Delta Air Lines (DAL) Debt Ratio (2009 - 2026)
Delta Air Lines' (DAL) Debt Ratio came in at 0.16 for Q3 2026, down 19.2% from 0.20 a year earlier and down 7.0% from the prior quarter.
Powered by 
Analysis
Delta Air Lines (DAL) Debt Ratio (2009 - 2026) Analysis & Trends
For FY2025, Delta Air Lines' Debt Ratio stood at 0.19, down 18.5% from FY2024.
- Annual Debt Ratio has declined for five consecutive years.
- In prior years, Delta Air Lines' Debt Ratio was 0.23 in FY2024 (-20.1%), 0.29 in FY2023 (-13.9%), 0.33 in FY2022 (-13.7%) and 0.39 in FY2021 (-8.0%).
- The Q3 2026 figure stands as the lowest quarterly Debt Ratio since Q4 2016.
- On a year-over-year basis, Debt Ratio has declined in each of the last 21 quarters, with an average decline of 18.6% over the last eight quarters.
- Over the past five years, the year-over-year decline in Debt Ratio ranged from 8.0% (Q4 2021) to 20.1% (Q4 2024).
- According to Business Quant data, Debt Ratio for the three prior quarters was 0.17 (Q2 2026), 0.18 (Q1 2026) and 0.19 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 170.80 Bn | 165.33 Bn | - | 0.43 |
| 2 | Csx | 89.17 Bn | 85.38 Bn | - | 0.42 |
| 3 | United Parcel Service | 83.81 Bn | 60.70 Bn | - | 0.34 |
| 4 | Canadian Pacific Kansas City | 77.31 Bn | 76.33 Bn | - | 0.28 |
| 5 | Norfolk Southern | 73.23 Bn | 67.87 Bn | - | 0.37 |
| 6 | Fedex | 70.82 Bn | 36.77 Bn | - | 0.26 |
| 7 | Delta Air Lines | 50.27 Bn | 32.46 Bn | - | 0.16 |
| 8 | Old Dominion Freight Line | 39.09 Bn | 38.36 Bn | - | 0.00 |
| 9 | United Airlines Holdings | 31.83 Bn | -24.55 Bn | - | 0.31 |
| 10 | Ryanair Holdings | 28.53 Bn | 12.18 Bn | - | 0.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.16 |
| Jun 30, 2026 | 0.17 |
| Mar 31, 2026 | 0.18 |
| Dec 31, 2025 | 0.19 |
| Sep 30, 2025 | 0.20 |
| Jun 30, 2025 | 0.21 |
| Mar 31, 2025 | 0.22 |
| Dec 31, 2024 | 0.23 |
| Sep 30, 2024 | 0.25 |
| Jun 30, 2024 | 0.25 |
| Mar 31, 2024 | 0.27 |
| Dec 31, 2023 | 0.29 |
| Sep 30, 2023 | 0.28 |
| Jun 30, 2023 | 0.29 |
| Mar 31, 2023 | 0.32 |
| Dec 31, 2022 | 0.33 |
| Sep 30, 2022 | 0.34 |
| Jun 30, 2022 | 0.35 |
| Mar 31, 2022 | 0.36 |
| Dec 31, 2021 | 0.39 |
API Access
Delta Air Lines 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=DAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "DAL", "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=DAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();