Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
Solvency ratio | Description | The company |
---|---|---|
Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | United Parcel Service Inc. debt to equity ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022. |
Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | United Parcel Service Inc. debt to equity ratio (including operating lease liability) improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022. |
Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | United Parcel Service Inc. debt to capital ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022. |
Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | United Parcel Service Inc. debt to capital ratio (including operating lease liability) improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022. |
Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | United Parcel Service Inc. debt to assets ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022. |
Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | United Parcel Service Inc. debt to assets ratio (including operating lease liability) improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022. |
Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | United Parcel Service Inc. financial leverage ratio decreased from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022. |
Solvency ratio | Description | The company |
---|---|---|
Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | United Parcel Service Inc. interest coverage ratio improved from Q3 2021 to Q4 2021 but then slightly deteriorated from Q4 2021 to Q1 2022. |
Debt to Equity
Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
Current maturities of long-term debt, commercial paper and finance leases | 2,141 | 2,131 | 1,268 | 1,564 | 1,811 | 2,623 | 2,382 | 3,749 | 4,405 | 3,420 | 2,161 | 2,952 | 2,789 | 2,805 | 3,200 | 2,591 | 2,683 | 4,011 | 4,555 | 3,817 | 4,302 | |||||||
Long-term debt and finance leases, excluding current maturities | 19,740 | 19,784 | 20,838 | 21,027 | 21,916 | 22,031 | 23,336 | 23,199 | 24,196 | 21,818 | 21,740 | 20,427 | 20,377 | 19,931 | 20,101 | 20,120 | 20,409 | 20,278 | 14,355 | 14,257 | 12,938 | |||||||
Total debt | 21,881 | 21,915 | 22,106 | 22,591 | 23,727 | 24,654 | 25,718 | 26,948 | 28,601 | 25,238 | 23,901 | 23,379 | 23,166 | 22,736 | 23,301 | 22,711 | 23,092 | 24,289 | 18,910 | 18,074 | 17,240 | |||||||
Equity for controlling interests | 15,416 | 14,253 | 12,041 | 10,805 | 7,147 | 657 | 5,592 | 4,363 | 3,299 | 3,267 | 5,558 | 4,405 | 3,467 | 3,021 | 3,098 | 2,328 | 1,344 | 1,000 | 1,509 | 1,244 | 535 | |||||||
Solvency Ratio | ||||||||||||||||||||||||||||
Debt to equity1 | 1.42 | 1.54 | 1.84 | 2.09 | 3.32 | 37.53 | 4.60 | 6.18 | 8.67 | 7.73 | 4.30 | 5.31 | 6.68 | 7.53 | 7.52 | 9.76 | 17.18 | 24.29 | 12.53 | 14.53 | 32.22 | |||||||
Benchmarks | ||||||||||||||||||||||||||||
Debt to Equity, Competitors2 | ||||||||||||||||||||||||||||
American Airlines Group Inc. | — | — | — | — | — | — | — | — | — | — | 157.71 | — | — | — | — | — | — | 6.38 | 6.25 | 6.69 | 7.10 | |||||||
CSX Corp. | 1.24 | 1.21 | 1.25 | 1.22 | 1.24 | 1.28 | 1.30 | 1.36 | 1.41 | 1.37 | 1.41 | 1.28 | 1.27 | 1.17 | 1.00 | 0.98 | 0.96 | 0.80 | 1.08 | 1.02 | 0.97 | |||||||
Delta Air Lines Inc. | 8.54 | 6.93 | 10.67 | 22.68 | 60.26 | 19.01 | 10.39 | 2.84 | 1.19 | 0.73 | 0.67 | 0.72 | 0.83 | 0.71 | 0.68 | 0.77 | 0.69 | 0.64 | 0.63 | 0.67 | 0.71 | |||||||
FedEx Corp. | 0.85 | 0.86 | 1.07 | 1.11 | 1.20 | 1.20 | 1.03 | 1.01 | 1.03 | 0.99 | 0.93 | 0.90 | 0.88 | 0.85 | 0.93 | 0.91 | 0.91 | 0.93 | 0.97 | 0.94 | 0.97 | |||||||
Union Pacific Corp. | 2.71 | 2.10 | 2.11 | 2.01 | 1.64 | 1.58 | 1.63 | 1.73 | 1.74 | 1.39 | 1.43 | 1.39 | 1.42 | 1.10 | 1.09 | 1.15 | 0.72 | 0.68 | 0.88 | 0.80 | 0.76 | |||||||
United Airlines Holdings Inc. | 9.09 | 6.69 | 6.29 | 7.05 | 5.39 | 4.56 | 3.90 | 2.25 | 1.88 | 1.29 | 1.28 | 1.41 | 1.46 | 1.47 | 1.52 | 1.68 | 1.80 | 1.63 | 1.55 | 1.49 | 1.52 |
Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q1 2022 Calculation
Debt to equity = Total debt ÷ Equity for controlling interests
= 21,881 ÷ 15,416 = 1.42
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. | United Parcel Service Inc. debt to equity ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022. |
Debt to Equity (including Operating Lease Liability)
United Parcel Service Inc., debt to equity (including operating lease liability) calculation (quarterly data)
Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
Current maturities of long-term debt, commercial paper and finance leases | 2,141 | 2,131 | 1,268 | 1,564 | 1,811 | 2,623 | 2,382 | 3,749 | 4,405 | 3,420 | 2,161 | 2,952 | 2,789 | 2,805 | 3,200 | 2,591 | 2,683 | 4,011 | 4,555 | 3,817 | 4,302 | |||||||
Long-term debt and finance leases, excluding current maturities | 19,740 | 19,784 | 20,838 | 21,027 | 21,916 | 22,031 | 23,336 | 23,199 | 24,196 | 21,818 | 21,740 | 20,427 | 20,377 | 19,931 | 20,101 | 20,120 | 20,409 | 20,278 | 14,355 | 14,257 | 12,938 | |||||||
Total debt | 21,881 | 21,915 | 22,106 | 22,591 | 23,727 | 24,654 | 25,718 | 26,948 | 28,601 | 25,238 | 23,901 | 23,379 | 23,166 | 22,736 | 23,301 | 22,711 | 23,092 | 24,289 | 18,910 | 18,074 | 17,240 | |||||||
Current maturities of operating leases | 579 | 580 | 552 | 556 | 548 | 560 | 560 | 534 | 526 | 538 | 500 | 487 | 492 | — | — | — | — | — | — | — | — | |||||||
Non-current operating leases | 2,970 | 3,033 | 2,938 | 3,038 | 2,524 | 2,540 | 2,473 | 2,463 | 2,493 | 2,391 | 2,063 | 2,026 | 2,093 | — | — | — | — | — | — | — | — | |||||||
Total debt (including operating lease liability) | 25,430 | 25,528 | 25,596 | 26,185 | 26,799 | 27,754 | 28,751 | 29,945 | 31,620 | 28,167 | 26,464 | 25,892 | 25,751 | 22,736 | 23,301 | 22,711 | 23,092 | 24,289 | 18,910 | 18,074 | 17,240 | |||||||
Equity for controlling interests | 15,416 | 14,253 | 12,041 | 10,805 | 7,147 | 657 | 5,592 | 4,363 | 3,299 | 3,267 | 5,558 | 4,405 | 3,467 | 3,021 | 3,098 | 2,328 | 1,344 | 1,000 | 1,509 | 1,244 | 535 | |||||||
Solvency Ratio | ||||||||||||||||||||||||||||
Debt to equity (including operating lease liability)1 | 1.65 | 1.79 | 2.13 | 2.42 | 3.75 | 42.24 | 5.14 | 6.86 | 9.58 | 8.62 | 4.76 | 5.88 | 7.43 | 7.53 | 7.52 | 9.76 | 17.18 | 24.29 | 12.53 | 14.53 | 32.22 | |||||||
Benchmarks | ||||||||||||||||||||||||||||
Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||||
American Airlines Group Inc. | — | — | — | — | — | — | — | — | — | — | 215.25 | — | — | — | — | — | — | 6.38 | 6.25 | 6.69 | 7.10 | |||||||
CSX Corp. | 1.28 | 1.25 | 1.28 | 1.25 | 1.28 | 1.31 | 1.33 | 1.40 | 1.45 | 1.41 | 1.45 | 1.33 | 1.31 | 1.17 | 1.00 | 0.98 | 0.96 | 0.80 | 1.08 | 1.02 | 0.97 | |||||||
Delta Air Lines Inc. | 11.20 | 8.92 | 13.12 | 27.57 | 73.16 | 23.17 | 12.34 | 3.54 | 1.61 | 1.12 | 1.09 | 1.17 | 1.36 | 1.21 | 0.68 | 0.77 | 0.69 | 0.64 | 0.63 | 0.67 | 0.71 | |||||||
FedEx Corp. | 1.49 | 1.51 | 1.75 | 1.83 | 1.95 | 1.97 | 1.78 | 1.78 | 1.81 | 0.99 | 0.93 | 0.90 | 0.88 | 0.85 | 0.93 | 0.91 | 0.91 | 0.93 | 0.97 | 0.94 | 0.97 | |||||||
Union Pacific Corp. | 2.82 | 2.20 | 2.20 | 2.10 | 1.71 | 1.65 | 1.71 | 1.81 | 1.83 | 1.47 | 1.51 | 1.48 | 1.51 | 1.10 | 1.09 | 1.15 | 0.72 | 0.68 | 0.88 | 0.80 | 0.76 | |||||||
United Airlines Holdings Inc. | 10.66 | 7.83 | 7.34 | 8.17 | 6.47 | 5.50 | 4.69 | 2.92 | 2.49 | 1.77 | 1.78 | 1.96 | 2.05 | 1.47 | 1.52 | 1.68 | 1.80 | 1.63 | 1.55 | 1.49 | 1.52 |
Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q1 2022 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Equity for controlling interests
= 25,430 ÷ 15,416 = 1.65
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | United Parcel Service Inc. debt to equity ratio (including operating lease liability) improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022. |
Debt to Capital
Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
Current maturities of long-term debt, commercial paper and finance leases | 2,141 | 2,131 | 1,268 | 1,564 | 1,811 | 2,623 | 2,382 | 3,749 | 4,405 | 3,420 | 2,161 | 2,952 | 2,789 | 2,805 | 3,200 | 2,591 | 2,683 | 4,011 | 4,555 | 3,817 | 4,302 | |||||||
Long-term debt and finance leases, excluding current maturities | 19,740 | 19,784 | 20,838 | 21,027 | 21,916 | 22,031 | 23,336 | 23,199 | 24,196 | 21,818 | 21,740 | 20,427 | 20,377 | 19,931 | 20,101 | 20,120 | 20,409 | 20,278 | 14,355 | 14,257 | 12,938 | |||||||
Total debt | 21,881 | 21,915 | 22,106 | 22,591 | 23,727 | 24,654 | 25,718 | 26,948 | 28,601 | 25,238 | 23,901 | 23,379 | 23,166 | 22,736 | 23,301 | 22,711 | 23,092 | 24,289 | 18,910 | 18,074 | 17,240 | |||||||
Equity for controlling interests | 15,416 | 14,253 | 12,041 | 10,805 | 7,147 | 657 | 5,592 | 4,363 | 3,299 | 3,267 | 5,558 | 4,405 | 3,467 | 3,021 | 3,098 | 2,328 | 1,344 | 1,000 | 1,509 | 1,244 | 535 | |||||||
Total capital | 37,297 | 36,168 | 34,147 | 33,396 | 30,874 | 25,311 | 31,310 | 31,311 | 31,900 | 28,505 | 29,459 | 27,784 | 26,633 | 25,757 | 26,399 | 25,039 | 24,436 | 25,289 | 20,419 | 19,318 | 17,775 | |||||||
Solvency Ratio | ||||||||||||||||||||||||||||
Debt to capital1 | 0.59 | 0.61 | 0.65 | 0.68 | 0.77 | 0.97 | 0.82 | 0.86 | 0.90 | 0.89 | 0.81 | 0.84 | 0.87 | 0.88 | 0.88 | 0.91 | 0.94 | 0.96 | 0.93 | 0.94 | 0.97 | |||||||
Benchmarks | ||||||||||||||||||||||||||||
Debt to Capital, Competitors2 | ||||||||||||||||||||||||||||
American Airlines Group Inc. | 1.31 | 1.24 | 1.24 | 1.24 | 1.25 | 1.27 | 1.20 | 1.11 | 1.12 | 1.00 | 0.99 | 1.00 | 1.03 | 1.01 | 1.02 | 1.04 | 1.04 | 0.86 | 0.86 | 0.87 | 0.88 | |||||||
CSX Corp. | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 | 0.56 | 0.56 | 0.58 | 0.58 | 0.58 | 0.59 | 0.56 | 0.56 | 0.54 | 0.50 | 0.50 | 0.49 | 0.45 | 0.52 | 0.51 | 0.49 | |||||||
Delta Air Lines Inc. | 0.90 | 0.87 | 0.91 | 0.96 | 0.98 | 0.95 | 0.91 | 0.74 | 0.54 | 0.42 | 0.40 | 0.42 | 0.45 | 0.42 | 0.40 | 0.44 | 0.41 | 0.39 | 0.39 | 0.40 | 0.42 | |||||||
FedEx Corp. | 0.46 | 0.46 | 0.52 | 0.53 | 0.54 | 0.55 | 0.51 | 0.50 | 0.51 | 0.50 | 0.48 | 0.47 | 0.47 | 0.46 | 0.48 | 0.48 | 0.48 | 0.48 | 0.49 | 0.48 | 0.49 | |||||||
Union Pacific Corp. | 0.73 | 0.68 | 0.68 | 0.67 | 0.62 | 0.61 | 0.62 | 0.63 | 0.64 | 0.58 | 0.59 | 0.58 | 0.59 | 0.52 | 0.52 | 0.53 | 0.42 | 0.41 | 0.47 | 0.45 | 0.43 | |||||||
United Airlines Holdings Inc. | 0.90 | 0.87 | 0.86 | 0.88 | 0.84 | 0.82 | 0.80 | 0.69 | 0.65 | 0.56 | 0.56 | 0.58 | 0.59 | 0.60 | 0.60 | 0.63 | 0.64 | 0.62 | 0.61 | 0.60 | 0.60 |
Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q1 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 21,881 ÷ 37,297 = 0.59
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. | United Parcel Service Inc. debt to capital ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022. |
Debt to Capital (including Operating Lease Liability)
United Parcel Service Inc., debt to capital (including operating lease liability) calculation (quarterly data)
Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
Current maturities of long-term debt, commercial paper and finance leases | 2,141 | 2,131 | 1,268 | 1,564 | 1,811 | 2,623 | 2,382 | 3,749 | 4,405 | 3,420 | 2,161 | 2,952 | 2,789 | 2,805 | 3,200 | 2,591 | 2,683 | 4,011 | 4,555 | 3,817 | 4,302 | |||||||
Long-term debt and finance leases, excluding current maturities | 19,740 | 19,784 | 20,838 | 21,027 | 21,916 | 22,031 | 23,336 | 23,199 | 24,196 | 21,818 | 21,740 | 20,427 | 20,377 | 19,931 | 20,101 | 20,120 | 20,409 | 20,278 | 14,355 | 14,257 | 12,938 | |||||||
Total debt | 21,881 | 21,915 | 22,106 | 22,591 | 23,727 | 24,654 | 25,718 | 26,948 | 28,601 | 25,238 | 23,901 | 23,379 | 23,166 | 22,736 | 23,301 | 22,711 | 23,092 | 24,289 | 18,910 | 18,074 | 17,240 | |||||||
Current maturities of operating leases | 579 | 580 | 552 | 556 | 548 | 560 | 560 | 534 | 526 | 538 | 500 | 487 | 492 | — | — | — | — | — | — | — | — | |||||||
Non-current operating leases | 2,970 | 3,033 | 2,938 | 3,038 | 2,524 | 2,540 | 2,473 | 2,463 | 2,493 | 2,391 | 2,063 | 2,026 | 2,093 | — | — | — | — | — | — | — | — | |||||||
Total debt (including operating lease liability) | 25,430 | 25,528 | 25,596 | 26,185 | 26,799 | 27,754 | 28,751 | 29,945 | 31,620 | 28,167 | 26,464 | 25,892 | 25,751 | 22,736 | 23,301 | 22,711 | 23,092 | 24,289 | 18,910 | 18,074 | 17,240 | |||||||
Equity for controlling interests | 15,416 | 14,253 | 12,041 | 10,805 | 7,147 | 657 | 5,592 | 4,363 | 3,299 | 3,267 | 5,558 | 4,405 | 3,467 | 3,021 | 3,098 | 2,328 | 1,344 | 1,000 | 1,509 | 1,244 | 535 | |||||||
Total capital (including operating lease liability) | 40,846 | 39,781 | 37,637 | 36,990 | 33,946 | 28,411 | 34,343 | 34,308 | 34,919 | 31,434 | 32,022 | 30,297 | 29,218 | 25,757 | 26,399 | 25,039 | 24,436 | 25,289 | 20,419 | 19,318 | 17,775 | |||||||
Solvency Ratio | ||||||||||||||||||||||||||||
Debt to capital (including operating lease liability)1 | 0.62 | 0.64 | 0.68 | 0.71 | 0.79 | 0.98 | 0.84 | 0.87 | 0.91 | 0.90 | 0.83 | 0.85 | 0.88 | 0.88 | 0.88 | 0.91 | 0.94 | 0.96 | 0.93 | 0.94 | 0.97 | |||||||
Benchmarks | ||||||||||||||||||||||||||||
Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||||
American Airlines Group Inc. | 1.24 | 1.19 | 1.19 | 1.19 | 1.20 | 1.20 | 1.15 | 1.09 | 1.08 | 1.00 | 1.00 | 1.00 | 1.02 | 1.00 | 1.02 | 1.04 | 1.04 | 0.86 | 0.86 | 0.87 | 0.88 | |||||||
CSX Corp. | 0.56 | 0.56 | 0.56 | 0.56 | 0.56 | 0.57 | 0.57 | 0.58 | 0.59 | 0.59 | 0.59 | 0.57 | 0.57 | 0.54 | 0.50 | 0.50 | 0.49 | 0.45 | 0.52 | 0.51 | 0.49 | |||||||
Delta Air Lines Inc. | 0.92 | 0.90 | 0.93 | 0.97 | 0.99 | 0.96 | 0.93 | 0.78 | 0.62 | 0.53 | 0.52 | 0.54 | 0.58 | 0.55 | 0.40 | 0.44 | 0.41 | 0.39 | 0.39 | 0.40 | 0.42 | |||||||
FedEx Corp. | 0.60 | 0.60 | 0.64 | 0.65 | 0.66 | 0.66 | 0.64 | 0.64 | 0.64 | 0.50 | 0.48 | 0.47 | 0.47 | 0.46 | 0.48 | 0.48 | 0.48 | 0.48 | 0.49 | 0.48 | 0.49 | |||||||
Union Pacific Corp. | 0.74 | 0.69 | 0.69 | 0.68 | 0.63 | 0.62 | 0.63 | 0.64 | 0.65 | 0.60 | 0.60 | 0.60 | 0.60 | 0.52 | 0.52 | 0.53 | 0.42 | 0.41 | 0.47 | 0.45 | 0.43 | |||||||
United Airlines Holdings Inc. | 0.91 | 0.89 | 0.88 | 0.89 | 0.87 | 0.85 | 0.82 | 0.75 | 0.71 | 0.64 | 0.64 | 0.66 | 0.67 | 0.60 | 0.60 | 0.63 | 0.64 | 0.62 | 0.61 | 0.60 | 0.60 |
Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q1 2022 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 25,430 ÷ 40,846 = 0.62
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | United Parcel Service Inc. debt to capital ratio (including operating lease liability) improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022. |
Debt to Assets
Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
Current maturities of long-term debt, commercial paper and finance leases | 2,141 | 2,131 | 1,268 | 1,564 | 1,811 | 2,623 | 2,382 | 3,749 | 4,405 | 3,420 | 2,161 | 2,952 | 2,789 | 2,805 | 3,200 | 2,591 | 2,683 | 4,011 | 4,555 | 3,817 | 4,302 | |||||||
Long-term debt and finance leases, excluding current maturities | 19,740 | 19,784 | 20,838 | 21,027 | 21,916 | 22,031 | 23,336 | 23,199 | 24,196 | 21,818 | 21,740 | 20,427 | 20,377 | 19,931 | 20,101 | 20,120 | 20,409 | 20,278 | 14,355 | 14,257 | 12,938 | |||||||
Total debt | 21,881 | 21,915 | 22,106 | 22,591 | 23,727 | 24,654 | 25,718 | 26,948 | 28,601 | 25,238 | 23,901 | 23,379 | 23,166 | 22,736 | 23,301 | 22,711 | 23,092 | 24,289 | 18,910 | 18,074 | 17,240 | |||||||
Total assets | 70,113 | 69,405 | 65,739 | 64,869 | 63,312 | 62,408 | 62,406 | 62,057 | 60,895 | 57,857 | 53,282 | 52,787 | 52,061 | 50,016 | 46,689 | 45,223 | 44,464 | 45,403 | 41,356 | 39,724 | 38,380 | |||||||
Solvency Ratio | ||||||||||||||||||||||||||||
Debt to assets1 | 0.31 | 0.32 | 0.34 | 0.35 | 0.37 | 0.40 | 0.41 | 0.43 | 0.47 | 0.44 | 0.45 | 0.44 | 0.44 | 0.45 | 0.50 | 0.50 | 0.52 | 0.53 | 0.46 | 0.45 | 0.45 | |||||||
Benchmarks | ||||||||||||||||||||||||||||
Debt to Assets, Competitors2 | ||||||||||||||||||||||||||||
American Airlines Group Inc. | 0.56 | 0.57 | 0.56 | 0.55 | 0.58 | 0.53 | 0.52 | 0.48 | 0.43 | 0.41 | 0.41 | 0.41 | 0.40 | 0.40 | 0.47 | 0.46 | 0.46 | 0.49 | 0.47 | 0.47 | 0.47 | |||||||
CSX Corp. | 0.40 | 0.40 | 0.41 | 0.41 | 0.41 | 0.42 | 0.42 | 0.42 | 0.43 | 0.42 | 0.43 | 0.42 | 0.41 | 0.40 | 0.37 | 0.37 | 0.37 | 0.33 | 0.33 | 0.33 | 0.32 | |||||||
Delta Air Lines Inc. | 0.35 | 0.37 | 0.38 | 0.39 | 0.40 | 0.40 | 0.44 | 0.34 | 0.25 | 0.17 | 0.16 | 0.16 | 0.17 | 0.16 | 0.17 | 0.18 | 0.16 | 0.17 | 0.17 | 0.17 | 0.18 | |||||||
FedEx Corp. | 0.25 | 0.25 | 0.28 | 0.29 | 0.30 | 0.30 | 0.28 | 0.27 | 0.27 | 0.32 | 0.34 | 0.32 | 0.33 | 0.32 | 0.34 | 0.31 | 0.31 | 0.31 | 0.32 | 0.29 | 0.30 | |||||||
Union Pacific Corp. | 0.50 | 0.47 | 0.47 | 0.46 | 0.43 | 0.43 | 0.44 | 0.45 | 0.45 | 0.41 | 0.42 | 0.41 | 0.41 | 0.38 | 0.38 | 0.39 | 0.30 | 0.29 | 0.29 | 0.28 | 0.27 | |||||||
United Airlines Holdings Inc. | 0.48 | 0.49 | 0.49 | 0.49 | 0.45 | 0.46 | 0.45 | 0.35 | 0.33 | 0.28 | 0.28 | 0.28 | 0.28 | 0.33 | 0.32 | 0.32 | 0.34 | 0.34 | 0.33 | 0.31 | 0.31 |
Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q1 2022 Calculation
Debt to assets = Total debt ÷ Total assets
= 21,881 ÷ 70,113 = 0.31
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. | United Parcel Service Inc. debt to assets ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022. |
Debt to Assets (including Operating Lease Liability)
United Parcel Service Inc., debt to assets (including operating lease liability) calculation (quarterly data)
Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
Current maturities of long-term debt, commercial paper and finance leases | 2,141 | 2,131 | 1,268 | 1,564 | 1,811 | 2,623 | 2,382 | 3,749 | 4,405 | 3,420 | 2,161 | 2,952 | 2,789 | 2,805 | 3,200 | 2,591 | 2,683 | 4,011 | 4,555 | 3,817 | 4,302 | |||||||
Long-term debt and finance leases, excluding current maturities | 19,740 | 19,784 | 20,838 | 21,027 | 21,916 | 22,031 | 23,336 | 23,199 | 24,196 | 21,818 | 21,740 | 20,427 | 20,377 | 19,931 | 20,101 | 20,120 | 20,409 | 20,278 | 14,355 | 14,257 | 12,938 | |||||||
Total debt | 21,881 | 21,915 | 22,106 | 22,591 | 23,727 | 24,654 | 25,718 | 26,948 | 28,601 | 25,238 | 23,901 | 23,379 | 23,166 | 22,736 | 23,301 | 22,711 | 23,092 | 24,289 | 18,910 | 18,074 | 17,240 | |||||||
Current maturities of operating leases | 579 | 580 | 552 | 556 | 548 | 560 | 560 | 534 | 526 | 538 | 500 | 487 | 492 | — | — | — | — | — | — | — | — | |||||||
Non-current operating leases | 2,970 | 3,033 | 2,938 | 3,038 | 2,524 | 2,540 | 2,473 | 2,463 | 2,493 | 2,391 | 2,063 | 2,026 | 2,093 | — | — | — | — | — | — | — | — | |||||||
Total debt (including operating lease liability) | 25,430 | 25,528 | 25,596 | 26,185 | 26,799 | 27,754 | 28,751 | 29,945 | 31,620 | 28,167 | 26,464 | 25,892 | 25,751 | 22,736 | 23,301 | 22,711 | 23,092 | 24,289 | 18,910 | 18,074 | 17,240 | |||||||
Total assets | 70,113 | 69,405 | 65,739 | 64,869 | 63,312 | 62,408 | 62,406 | 62,057 | 60,895 | 57,857 | 53,282 | 52,787 | 52,061 | 50,016 | 46,689 | 45,223 | 44,464 | 45,403 | 41,356 | 39,724 | 38,380 | |||||||
Solvency Ratio | ||||||||||||||||||||||||||||
Debt to assets (including operating lease liability)1 | 0.36 | 0.37 | 0.39 | 0.40 | 0.42 | 0.44 | 0.46 | 0.48 | 0.52 | 0.49 | 0.50 | 0.49 | 0.49 | 0.45 | 0.50 | 0.50 | 0.52 | 0.53 | 0.46 | 0.45 | 0.45 | |||||||
Benchmarks | ||||||||||||||||||||||||||||
Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||||
American Airlines Group Inc. | 0.68 | 0.69 | 0.68 | 0.67 | 0.70 | 0.66 | 0.66 | 0.62 | 0.58 | 0.56 | 0.56 | 0.56 | 0.55 | 0.56 | 0.47 | 0.46 | 0.46 | 0.49 | 0.47 | 0.47 | 0.47 | |||||||
CSX Corp. | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.43 | 0.43 | 0.44 | 0.44 | 0.44 | 0.44 | 0.43 | 0.43 | 0.40 | 0.37 | 0.37 | 0.37 | 0.33 | 0.33 | 0.33 | 0.32 | |||||||
Delta Air Lines Inc. | 0.45 | 0.48 | 0.47 | 0.47 | 0.48 | 0.49 | 0.52 | 0.43 | 0.33 | 0.27 | 0.26 | 0.26 | 0.28 | 0.27 | 0.17 | 0.18 | 0.16 | 0.17 | 0.17 | 0.17 | 0.18 | |||||||
FedEx Corp. | 0.44 | 0.44 | 0.47 | 0.47 | 0.49 | 0.49 | 0.48 | 0.47 | 0.48 | 0.32 | 0.34 | 0.32 | 0.33 | 0.32 | 0.34 | 0.31 | 0.31 | 0.31 | 0.32 | 0.29 | 0.30 | |||||||
Union Pacific Corp. | 0.52 | 0.49 | 0.49 | 0.48 | 0.45 | 0.45 | 0.46 | 0.47 | 0.47 | 0.43 | 0.44 | 0.44 | 0.44 | 0.38 | 0.38 | 0.39 | 0.30 | 0.29 | 0.29 | 0.28 | 0.27 | |||||||
United Airlines Holdings Inc. | 0.56 | 0.58 | 0.58 | 0.56 | 0.55 | 0.55 | 0.54 | 0.45 | 0.44 | 0.39 | 0.39 | 0.39 | 0.40 | 0.33 | 0.32 | 0.32 | 0.34 | 0.34 | 0.33 | 0.31 | 0.31 |
Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q1 2022 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 25,430 ÷ 70,113 = 0.36
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | United Parcel Service Inc. debt to assets ratio (including operating lease liability) improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022. |
Financial Leverage
Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
Total assets | 70,113 | 69,405 | 65,739 | 64,869 | 63,312 | 62,408 | 62,406 | 62,057 | 60,895 | 57,857 | 53,282 | 52,787 | 52,061 | 50,016 | 46,689 | 45,223 | 44,464 | 45,403 | 41,356 | 39,724 | 38,380 | |||||||
Equity for controlling interests | 15,416 | 14,253 | 12,041 | 10,805 | 7,147 | 657 | 5,592 | 4,363 | 3,299 | 3,267 | 5,558 | 4,405 | 3,467 | 3,021 | 3,098 | 2,328 | 1,344 | 1,000 | 1,509 | 1,244 | 535 | |||||||
Solvency Ratio | ||||||||||||||||||||||||||||
Financial leverage1 | 4.55 | 4.87 | 5.46 | 6.00 | 8.86 | 94.99 | 11.16 | 14.22 | 18.46 | 17.71 | 9.59 | 11.98 | 15.02 | 16.56 | 15.07 | 19.43 | 33.08 | 45.40 | 27.41 | 31.93 | 71.74 | |||||||
Benchmarks | ||||||||||||||||||||||||||||
Financial Leverage, Competitors2 | ||||||||||||||||||||||||||||
American Airlines Group Inc. | — | — | — | — | — | — | — | — | — | — | 382.34 | — | — | — | — | — | — | 13.09 | 13.27 | 14.36 | 15.22 | |||||||
CSX Corp. | 3.07 | 3.00 | 3.05 | 2.98 | 3.02 | 3.04 | 3.10 | 3.20 | 3.27 | 3.23 | 3.27 | 3.09 | 3.07 | 2.92 | 2.69 | 2.64 | 2.60 | 2.43 | 3.27 | 3.09 | 3.06 | |||||||
Delta Air Lines Inc. | 24.66 | 18.64 | 27.93 | 58.79 | 151.62 | 46.93 | 23.56 | 8.32 | 4.80 | 4.20 | 4.20 | 4.48 | 4.79 | 4.40 | 4.01 | 4.34 | 4.31 | 3.83 | 3.71 | 3.84 | 3.98 | |||||||
FedEx Corp. | 3.37 | 3.43 | 3.77 | 3.86 | 3.99 | 4.02 | 3.72 | 3.75 | 3.77 | 3.06 | 2.74 | 2.76 | 2.71 | 2.70 | 2.74 | 2.95 | 2.97 | 3.02 | 3.08 | 3.19 | 3.22 | |||||||
Union Pacific Corp. | 5.38 | 4.49 | 4.48 | 4.34 | 3.80 | 3.68 | 3.70 | 3.86 | 3.89 | 3.40 | 3.44 | 3.40 | 3.46 | 2.90 | 2.87 | 2.95 | 2.37 | 2.33 | 3.00 | 2.88 | 2.83 | |||||||
United Airlines Holdings Inc. | 19.05 | 13.56 | 12.76 | 14.49 | 11.84 | 9.99 | 8.74 | 6.45 | 5.63 | 4.56 | 4.62 | 5.05 | 5.17 | 4.48 | 4.74 | 5.17 | 5.28 | 4.81 | 4.75 | 4.78 | 4.91 |
Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q1 2022 Calculation
Financial leverage = Total assets ÷ Equity for controlling interests
= 70,113 ÷ 15,416 = 4.55
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. | United Parcel Service Inc. financial leverage ratio decreased from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022. |
Interest Coverage
Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
Net income | 2,662 | 3,093 | 2,329 | 2,676 | 4,792 | (3,347) | 1,957 | 1,768 | 965 | (106) | 1,750 | 1,685 | 1,111 | 453 | 1,508 | 1,485 | 1,345 | 1,104 | 1,264 | 1,384 | 1,158 | |||||||
Add: Income tax expense | 730 | 869 | 664 | 760 | 1,412 | (941) | 568 | 589 | 285 | (92) | 456 | 519 | 329 | 90 | 381 | 441 | 316 | 284 | 680 | 735 | 539 | |||||||
Add: Interest expense | 174 | 173 | 177 | 167 | 177 | 175 | 176 | 183 | 167 | 166 | 159 | 159 | 169 | 148 | 155 | 149 | 153 | 129 | 111 | 111 | 102 | |||||||
Earnings before interest and tax (EBIT) | 3,566 | 4,135 | 3,170 | 3,603 | 6,381 | (4,113) | 2,701 | 2,540 | 1,417 | (32) | 2,365 | 2,363 | 1,609 | 691 | 2,044 | 2,075 | 1,814 | 1,517 | 2,055 | 2,230 | 1,799 | |||||||
Solvency Ratio | ||||||||||||||||||||||||||||
Interest coverage1 | 20.95 | 24.91 | 12.99 | 12.33 | 10.56 | 3.63 | 9.58 | 9.32 | 9.39 | 9.66 | 11.07 | 10.63 | 10.34 | 10.95 | 12.71 | 13.77 | 15.11 | 16.78 | — | — | — | |||||||
Benchmarks | ||||||||||||||||||||||||||||
Interest Coverage, Competitors2 | ||||||||||||||||||||||||||||
American Airlines Group Inc. | -0.62 | -0.42 | -1.44 | -3.75 | -6.56 | -8.33 | -6.23 | -3.17 | 0.19 | 3.06 | 2.89 | 2.87 | 2.78 | 2.78 | 2.82 | 3.29 | 3.79 | 3.93 | — | — | — | |||||||
CSX Corp. | 8.17 | 7.86 | 7.48 | 6.98 | 5.73 | 5.81 | 5.79 | 6.01 | 6.72 | 6.86 | 7.17 | 7.41 | 7.67 | 7.74 | 7.89 | 7.56 | 7.22 | 6.75 | — | — | — | |||||||
Delta Air Lines Inc. | 1.60 | 1.31 | 0.77 | -5.42 | -12.62 | -15.78 | -19.54 | -9.28 | 16.64 | 21.59 | 21.83 | 20.75 | 18.76 | 17.56 | 15.27 | 14.55 | 15.01 | 15.40 | — | — | — | |||||||
Union Pacific Corp. | 8.53 | 8.33 | 8.05 | 7.66 | 6.91 | 7.12 | 7.20 | 7.58 | 8.28 | 8.38 | 8.79 | 9.04 | 9.40 | 9.90 | 10.56 | 11.20 | 11.44 | 11.61 | — | — | — | |||||||
United Airlines Holdings Inc. | -0.56 | -0.62 | -1.71 | -4.00 | -6.18 | -7.89 | -6.02 | -2.01 | 3.27 | 7.06 | 6.37 | 5.95 | 5.25 | 5.03 | 5.22 | 5.26 | 6.16 | 6.36 | — | — | — |
Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q1 2022 Calculation
Interest coverage
= (EBITQ1 2022
+ EBITQ4 2021
+ EBITQ3 2021
+ EBITQ2 2021)
÷ (Interest expenseQ1 2022
+ Interest expenseQ4 2021
+ Interest expenseQ3 2021
+ Interest expenseQ2 2021)
= (3,566 + 4,135 + 3,170 + 3,603)
÷ (174 + 173 + 177 + 167)
= 20.95
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. | United Parcel Service Inc. interest coverage ratio improved from Q3 2021 to Q4 2021 but then slightly deteriorated from Q4 2021 to Q1 2022. |