Current Liabilities
Commercial Paper Outstanding
Southwest Airlines Commercial Paper Outstanding decreased by 27.9% to $272.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 27.9%, from $377.00M to $272.00M. Over 5 years (FY 2020 to FY 2025), Commercial Paper Outstanding shows an upward trend with a 14.5% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementBalance Sheet Statement
SectionCurrent Liabilities
CategoryLiquidity
SignalLower is better
VolatilityModerate
First reportedQ4 2015
Last reportedQ4 2025Feb 5, 2026
How to read this metric
High levels indicate reliance on short-term funding, which may increase sensitivity to interest rate fluctuations.
Detailed definition
This represents the total aggregate principal amount of short-term, unsecured promissory notes issued by the company to...
Peer comparison
Common for large corporations with high credit ratings and consistent cash flow needs.
Metric ID:
commercial_paper_outstandingHistorical Data
5 periods
| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $124.00M | $162.00M | $110.00M | $377.00M | $272.00M |
| QoQ Change | — | +30.6% | -32.1% | +242.7% | -27.9% |
| YoY Change | — | +30.6% | -32.1% | +242.7% | -27.9% |
Range$110.00M – $377.00M
CAGR+119.4%
Avg YoY Growth+53.4%
Median YoY Growth+1.4%
Commercial Paper Outstanding at Other Companies
Frequently Asked Questions
- What is Southwest Airlines's commercial paper outstanding?
- Southwest Airlines (LUV) reported commercial paper outstanding of $272.00M in Q4 2025.
- How has Southwest Airlines's commercial paper outstanding changed year-over-year?
- Southwest Airlines's commercial paper outstanding decreased by 27.9% year-over-year, from $377.00M to $272.00M.
- What is the long-term trend for Southwest Airlines's commercial paper outstanding?
- Over 5 years (2020 to 2025), Southwest Airlines's commercial paper outstanding has grown at a 14.5% compound annual growth rate (CAGR), from $138.00M to $272.00M.
- What does commercial paper outstanding mean?
- The total amount of short-term debt the company has issued to fund daily operations.