63% | 4,000) | 185) | |
8.11% | 4,913) | 398) | |
5.00% | 596) | 30) | |
1.00% | 3,181) | 32) | |
5.75% | 508) | 29) | |
6.40% | 219) | 14) | |
Total | 31,799) | 1,975) | |
6.21% |
Based on: 10-K (reporting date: 2022-12-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × 1,975 ÷ 31,799 = 6.21%
Interest Costs Incurred
Based on: 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).
Debt item | Description | The company |
---|---|---|
Interest expense, net of interest capitalized | Amount of the cost of borrowed funds accounted for as interest expense for debt. | United Airlines Holdings Inc. interest expense, net of interest capitalized increased from 2020 to 2021 and from 2021 to 2022. |
Interest capitalized | Amount of interest costs capitalized disclosed as an adjusting item to interest costs incurred. | United Airlines Holdings Inc. interest capitalized increased from 2020 to 2021 and from 2021 to 2022. |
Interest expense | Total interest costs incurred during the period and either capitalized or charged against earnings. | United Airlines Holdings Inc. interest expense increased from 2020 to 2021 and from 2021 to 2022. |
Adjusted Interest Coverage Ratio
Based on: 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).
2022 Calculations
1 Interest coverage ratio (without capitalized interest) = EBIT ÷ Interest expense, net of interest capitalized
= 2,663 ÷ 1,673 = 1.59
2 Adjusted interest coverage ratio (with capitalized interest) = EBIT ÷ Interest expense
= 2,663 ÷ 1,778 = 1.50
Solvency ratio | Description | The company |
---|---|---|
Adjusted interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments (including capitalized interest). | United Airlines Holdings Inc. adjusted interest coverage ratio improved from 2020 to 2021 and from 2021 to 2022. |