United Airlines Holdings (UAL) Debt Ratio (2009 - 2026)
United Airlines Holdings' (UAL) Debt Ratio came in at 0.31 for Q2 2026, down 10.8% from 0.35 a year earlier but up 4.7% from the prior quarter.
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Analysis
United Airlines Holdings (UAL) Debt Ratio (2009 - 2026) Analysis & Trends
For FY2025, United Airlines Holdings' Debt Ratio stood at 0.33, down 15.5% from FY2024.
- Annual Debt Ratio has declined for four consecutive years.
- In prior years, United Airlines Holdings' Debt Ratio was 0.39 in FY2024 (-13.1%), 0.45 in FY2023 (-3.9%), 0.46 in FY2022 (-5.4%) and 0.49 in FY2021 (+9.0%).
- Quarterly Debt Ratio has run from a low of 0.30 in Q1 2026 to a high of 0.49 in Q4 2021 over five years.
- On a year-over-year basis, Debt Ratio has declined in each of the last 17 quarters, with an average decline of 10.2% over the last eight quarters.
- The strongest year-over-year quarter for Debt Ratio in the past five years was Q3 2021, with growth of 11.0%; the weakest was Q1 2026, with a decline of 17.8%.
- According to Business Quant data, Debt Ratio for the three prior quarters was 0.30 (Q1 2026), 0.33 (Q4 2025) and 0.33 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 177.13 Bn | 169.38 Bn | - | 0.42 |
| 2 | Csx | 95.25 Bn | 90.48 Bn | - | 0.42 |
| 3 | Canadian Pacific Kansas City | 79.66 Bn | 79.37 Bn | - | 0.28 |
| 4 | United Parcel Service | 76.08 Bn | 53.01 Bn | - | 0.34 |
| 5 | Norfolk Southern | 75.89 Bn | 70.35 Bn | - | 0.36 |
| 6 | Fedex | 71.92 Bn | 37.86 Bn | - | 0.26 |
| 7 | Delta Air Lines | 52.14 Bn | 34.32 Bn | - | 0.16 |
| 8 | Old Dominion Freight Line | 39.40 Bn | 38.66 Bn | - | 0.00 |
| 9 | United Airlines Holdings | 33.14 Bn | -24.56 Bn | - | 0.31 |
| 10 | Ryanair Holdings | 28.01 Bn | 11.66 Bn | - | 0.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.31 |
| Jun 30, 2026 | 0.31 |
| Mar 31, 2026 | 0.30 |
| Dec 31, 2025 | 0.33 |
| Sep 30, 2025 | 0.33 |
| Jun 30, 2025 | 0.35 |
| Mar 31, 2025 | 0.36 |
| Dec 31, 2024 | 0.39 |
| Sep 30, 2024 | 0.35 |
| Jun 30, 2024 | 0.36 |
| Mar 31, 2024 | 0.38 |
| Dec 31, 2023 | 0.45 |
| Sep 30, 2023 | 0.40 |
| Jun 30, 2023 | 0.41 |
| Mar 31, 2023 | 0.44 |
| Dec 31, 2022 | 0.46 |
| Sep 30, 2022 | 0.46 |
| Jun 30, 2022 | 0.46 |
| Mar 31, 2022 | 0.47 |
| Dec 31, 2021 | 0.49 |
API Access
United Airlines Holdings Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=UAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "UAL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=UAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();