Stock Analysis on Net

Delta Air Lines Inc. (NYSE:DAL)

$22.49

This company has been moved to the archive! The financial data has not been updated since July 13, 2022.

Current Ratio
since 2007

Microsoft Excel

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Calculation

Delta Air Lines Inc., current ratio, long-term trends, calculation

Microsoft Excel

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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31).

1 US$ in millions


The analysis of the financial data over the period from 2007 to 2021 reveals several notable trends with respect to current assets, current liabilities, and the current ratio.

Current Assets
Current assets exhibited volatility throughout the period. Initially, there was a marked increase from 5,240 million USD in 2007 to 8,904 million USD in 2008, followed by a general decline until 2011. From 2011 to 2014, an upward trend is observable, peaking at 12,465 million USD in 2014. Subsequently, current assets fluctuated, experiencing a notable rise in 2020 to 17,404 million USD before slightly declining to 15,940 million USD in 2021. This pattern indicates periods of growth interspersed with contraction, possibly reflecting operational or market conditions affecting liquid resources.
Current Liabilities
Current liabilities consistently increased over most of the timeframe. Starting at 6,605 million USD in 2007, liabilities rose every year with only minor fluctuations. Notably, the level reached 20,204 million USD in 2020, followed by an increase to 20,966 million USD in 2021. This persistent upward trend suggests increasing short-term obligations which may impact liquidity and operational flexibility.
Current Ratio
The current ratio, which reflects short-term liquidity, declined significantly from 0.79 in 2007 to a low of 0.34 in 2018, indicating a weakening ability to cover current liabilities with current assets. Despite a slight improvement to 0.41 in 2019 and a substantial increase to 1.09 in 2020, the ratio decreased again to 0.76 in 2021. The sharp increase in 2020 may be related to extraordinary factors affecting asset and liability balances during that year, but overall, the ratio indicates the company generally operated with current liabilities exceeding current assets over most years.

In summary, the company experienced growing current liabilities throughout the period, with more volatile current assets. The current ratio remained below 1 for most years, suggesting potential liquidity challenges except for the notable improvement in 2020. This indicates a need for careful management of short-term assets and liabilities to maintain financial stability.


Comparison to Competitors

Delta Air Lines Inc., current ratio, long-term trends, comparison to competitors

Microsoft Excel

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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31).


Comparison to Sector (Transportation)

Delta Air Lines Inc., current ratio, long-term trends, comparison to sector (transportation)

Microsoft Excel

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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31).


Comparison to Industry (Industrials)

Delta Air Lines Inc., current ratio, long-term trends, comparison to industry (industrials)

Microsoft Excel

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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31).