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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Southwest Airlines (LUV) Debt Ratio (2016 - 2026)

Southwest Airlines has reported Debt Ratio over the past 18 years, most recently at 0.18 for Q1 2026.

  • Quarterly Debt Ratio fell 8.95% to 0.18 in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 0.18 through Mar 2026, down 8.95% year-over-year, with the annual reading at 0.17 for FY2025, 15.04% down from the prior year.
  • Debt Ratio was 0.18 for Q1 2026 at Southwest Airlines, up from 0.17 in the prior quarter.
  • Over five years, Debt Ratio peaked at 0.29 in Q1 2022 and troughed at 0.14 in Q2 2025.
  • The 5-year median for Debt Ratio is 0.22 (2023), against an average of 0.21.
  • Biggest five-year swings in Debt Ratio: increased 6.0% in 2024 and later plummeted 36.93% in 2025.
  • Tracing LUV's Debt Ratio over 5 years: stood at 0.23 in 2022, then dropped by 4.03% to 0.22 in 2023, then decreased by 9.55% to 0.2 in 2024, then decreased by 15.04% to 0.17 in 2025, then rose by 8.82% to 0.18 in 2026.
  • According to Business Quant data, Debt Ratio over the past three periods came in at 0.18, 0.17, and 0.14 for Q1 2026, Q4 2025, and Q3 2025 respectively.