Debt to Equity
since 2007
Calculation
Delta Air Lines Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Long-term debt and capital leases, including current maturities1 | ÷ | Stockholders’ equity (deficit)1 | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 6.93 | = | 26,920) | ÷ | 3,887) |
| Dec 31, 2020 | 19.01 | = | 29,157) | ÷ | 1,534) |
| Dec 31, 2019 | 0.73 | = | 11,160) | ÷ | 15,358) |
| Dec 31, 2018 | 0.71 | = | 9,771) | ÷ | 13,687) |
| Dec 31, 2017 | 0.64 | = | 8,834) | ÷ | 13,910) |
| Dec 31, 2016 | 0.60 | = | 7,332) | ÷ | 12,287) |
| Dec 31, 2015 | 0.77 | = | 8,329) | ÷ | 10,850) |
| Dec 31, 2014 | 1.11 | = | 9,777) | ÷ | 8,813) |
| Dec 31, 2013 | 0.97 | = | 11,342) | ÷ | 11,643) |
| Dec 31, 2012 | — | = | 12,709) | ÷ | (2,131) |
| Dec 31, 2011 | — | = | 13,791) | ÷ | (1,396) |
| Dec 31, 2010 | 17.00 | = | 15,252) | ÷ | 897) |
| Dec 31, 2009 | 70.20 | = | 17,198) | ÷ | 245) |
| Dec 31, 2008 | 18.96 | = | 16,571) | ÷ | 874) |
| Dec 31, 2007 | 0.92 | = | 9,295) | ÷ | 10,113) |
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
Comparison to Competitors
Delta Air Lines Inc., debt to equity, long-term trends, comparison to competitors
| Delta Air Lines Inc. | FedEx Corp. | Uber Technologies Inc. | Union Pacific Corp. | United Parcel Service Inc. | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 6.93 | 0.86 | 0.64 | 2.10 | 1.54 |
| Dec 31, 2020 | 19.01 | 1.20 | 0.62 | 1.58 | 37.53 |
| Dec 31, 2019 | 0.73 | 0.99 | 0.40 | 1.39 | 7.73 |
| Dec 31, 2018 | 0.71 | 0.85 | — | 1.10 | 7.53 |
| Dec 31, 2017 | 0.64 | 0.93 | — | 0.68 | 24.29 |
| Dec 31, 2016 | 0.60 | 1.01 | — | 0.75 | 39.69 |
| Dec 31, 2015 | 0.77 | 0.48 | — | 0.69 | 5.80 |
| Dec 31, 2014 | 1.11 | 0.31 | — | 0.54 | 5.04 |
| Dec 31, 2013 | 0.97 | 0.17 | — | 0.45 | 1.68 |
| Dec 31, 2012 | — | 0.11 | — | 0.45 | 2.77 |
| Dec 31, 2011 | — | 0.11 | — | 0.48 | 1.58 |
| Dec 31, 2010 | 17.00 | 0.14 | — | 0.52 | 1.36 |
| Dec 31, 2009 | 70.20 | 0.19 | — | 0.58 | 1.25 |
| Dec 31, 2008 | 18.96 | 0.14 | — | 0.58 | 1.46 |
| Dec 31, 2007 | 0.92 | 0.21 | — | 0.49 | 0.90 |
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., debt to equity, long-term trends, comparison to sector (transportation)
| Delta Air Lines Inc. | Transportation | |
|---|---|---|
| Dec 31, 2021 | 6.93 | 1.22 |
| Dec 31, 2020 | 19.01 | 1.68 |
| Dec 31, 2019 | 0.73 | 1.38 |
| Dec 31, 2018 | 0.71 | 1.44 |
| Dec 31, 2017 | 0.64 | 1.34 |
| Dec 31, 2016 | 0.60 | 1.32 |
| Dec 31, 2015 | 0.77 | 0.94 |
| Dec 31, 2014 | 1.11 | 0.70 |
| Dec 31, 2013 | 0.97 | 0.52 |
| Dec 31, 2012 | — | 0.60 |
| Dec 31, 2011 | — | 0.53 |
| Dec 31, 2010 | 17.00 | 0.56 |
| Dec 31, 2009 | 70.20 | 0.57 |
| Dec 31, 2008 | 18.96 | 0.57 |
| Dec 31, 2007 | 0.92 | 0.53 |
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., debt to equity, long-term trends, comparison to industry (industrials)
| Delta Air Lines Inc. | Industrials | |
|---|---|---|
| Dec 31, 2021 | 6.93 | 1.22 |
| Dec 31, 2020 | 19.01 | 1.68 |
| Dec 31, 2019 | 0.73 | 1.79 |
| Dec 31, 2018 | 0.71 | 1.81 |
| Dec 31, 2017 | 0.64 | 1.60 |
| Dec 31, 2016 | 0.60 | 1.50 |
| Dec 31, 2015 | 0.77 | 1.48 |
| Dec 31, 2014 | 1.11 | 1.81 |
| Dec 31, 2013 | 0.97 | 1.73 |
| Dec 31, 2012 | — | 2.18 |
| Dec 31, 2011 | — | 2.50 |
| Dec 31, 2010 | 17.00 | 2.58 |
| Dec 31, 2009 | 70.20 | 2.87 |
| Dec 31, 2008 | 18.96 | 3.39 |
| Dec 31, 2007 | 0.92 | 2.68 |
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).