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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Delta Air Lines (DAL) Debt to Equity (2016 - 2025)

Delta Air Lines (DAL) has disclosed Debt to Equity for 17 consecutive years, with $0.68 as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Debt to Equity fell 36.09% year-over-year to $0.68, compared with a TTM value of $0.68 through Dec 2025, down 36.09%, and an annual FY2025 reading of $0.68, down 36.09% over the prior year.
  • Debt to Equity was $0.68 for Q4 2025 at Delta Air Lines, down from $0.79 in the prior quarter.
  • Across five years, Debt to Equity topped out at $59.61 in Q1 2021 and bottomed at $0.68 in Q4 2025.
  • Average Debt to Equity over 5 years is $7.1, with a median of $2.3 recorded in 2023.
  • The sharpest move saw Debt to Equity surged 6636.37% in 2021, then tumbled 85.67% in 2022.
  • Year by year, Debt to Equity stood at $6.93 in 2021, then plummeted by 49.48% to $3.5 in 2022, then crashed by 48.39% to $1.81 in 2023, then plummeted by 41.36% to $1.06 in 2024, then plummeted by 36.09% to $0.68 in 2025.
  • Business Quant data shows Debt to Equity for DAL at $0.68 in Q4 2025, $0.79 in Q3 2025, and $0.86 in Q2 2025.