United Airlines Holdings, Inc. (UAL)

UAL Balance Sheet

Assets, liabilities, and equity analysis

UAL Quarterly Balance Sheet (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Total Current Assets	19.392B	19.392B	16.857B	18.094B	20.258B	20.148B	18.883B	18.571B	20.003B
Cash & Cash Equivalents	7.869B	7.869B	5.942B	6.730B	9.354B	9.370B	8.769B	8.812B	10.864B
Short-Term Investments	6.298B	6.298B	6.298B	6.599B	6.262B	5.960B	5.706B	5.352B	4.384B
Cash & Short-Term Investments	14.167B	14.167B	12.240B	13.329B	15.616B	15.330B	14.475B	14.164B	15.248B
Accounts Receivable	2.660B	2.660B	2.391B	2.433B	2.286B	2.288B	2.163B	2.042B	2.376B
Inventory	1.718B	1.718B	1.556B	1.588B	1.547B	1.601B	1.572B	1.639B	1.680B
Total Assets	80.941B	80.941B	76.448B	76.313B	77.163B	76.111B	74.083B	72.640B	73.254B
Property, Plant & Equipment	53.559B	53.559B	51.710B	49.789B	48.413B	47.522B	46.723B	45.462B	44.468B
Goodwill	4.527B	4.527B	4.527B	4.527B	4.527B	4.527B	4.527B	4.527B	4.527B
Intangible Assets	2.650B	2.650B	2.655B	2.662B	2.669B	2.676B	2.682B	2.691B	2.699B
Long-Term Investments	1.561B	1.561B	1.330B	1.242B	1.295B	1.239B	1.267B	1.209B	220.000M
Total Current Liabilities	27.781B	27.781B	26.133B	27.119B	28.992B	25.798B	23.314B	23.365B	25.855B
Accounts Payable	5.377B	5.377B	4.567B	4.636B	4.920B	4.694B	4.193B	4.008B	4.478B
Short-Term Debt	2.253B	2.253B	4.330B	4.621B	6.194B	3.265B	3.453B	3.279B	4.757B
Total Liabilities	65.065B	65.065B	61.167B	62.004B	63.789B	63.495B	61.408B	61.203B	62.728B
Long-Term Debt	21.940B	21.940B	20.562B	26.138B	20.885B	24.398B	25.203B	22.207B	21.687B
Total Debt	30.971B	30.971B	31.036B	36.653B	32.786B	32.925B	33.633B	30.585B	34.254B
Net Debt (Cash)	23.102B	23.102B	25.094B	29.923B	23.432B	23.555B	24.864B	21.773B	23.390B
Total Shareholders' Equity	15.876B	15.876B	15.282B	14.309B	13.374B	12.616B	12.675B	11.437B	10.526B
Common Stock	4.000M	4.000M	4.000M	4.000M	4.000M	4.000M	4.000M	4.000M	4.000M
Retained Earnings	10.730B	10.730B	10.092B	9.049B	8.110B	7.137B	6.880B	5.896B	4.986B
Current Ratio	0.70	0.70	0.65	0.67	0.70	0.78	0.81	0.79	0.77
Debt to Equity Ratio	1.95	1.95	2.03	2.56	2.45	2.61	2.65	2.67	3.25

UAL Annual Balance Sheet (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Total Current Assets	16.857B	18.883B	18.487B	20.058B	21.834B	14.800B	8.194B	7.094B
Cash & Cash Equivalents	5.942B	8.769B	6.058B	7.166B	18.283B	11.269B	2.762B	1.694B
Short-Term Investments	6.298B	5.706B	8.330B	9.248B	123.000M	414.000M	2.182B	2.256B
Cash & Short-Term Investments	12.240B	14.475B	14.388B	16.414B	18.406B	11.683B	4.944B	3.950B
Accounts Receivable	2.391B	2.163B	1.898B	1.801B	1.663B	1.295B	1.364B	1.426B
Inventory	1.556B	1.572B	1.561B	1.109B	983.000M	932.000M	1.072B	985.000M
Total Assets	76.448B	74.083B	71.104B	67.358B	68.175B	59.548B	52.611B	49.024B
Property, Plant & Equipment	51.710B	46.723B	43.729B	38.337B	36.719B	36.003B	34.928B	32.661B
Goodwill	4.527B	4.527B	4.527B	4.527B	4.527B	4.527B	4.523B	4.523B
Intangible Assets	2.655B	2.682B	2.725B	2.762B	2.803B	2.838B	3.009B	3.159B
Long-Term Investments	1.330B	1.267B	348.000M	1.373B	1.420B	1.000B	1.180B	966.000M
Total Current Liabilities	26.133B	23.314B	22.203B	19.992B	18.304B	12.725B	14.938B	13.839B
Accounts Payable	4.567B	4.193B	3.835B	3.395B	2.562B	1.595B	2.703B	2.363B
Short-Term Debt	4.330B	3.453B	4.247B	2.911B	3.002B	1.911B	1.407B	1.230B
Total Liabilities	61.167B	61.408B	61.780B	60.462B	63.146B	53.588B	41.080B	38.982B
Long-Term Debt	20.562B	25.203B	27.413B	28.283B	30.361B	24.836B	13.145B	12.215B
Total Debt	31.036B	33.633B	36.739B	36.433B	39.366B	32.751B	20.450B	19.787B
Net Debt (Cash)	25.094B	24.864B	30.681B	29.267B	21.083B	21.482B	17.688B	18.093B
Total Shareholders' Equity	15.282B	12.675B	9.324B	6.896B	5.029B	5.960B	11.531B	10.042B
Common Stock	4.000M	4.000M	4.000M	4.000M	4.000M	4.000M	3.000M	3.000M
Retained Earnings	10.092B	6.880B	3.831B	1.265B	625.000M	2.626B	9.716B	6.715B
Current Ratio	0.65	0.81	0.83	1.00	1.19	1.16	0.55	0.51
Debt to Equity Ratio	2.03	2.65	3.94	5.28	7.83	5.50	1.77	1.97

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About United Airlines Holdings, Inc.

United Airlines Holdings, Inc., through its various subsidiaries, delivers air travel solutions on a global scale. Its vast network extends across North America, Europe, Asia, Africa, the Pacific, the Middle East, and Latin America, facilitating the movement of both passengers and freight. The company operates these services using a combination of its primary and regional aircraft fleets. Beyond its core transportation offerings, United also provides specialized support to external clients, encompassing catering, ground handling, aviation training, and aircraft maintenance. Established in 1968, the enterprise has its principal offices in Chicago, Illinois. Notably, it adopted its current name, United Airlines Holdings, Inc., in June 2019, having previously operated as United Continental Holdings, Inc.

Chicago, IL

109,200 employees

www.united.com

Industrials / Airlines, Airports & Air Services

Sector: Industrials
Industry: Airlines, Airports & Air Services
CEO: J. Scott Kirby

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