Alaska Air (ALK) Debt Ratio (2009 - 2026)
Alaska Air's Debt Ratio came in at 0.29 for Q2 2026, up 17.9% from 0.25 a year earlier and up 12.0% from the prior quarter.
Powered by 
Analysis
Alaska Air (ALK) Debt Ratio (2009 - 2026) Analysis & Trends
For FY2025, Alaska Air's Debt Ratio was 0.27, up 8.1% from FY2024.
- Debt Ratio has increased in each of the last three years.
- Going back by year, Debt Ratio was 0.25 in FY2024 (+49.2%), 0.17 in FY2023 (+11.1%), 0.15 in FY2022 (-16.4%) and 0.18 in FY2021 (-26.9%).
- The Q2 2026 figure represents the highest quarterly Debt Ratio since Q4 2016.
- Year-over-year, Debt Ratio has increased for 13 consecutive quarters, with growth averaging 24.7% over the last eight quarters.
- The fastest year-over-year change in Debt Ratio over five years came in Q4 2024 (growth of 49.2%), and the weakest in Q1 2022 (a decline of 33.4%).
- Business Quant data shows ALK's Debt Ratio at 0.26 (Q1 2026), 0.27 (Q4 2025) and 0.25 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 171.86 Bn | 166.38 Bn | - | 0.43 |
| 2 | Csx | 89.61 Bn | 85.81 Bn | - | 0.42 |
| 3 | United Parcel Service | 84.21 Bn | 61.11 Bn | - | 0.34 |
| 4 | Canadian Pacific Kansas City | 77.91 Bn | 76.93 Bn | - | 0.28 |
| 5 | Norfolk Southern | 73.58 Bn | 68.22 Bn | - | 0.37 |
| 6 | Fedex | 71.06 Bn | 37.00 Bn | - | 0.26 |
| 7 | Delta Air Lines | 51.19 Bn | 33.38 Bn | - | 0.16 |
| 8 | Old Dominion Freight Line | 39.28 Bn | 38.54 Bn | - | 0.00 |
| 9 | United Airlines Holdings | 32.90 Bn | -23.47 Bn | - | 0.31 |
| 10 | Alaska Air | 3.93 Bn | -3.89 Bn | - | 0.29 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.29 |
| Mar 31, 2026 | 0.26 |
| Dec 31, 2025 | 0.27 |
| Sep 30, 2025 | 0.25 |
| Jun 30, 2025 | 0.25 |
| Mar 31, 2025 | 0.24 |
| Dec 31, 2024 | 0.25 |
| Sep 30, 2024 | 0.24 |
| Jun 30, 2024 | 0.17 |
| Mar 31, 2024 | 0.17 |
| Dec 31, 2023 | 0.17 |
| Sep 30, 2023 | 0.19 |
| Jun 30, 2023 | 0.17 |
| Mar 31, 2023 | 0.14 |
| Dec 31, 2022 | 0.15 |
| Sep 30, 2022 | 0.15 |
| Jun 30, 2022 | 0.16 |
| Mar 31, 2022 | 0.17 |
| Dec 31, 2021 | 0.18 |
| Sep 30, 2021 | 0.19 |
API Access
Alaska Air Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=ALK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "ALK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=ALK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();