Delta Air Lines Balance Sheet
NYSE: DALConsumer DiscretionaryAir Freight/Delivery ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Delta Air Lines financial position
At the end of fiscal 2025, Delta Air Lines reported total assets of $81.32 billion, up 7.9% from a year earlier against total liabilities of $60.46 billion. Shareholders' equity stood at $20.85 billion, or 25.6% of assets. The company held $4.31 billion in cash and equivalents against $13.31 billion of debt, a net debt position of $9.00 billion.
The current ratio (current assets divided by current liabilities) was 0.40, meaning short-term obligations exceed short-term assets. Debt-to-equity was 0.64.
Summary generated from market data by MetaCap's automated system. Methodology
Delta Air Lines balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.31B | 3.07B | 2.74B | 3.27B | 7.93B | 8.31B | 2.88B | 1.56B | 1.81B | 2.76B |
| Short-Term Investments | — | 0 | 1.13B | 3.27B | 3.39B | 5.79B | 0 | 203.00M | 825.00M | 487.00M |
| Receivables | 2.85B | 3.22B | 3.13B | 3.18B | 2.40B | 1.40B | 2.85B | 2.31B | 2.38B | 2.06B |
| Total Current Assets | 10.97B | 9.84B | 10.27B | 13.01B | 15.94B | 17.40B | 8.25B | 6.34B | 7.80B | 7.45B |
| Property, Plant & Equipment | 39.74B | 37.59B | 35.49B | 33.11B | 28.75B | 26.53B | 31.31B | 28.34B | 26.56B | 24.38B |
| Goodwill | 9.75B | 9.75B | 9.75B | 9.75B | 9.75B | 9.75B | 9.78B | 9.78B | 9.79B | 9.79B |
| Intangible Assets | 5.97B | 5.97B | 5.98B | 5.99B | 6.00B | 6.01B | 5.16B | 4.83B | 4.85B | 4.84B |
| Total Assets | 81.32B | 75.37B | 73.64B | 72.29B | 72.46B | 72.00B | 64.53B | 60.27B | 53.67B | 51.85B |
| Accounts Payable | 5.23B | 4.65B | 4.45B | 5.11B | 4.24B | 2.84B | 3.27B | 2.98B | 3.63B | 2.57B |
| Short-Term Debt | 1.37B | 1.80B | 2.63B | 2.06B | 1.50B | 1.44B | 2.05B | 1.41B | 2.15B | 1.01B |
| Total Current Liabilities | 27.62B | 26.67B | 26.42B | 25.94B | 20.97B | 15.93B | 20.20B | 18.58B | 18.96B | 15.24B |
| Long-Term Debt | 11.94B | 13.55B | 15.98B | 19.33B | 23.58B | 26.53B | 8.05B | 7.96B | 6.29B | 6.00B |
| Total Liabilities | 60.46B | 60.08B | 62.54B | 65.71B | 68.57B | 70.46B | 49.17B | 46.58B | 41.14B | 39.98B |
| Shareholders' Equity | 20.85B | 15.29B | 11.11B | 6.58B | 3.89B | 1.53B | 15.36B | 13.69B | 12.53B | 11.28B |
| Retained Earnings | 13.34B | 8.78B | 5.65B | 1.17B | -148.00M | -428.00M | 12.45B | 10.04B | 8.26B | 7.90B |
| Total Debt | 13.31B | 15.35B | 18.61B | 21.38B | 25.08B | 27.97B | 10.11B | 9.37B | 8.44B | 7.01B |
| Net Cash (Debt) | -9.00B | -12.28B | -14.74B | -14.85B | -13.77B | -13.88B | -7.22B | -7.60B | -5.80B | -3.76B |
This table shows 10 annual periods of Delta Air Lines's balance sheet, from FY 2025 back to FY 2016, across 18 line items including cash & equivalents, short-term investments, receivables. Values in USD; B = billions, M = millions. Fiscal periods follow DAL's reporting calendar. What is a balance sheet?