Analysis of Debt
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- Statement of Comprehensive Income
- Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value (EV)
- Dividend Discount Model (DDM)
- Price to Operating Profit (P/OP) since 2007
- Price to Book Value (P/BV) since 2007
- Price to Sales (P/S) since 2007
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Total Debt (Carrying Amount)
Delta Air Lines Inc., balance sheet: debt
US$ in millions
Based on: 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).
- Current maturities of debt and finance leases
- The values show a fluctuating pattern over the five-year period. Starting at 2,242 million USD in 2017, there is a decrease to 1,518 million USD in 2018, followed by an increase to 2,287 million USD in 2019. Subsequently, there is a decline to 1,732 million USD in 2020, and a slight rise to 1,782 million USD in 2021. Overall, the current maturities remain near the 1,500 to 2,300 million USD range without a consistent upward or downward trend.
- Debt and finance leases, excluding current maturities
- This category exhibits a substantial increase particularly from 2019 onwards. The debt rises steadily from 6,592 million USD in 2017 to 8,253 million USD in 2018 and then to 8,873 million USD in 2019. Thereafter, there is a sharp jump to 27,425 million USD in 2020, maintaining a high level with a decrease to 25,138 million USD in 2021. This indicates a significant increase in long-term debt starting in 2020, likely reflective of financing activities or refinancing strategies during that period.
- Total debt and finance leases (carrying amount)
- The total debt combines the previous elements and mirrors their combined trends. Total debt increments gradually from 8,834 million USD in 2017 to 9,771 million USD in 2018 and further to 11,160 million USD in 2019. In 2020, there is a pronounced surge to 29,157 million USD, followed by a moderate decline to 26,920 million USD in 2021. This pattern highlights a major increase in overall indebtedness beginning in 2020, consistent with the rise in long-term debt, while the current maturities remain relatively stable.
Total Debt (Fair Value)
| Dec 31, 2021 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Debt | |
| Finance leases | |
| Total debt and finance leases (fair value) | |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | |
Based on: 10-K (reporting date: 2021-12-31).
Weighted-average Interest Rate on Debt
Weighted-average interest rate on debt and finance leases:
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| Total | |||
Based on: 10-K (reporting date: 2021-12-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × ÷ =