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LUVSouthwest Airlines Co.

Debt to Assets Ratio: 21.79%

popular:market cap|pe ratio|revenue|price history|total return

Is the debt to assets ratio high or low?

The debt to assets ratio of 21.79% is 19% below its 5-year average of 26.91%, near the low end of its 5-year range (18.57%–36.02%).

As of Thursday, June 25, 2026. 5.14% above its 12-month average of 20.72%.

Debt/Equity|Total Debt|Total Assets|Interest Coverage|All Metrics
Debt to Assets

LUV Debt to Assets Ratio

21.79%

Reported quarterly debt to assets ratio; no daily interpolation.

-37.41% 5Y
LUV Debt to Assets Ratio

LUV Average Debt to Assets Ratio Chart

LUV Debt to Assets Ratio

LUV Current vs Average Debt to Assets Ratio Chart

LUV Debt to Assets Ratio Metrics

DEBT TO ASSETS RATIO

21.79%

DEBT TO ASSETS RATIO AVG TTM

20.72%

DEBT TO ASSETS RATIO AVG 3Y

23.60%

DEBT TO ASSETS RATIO AVG 5Y

26.91%

DEBT TO ASSETS RATIO AVG 10Y

22.52%

DEBT TO ASSETS RATIO AVG 15Y

20.44%

DEBT TO ASSETS RATIO AVG 20Y

19.74%

CURRENT VS TTM AVG

+5.14%

CURRENT VS 3Y AVG

-7.69%

CURRENT VS 5Y AVG

-19.03%

CURRENT VS 10Y AVG

-3.24%

CURRENT VS 15Y AVG

+6.60%

CURRENT VS 20Y AVG

+10.38%

LUV Competitors' Debt to Assets Ratio

NAMEMARKET CAPDEBT TO ASSETS RATIOTTM3Y5Y
Southwest Airlines Co. (LUV)$24.90B21.79%20.72%23.60%26.91%
J.B. Hunt Transport Services, Inc. (JBHT)vs ›$25.37B0.23%N/AN/AN/A
Everpure, Inc. (P)vs ›$24.21B0.05%N/AN/AN/A
Venture Global, Inc. (VG)vs ›$25.65B0.65%N/AN/AN/A
Sterling Infrastructure, Inc. (STRL)vs ›$26.61B0.13%N/AN/AN/A
Xylem Inc. (XYL)vs ›$26.63B0.12%N/AN/AN/A
XPO Logistics, Inc. (XPO)vs ›$23.11B0.57%N/AN/AN/A
ATI Inc. (ATI)vs ›$26.97B0.38%N/AN/AN/A
Hubbell Inc (HUBB)vs ›$27.38B0.32%N/AN/AN/A
Otis Worldwide Corporation (OTIS)vs ›$27.87B0.82%N/AN/AN/A

Leverage Ratios Comparison

Debt/Assets

21.8%

Debt/Equity

0.75

Current Ratio

0.52

Interest Coverage

3.8x

Formula: Debt/Assets = Total Debt / Total Assets × 100

Debt/Assets vs Debt/Equity:

  • Debt/Assets: Shows % of assets funded by creditors (bounded 0-100%)
  • Debt/Equity: Shows debt relative to shareholder investment (can exceed 100%)
  • Both measure leverage but from different perspectives

Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.

Debt to Assets Ratio Formula & Definition

Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Debt to Assets Ratio FAQ

What is the debt to assets ratio for Southwest Airlines Co. (LUV)?
The debt to assets ratio for LUV stock is 21.79%.
Is Southwest Airlines Co.'s debt to assets ratio high or low?
The debt to assets ratio of 21.79% is 19% below its 5-year average of 26.91%, near the low end of its 5-year range (18.57%–36.02%).
What is the TTM average debt to assets ratio for Southwest Airlines Co. (LUV)?
The TTM average debt to assets ratio for LUV stock is 20.72%.
What is the 3Y average debt to assets ratio for Southwest Airlines Co. (LUV)?
The 3Y average debt to assets ratio for LUV stock is 23.60%.
What is the 5Y average debt to assets ratio for Southwest Airlines Co. (LUV)?
The 5Y average debt to assets ratio for LUV stock is 26.91%.
What is the 10Y average debt to assets ratio for Southwest Airlines Co. (LUV)?
The 10Y average debt to assets ratio for LUV stock is 22.52%.
What is the 15Y average debt to assets ratio for Southwest Airlines Co. (LUV)?
The 15Y average debt to assets ratio for LUV stock is 20.44%.
What is the 20Y average debt to assets ratio for Southwest Airlines Co. (LUV)?
The 20Y average debt to assets ratio for LUV stock is 19.74%.

LUV Debt to Assets Ratio History

DATEDEBT TO ASSETS RATIO
2026-03-3121.79%
2025-12-3120.58%
2025-09-3018.57%
2025-06-3018.60%
2025-03-3124.07%
2024-12-3123.88%
2024-09-3026.10%
2024-06-3025.61%
2024-03-3125.43%
2023-12-3125.21%
2023-09-3025.08%
2023-06-3025.54%
2023-03-3126.38%
2022-12-3126.78%
2022-09-3028.13%
2022-06-3031.33%
2022-03-3132.85%
2021-12-3133.81%
2021-09-3034.53%
2021-06-3034.81%
2021-03-3136.02%
2020-12-3135.27%
2020-09-3035.37%
2020-06-3032.09%
2020-03-3123.62%
2019-12-3115.43%
2019-09-3016.55%
2019-06-3017.16%
2019-03-3117.70%
2018-12-3112.87%
2018-09-3012.82%
2018-06-3013.30%
2018-03-3114.08%
2017-12-3114.61%
2017-09-3012.70%
2017-06-3012.94%
2017-03-3112.90%
2016-12-3114.55%
2016-09-3014.30%
2016-06-3014.94%
2016-03-3114.87%
2015-12-3114.91%
2015-09-3012.61%
2015-06-3012.75%
2015-03-3112.70%
2014-12-3113.65%
2014-09-3013.30%
2014-06-3013.20%
2014-03-3114.09%
2013-12-3114.58%
2013-09-3014.85%
2013-06-3015.14%
2013-03-3115.56%
2012-12-3116.96%
2012-09-3017.15%
2012-06-3017.69%
2012-03-3117.57%
2011-12-3120.76%
2011-09-3023.52%
2011-06-3022.34%
2011-03-3120.31%
2010-12-3121.86%
2010-09-3022.87%
2010-06-3023.00%
2010-03-3123.92%
2009-12-3124.63%
2009-09-3025.36%
2009-06-3024.12%
2009-03-3125.46%
2008-12-3126.02%
2008-09-3014.59%
2008-06-3011.44%
2008-03-3111.75%
2007-12-3112.47%
2007-09-3010.87%
2007-06-3011.05%
2007-03-3111.79%
2006-12-3112.55%
2006-09-3013.20%
2006-06-3011.95%
2006-03-3113.19%
2005-12-3114.25%
2005-09-3013.63%
2005-06-3014.57%
2005-03-3115.09%
2004-12-3116.28%
2004-09-3016.39%
2004-06-3014.39%
2004-03-3115.35%
2003-12-3115.87%
2003-09-3017.07%
2003-06-3017.34%
2003-03-3118.44%
2002-12-3118.81%
2002-09-3018.88%
2002-06-3018.69%

Related Metrics

Debt/EquityTotal DebtTotal AssetsInterest CoverageAll Metrics

About Southwest Airlines Co.

Southwest Airlines Co. functions as a passenger airline, offering scheduled air travel services predominantly across the United States and to select neighboring international markets. As of December 31, 2021, the company maintained a consistent fleet of 728 Boeing 737 aircraft. Its extensive route network served 121 different locations, spanning 42 U.S. states, the District of Columbia, and the Commonwealth of Puerto Rico, along with 10 international countries close by. These international destinations include Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. To enhance the passenger journey, Southwest provides in-flight entertainment and internet access on its Wi-Fi-enabled planes. The airline also runs the Rapid Rewards loyalty program, enabling members to accumulate points proportional to the money spent on Southwest's base fares. For customer convenience in travel planning, the company offers a range of digital tools, including its official websites and mobile applications, as well as SWABIZ, a dedicated online booking platform for business clients. Additional services available include EarlyBird Check-In, preferred boarding options, and transportation for pets and unaccompanied minors. The company was founded in 1967 and its corporate headquarters are situated in Dallas, Texas.

Dallas, TX
71,506 employees
www.southwest.com
Industrials / Airlines, Airports & Air Services
Sector
Industrials
Industry
Airlines, Airports & Air Services
CEO
Robert E. Jordan
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