Southwest Airlines (LUV) Debt Ratio (2009 - 2026)

Southwest Airlines (LUV) has reported Debt Ratio for 18 consecutive years, with 0.2 the latest figure, recorded in Q2 2026.

• Quarterly Debt Ratio rose 38.13% year-over-year to 0.2 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 0.2 (up 38.13% YoY) and the FY2025 annual result came in at 0.17, down 15.04% from the prior year.
• Debt Ratio advanced to 0.2 in Q2 2026 per LUV's latest filing, from 0.18 in the prior quarter.
• Over the last five years, Debt Ratio for LUV reached as high as 0.29 in Q1 2022 and fell as low as 0.0 in Q1 2024.
• A 5-year average of 0.15 and a median of 0.18 in 2025 frame the typical range for Debt Ratio.
• Annual changes were most pronounced in 2023 — Debt Ratio sank 99.69% — and 2025, when it soared 25827.0%.
• Year by year, Debt Ratio stood at 0.23 in 2022, then fell by 4.03% to 0.22 in 2023, then retreated by 9.55% to 0.2 in 2024, then retreated by 15.04% to 0.17 in 2025, then increased by 17.05% to 0.2 in 2026.
• According to Business Quant data, Debt Ratio over the past three periods registered 0.2, 0.18, and 0.17 for Q2 2026, Q1 2026, and Q4 2025 respectively.