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Southwest Airlines (LUV) Debt to Equity (2016 - 2025)

Southwest Airlines (LUV) has disclosed Debt to Equity for 17 consecutive years, with $0.61 as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Debt to Equity fell 5.12% year-over-year to $0.61, compared with a TTM value of $0.61 through Dec 2025, down 5.12%, and an annual FY2025 reading of $0.61, down 5.12% over the prior year.
  • Debt to Equity was $0.61 for Q4 2025 at Southwest Airlines, up from $0.53 in the prior quarter.
  • Across five years, Debt to Equity topped out at $1.18 in Q1 2021 and bottomed at $0.51 in Q2 2025.
  • Average Debt to Equity over 5 years is $0.82, with a median of $0.77 recorded in 2024.
  • The sharpest move saw Debt to Equity skyrocketed 111.48% in 2021, then tumbled 32.88% in 2025.
  • Year by year, Debt to Equity stood at $1.03 in 2021, then decreased by 26.53% to $0.76 in 2022, then rose by 0.62% to $0.76 in 2023, then decreased by 15.0% to $0.65 in 2024, then dropped by 5.12% to $0.61 in 2025.
  • Business Quant data shows Debt to Equity for LUV at $0.61 in Q4 2025, $0.53 in Q3 2025, and $0.51 in Q2 2025.