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.

• For the quarter ending Q2 2026, Debt Ratio rose 38.13% year-over-year to 0.2; the trailing twelve-month figure through Jun 2026 stood at 0.2 (up 38.13% YoY), and the FY2025 full-year result was 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.
• Across five years, Debt Ratio topped out at 0.29 in Q1 2022 and bottomed at 0.14 in Q2 2025.
• Historically, Debt Ratio has averaged 0.21 across 5 years, with a median of 0.22 in 2023.
• The sharpest annual moves came in 2025 and 2026: Debt Ratio tumbled 36.93% in 2025, then soared 38.13% in 2026.
• Over 5 years, Debt Ratio stood at 0.23 in 2022, then declined by 4.03% to 0.22 in 2023, then fell by 9.55% to 0.2 in 2024, then fell by 15.04% to 0.17 in 2025, then grew 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.