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Microsoft Excel LibreOffice Calc

Delta Air Lines Inc. (DAL)


Analysis of Solvency Ratios

Beginner level


Solvency Ratios (Summary)

Delta Air Lines Inc., solvency ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Debt Ratios
Debt to equity hidden hidden hidden hidden hidden
Debt to equity (including operating lease liability) hidden hidden hidden hidden hidden
Debt to capital hidden hidden hidden hidden hidden
Debt to capital (including operating lease liability) hidden hidden hidden hidden hidden
Debt to assets hidden hidden hidden hidden hidden
Debt to assets (including operating lease liability) hidden hidden hidden hidden hidden
Financial leverage hidden hidden hidden hidden hidden
Coverage Ratios
Interest coverage hidden hidden hidden hidden hidden
Fixed charge coverage hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-15), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-13), 10-K (filing date: 2016-02-05), 10-K (filing date: 2015-02-11).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Delta Air Lines Inc.’s debt to equity ratio deteriorated from 2016 to 2017 and from 2017 to 2018.
Debt to equity ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Delta Air Lines Inc.’s debt to equity ratio (including operating lease liability) deteriorated from 2016 to 2017 and from 2017 to 2018.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Delta Air Lines Inc.’s debt to capital ratio deteriorated from 2016 to 2017 and from 2017 to 2018.
Debt to capital ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Delta Air Lines Inc.’s debt to capital ratio (including operating lease liability) deteriorated from 2016 to 2017 and from 2017 to 2018.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Delta Air Lines Inc.’s debt to assets ratio deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018.
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Delta Air Lines Inc.’s debt to assets ratio (including operating lease liability) deteriorated from 2016 to 2017 and from 2017 to 2018.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Delta Air Lines Inc.’s financial leverage ratio decreased from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Delta Air Lines Inc.’s interest coverage ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 not reaching 2016 level.
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Delta Air Lines Inc.’s fixed charge coverage ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level.

Debt to Equity

Delta Air Lines Inc., debt to equity calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Current maturities of long-term debt and finance leases hidden hidden hidden hidden hidden
Long-term debt and finance leases, excluding current maturities hidden hidden hidden hidden hidden
Total debt hidden hidden hidden hidden hidden
 
Stockholders’ equity hidden hidden hidden hidden hidden
Solvency Ratio
Debt to equity1 hidden hidden hidden hidden hidden
Benchmarks
Debt to Equity, Competitors2
Booking Holdings Inc. hidden hidden hidden hidden hidden
Marriott International Inc. hidden hidden hidden hidden hidden
McDonald’s Corp. hidden hidden hidden hidden hidden
Starbucks Corp. hidden hidden hidden hidden hidden
Debt to Equity, Sector
Travel & Leisure hidden hidden hidden hidden hidden
Debt to Equity, Industry
Consumer Services hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-15), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-13), 10-K (filing date: 2016-02-05), 10-K (filing date: 2015-02-11).

1 2018 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= hidden ÷ hidden = hidden

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Delta Air Lines Inc.’s debt to equity ratio deteriorated from 2016 to 2017 and from 2017 to 2018.

Debt to Equity (including Operating Lease Liability)

Delta Air Lines Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Current maturities of long-term debt and finance leases hidden hidden hidden hidden hidden
Long-term debt and finance leases, excluding current maturities hidden hidden hidden hidden hidden
Total debt hidden hidden hidden hidden hidden
Current maturities of operating leases hidden hidden hidden hidden hidden
Noncurrent operating leases hidden hidden hidden hidden hidden
Total debt (including operating lease liability) hidden hidden hidden hidden hidden
 
Stockholders’ equity hidden hidden hidden hidden hidden
Solvency Ratio
Debt to equity (including operating lease liability)1 hidden hidden hidden hidden hidden
Benchmarks
Debt to Equity (including Operating Lease Liability), Sector
Travel & Leisure hidden hidden hidden hidden hidden
Debt to Equity (including Operating Lease Liability), Industry
Consumer Services hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-15), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-13), 10-K (filing date: 2016-02-05), 10-K (filing date: 2015-02-11).

1 2018 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= hidden ÷ hidden = hidden

Solvency ratio Description The company
Debt to equity ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Delta Air Lines Inc.’s debt to equity ratio (including operating lease liability) deteriorated from 2016 to 2017 and from 2017 to 2018.

Debt to Capital

Delta Air Lines Inc., debt to capital calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Current maturities of long-term debt and finance leases hidden hidden hidden hidden hidden
Long-term debt and finance leases, excluding current maturities hidden hidden hidden hidden hidden
Total debt hidden hidden hidden hidden hidden
Stockholders’ equity hidden hidden hidden hidden hidden
Total capital hidden hidden hidden hidden hidden
Solvency Ratio
Debt to capital1 hidden hidden hidden hidden hidden
Benchmarks
Debt to Capital, Competitors2
Booking Holdings Inc. hidden hidden hidden hidden hidden
Marriott International Inc. hidden hidden hidden hidden hidden
McDonald’s Corp. hidden hidden hidden hidden hidden
Starbucks Corp. hidden hidden hidden hidden hidden
Debt to Capital, Sector
Travel & Leisure hidden hidden hidden hidden hidden
Debt to Capital, Industry
Consumer Services hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-15), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-13), 10-K (filing date: 2016-02-05), 10-K (filing date: 2015-02-11).

1 2018 Calculation
Debt to capital = Total debt ÷ Total capital
= hidden ÷ hidden = hidden

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Delta Air Lines Inc.’s debt to capital ratio deteriorated from 2016 to 2017 and from 2017 to 2018.

Debt to Capital (including Operating Lease Liability)

Delta Air Lines Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Current maturities of long-term debt and finance leases hidden hidden hidden hidden hidden
Long-term debt and finance leases, excluding current maturities hidden hidden hidden hidden hidden
Total debt hidden hidden hidden hidden hidden
Current maturities of operating leases hidden hidden hidden hidden hidden
Noncurrent operating leases hidden hidden hidden hidden hidden
Total debt (including operating lease liability) hidden hidden hidden hidden hidden
Stockholders’ equity hidden hidden hidden hidden hidden
Total capital (including operating lease liability) hidden hidden hidden hidden hidden
Solvency Ratio
Debt to capital (including operating lease liability)1 hidden hidden hidden hidden hidden
Benchmarks
Debt to Capital (including Operating Lease Liability), Sector
Travel & Leisure hidden hidden hidden hidden hidden
Debt to Capital (including Operating Lease Liability), Industry
Consumer Services hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-15), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-13), 10-K (filing date: 2016-02-05), 10-K (filing date: 2015-02-11).

1 2018 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= hidden ÷ hidden = hidden

Solvency ratio Description The company
Debt to capital ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Delta Air Lines Inc.’s debt to capital ratio (including operating lease liability) deteriorated from 2016 to 2017 and from 2017 to 2018.

Debt to Assets

Delta Air Lines Inc., debt to assets calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Current maturities of long-term debt and finance leases hidden hidden hidden hidden hidden
Long-term debt and finance leases, excluding current maturities hidden hidden hidden hidden hidden
Total debt hidden hidden hidden hidden hidden
 
Total assets hidden hidden hidden hidden hidden
Solvency Ratio
Debt to assets1 hidden hidden hidden hidden hidden
Benchmarks
Debt to Assets, Competitors2
Booking Holdings Inc. hidden hidden hidden hidden hidden
Marriott International Inc. hidden hidden hidden hidden hidden
McDonald’s Corp. hidden hidden hidden hidden hidden
Starbucks Corp. hidden hidden hidden hidden hidden
Debt to Assets, Sector
Travel & Leisure hidden hidden hidden hidden hidden
Debt to Assets, Industry
Consumer Services hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-15), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-13), 10-K (filing date: 2016-02-05), 10-K (filing date: 2015-02-11).

1 2018 Calculation
Debt to assets = Total debt ÷ Total assets
= hidden ÷ hidden = hidden

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Delta Air Lines Inc.’s debt to assets ratio deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018.

Debt to Assets (including Operating Lease Liability)

Delta Air Lines Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Current maturities of long-term debt and finance leases hidden hidden hidden hidden hidden
Long-term debt and finance leases, excluding current maturities hidden hidden hidden hidden hidden
Total debt hidden hidden hidden hidden hidden
Current maturities of operating leases hidden hidden hidden hidden hidden
Noncurrent operating leases hidden hidden hidden hidden hidden
Total debt (including operating lease liability) hidden hidden hidden hidden hidden
 
Total assets hidden hidden hidden hidden hidden
Solvency Ratio
Debt to assets (including operating lease liability)1 hidden hidden hidden hidden hidden
Benchmarks
Debt to Assets (including Operating Lease Liability), Sector
Travel & Leisure hidden hidden hidden hidden hidden
Debt to Assets (including Operating Lease Liability), Industry
Consumer Services hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-15), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-13), 10-K (filing date: 2016-02-05), 10-K (filing date: 2015-02-11).

1 2018 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= hidden ÷ hidden = hidden

Solvency ratio Description The company
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Delta Air Lines Inc.’s debt to assets ratio (including operating lease liability) deteriorated from 2016 to 2017 and from 2017 to 2018.

Financial Leverage

Delta Air Lines Inc., financial leverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Total assets hidden hidden hidden hidden hidden
Stockholders’ equity hidden hidden hidden hidden hidden
Solvency Ratio
Financial leverage1 hidden hidden hidden hidden hidden
Benchmarks
Financial Leverage, Competitors2
Booking Holdings Inc. hidden hidden hidden hidden hidden
Marriott International Inc. hidden hidden hidden hidden hidden
McDonald’s Corp. hidden hidden hidden hidden hidden
Starbucks Corp. hidden hidden hidden hidden hidden
Financial Leverage, Sector
Travel & Leisure hidden hidden hidden hidden hidden
Financial Leverage, Industry
Consumer Services hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-15), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-13), 10-K (filing date: 2016-02-05), 10-K (filing date: 2015-02-11).

1 2018 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= hidden ÷ hidden = hidden

2 Click competitor name to see calculations.

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Delta Air Lines Inc.’s financial leverage ratio decreased from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.

Interest Coverage

Delta Air Lines Inc., interest coverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Net income hidden hidden hidden hidden hidden
Add: Income tax expense hidden hidden hidden hidden hidden
Add: Interest expense, net hidden hidden hidden hidden hidden
Earnings before interest and tax (EBIT) hidden hidden hidden hidden hidden
Solvency Ratio
Interest coverage1 hidden hidden hidden hidden hidden
Benchmarks
Interest Coverage, Competitors2
Booking Holdings Inc. hidden hidden hidden hidden hidden
Marriott International Inc. hidden hidden hidden hidden hidden
McDonald’s Corp. hidden hidden hidden hidden hidden
Starbucks Corp. hidden hidden hidden hidden hidden
Interest Coverage, Sector
Travel & Leisure hidden hidden hidden hidden hidden
Interest Coverage, Industry
Consumer Services hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-15), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-13), 10-K (filing date: 2016-02-05), 10-K (filing date: 2015-02-11).

1 2018 Calculation
Interest coverage = EBIT ÷ Interest expense
= hidden ÷ hidden = hidden

2 Click competitor name to see calculations.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Delta Air Lines Inc.’s interest coverage ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 not reaching 2016 level.

Fixed Charge Coverage

Delta Air Lines Inc., fixed charge coverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Net income hidden hidden hidden hidden hidden
Add: Income tax expense hidden hidden hidden hidden hidden
Add: Interest expense, net hidden hidden hidden hidden hidden
Earnings before interest and tax (EBIT) hidden hidden hidden hidden hidden
Add: Operating lease cost hidden hidden hidden hidden hidden
Earnings before fixed charges and tax hidden hidden hidden hidden hidden
 
Interest expense, net hidden hidden hidden hidden hidden
Operating lease cost hidden hidden hidden hidden hidden
Fixed charges hidden hidden hidden hidden hidden
Solvency Ratio
Fixed charge coverage1 hidden hidden hidden hidden hidden
Benchmarks
Fixed Charge Coverage, Competitors2
Booking Holdings Inc. hidden hidden hidden hidden hidden
Marriott International Inc. hidden hidden hidden hidden hidden
McDonald’s Corp. hidden hidden hidden hidden hidden
Starbucks Corp. hidden hidden hidden hidden hidden
Fixed Charge Coverage, Sector
Travel & Leisure hidden hidden hidden hidden hidden
Fixed Charge Coverage, Industry
Consumer Services hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-15), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-13), 10-K (filing date: 2016-02-05), 10-K (filing date: 2015-02-11).

1 2018 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= hidden ÷ hidden = hidden

2 Click competitor name to see calculations.

Solvency ratio Description The company
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Delta Air Lines Inc.’s fixed charge coverage ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level.