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Debt-to-assets at other companies

Delta Air Lines logo
Delta Air LinesDAL
0.2×0.0×
Southwest Airlines logo
Southwest AirlinesLUV
0.2×0.0×
United Parcel Service, Inc. logo
United Parcel Service, Inc.UPS
0.1×0.0×
Uber Technologies logo
Uber TechnologiesUBER
0.2×0.0×
Expeditors International of Washington logo
Expeditors International of WashingtonEXPD
0.1×0.0×

Other financials

Income statement

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Revenue$14.6B+10.6%
Operating income$997.0M+64.3%
Net income$699.0M+80.6%
EPS (diluted)$2.14+84.5%

Balance sheet

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Cash & equivalents$8.0B-17.7%
Total debt$31.0B-5.9%
Total equity$15.9B+25.8%
Total assets$80.9B+6.3%

Cash flow

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Operating cash flow$4.8B+29.4%
CapEx$1.7B+35.6%
Free cash flow$3.1B+26.2%

Valuation

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Market cap$38.4B+31.7%
Enterprise value$61.36B+15.2%
P/E10.5×+2.5×
P/S0.6×+0.1×

Profitability

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Operating margin8.4%-1.3pp
Net margin6.1%-0.3pp
FCF margin7%+6.0pp

Returns & leverage

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Return on equity25.7%-7.8pp
Debt / equity-0.7×
Current ratio0.7×-0.1×

Where this comes from

Calculated from United Airlines Holdings’s reported figures.

Based on the most recent quarter.

The official record: United Airlines Holdings’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is United Airlines Holdings's debt-to-assets?
United Airlines Holdings (UAL) reported debt-to-assets of 0.4× in Q1 2026.
How has United Airlines Holdings's debt-to-assets changed year-over-year?
United Airlines Holdings's debt-to-assets decreased by 11.6% year-over-year, from 0.4× to 0.4×.
What is the long-term trend for United Airlines Holdings's debt-to-assets?
Over 5 years (2020 to 2025), United Airlines Holdings's debt-to-assets has grown at a -7.9% compound annual growth rate (CAGR), from 0.6× to 0.4×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.