Delta Air Lines, Inc. DAL
84.94
2.18
2.63%
as of 25 Sep
- Market cap
- $54.8B
- P/E
- 14.0×
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Delta Air Lines, Inc. (DAL) Debt to equity
Delta Air Lines, Inc.'s debt to equity at the end of the quarter to 30 June 2026 was 0.6×, down 0.0× from fiscal 2025 (0.7×). Over the past ten years it has ranged from 0.6× (fiscal 2016) to 19.4× (fiscal 2020); the current reading is higher than 18% of that period. That is below the Airlines industry median of 0.8× and above the Industrials sector median of 0.3×.
Debt to equity, annual
Annual
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 0.7× | (36.09%) |
| FY2024 | 1.1× | (41.36%) |
| FY2023 | 1.8× | (48.39%) |
| FY2022 | 3.5× | (49.48%) |
| FY2021 | 6.9× | (64.39%) |
| FY2020 | 19.4× | 2,576.37% |
| FY2019 | 0.7× | 1.79% |
| FY2018 | 0.7× | 1.26% |
| FY2017 | 0.7× | 18.15% |
| FY2016 | 0.6× | (22.26%) |
Quarterly
| Period | Debt to equity | Change |
|---|---|---|
| Jun 2026 | 0.6× | (7.98%) |
| Mar 2026 | 0.7× | 2.72% |
| Dec 2025 | 0.7× | (14.40%) |
| Sep 2025 | 0.8× | (8.43%) |
| 42 more quarters | Free account |
Against its own ten years
Low 0.6×
High 19.4×
Ten-year median
0.8×
Current reading's percentile
18
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| AAL American Airlines Group Inc. compare | −7.3× |
| LTM LATAM Airlines Group S.A. compare | 0.0× |
| RYAAY Ryanair Holdings PLC compare | 0.0× |
| DAL Delta Air Lines, Inc. | 0.6× |
| CPA Copa Holdings, S.A. compare | 0.8× |
| LUV Southwest Airlines Co. compare | 0.8× |
| UAL United Airlines Holdings Inc compare | 1.6× |
| ALK Alaska Air Group, Inc. compare | 1.7× |
| ZNH China Southern Airlines Company Limited compare | 2.8× |
| Airlines industry median | 0.8× |
| Industrials sector median | 0.3× |
| Market median | 0.2× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on DAL
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement