United Airlines Balance Sheet
NASDAQ: UALConsumer DiscretionaryAir Freight/Delivery ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
United Airlines financial position
At the end of fiscal 2025, United Airlines reported total assets of $76.45 billion, up 3.2% from a year earlier against total liabilities of $61.17 billion. Shareholders' equity stood at $15.28 billion, or 20.0% of assets. The company held $5.94 billion in cash and equivalents against $21.27 billion of debt, a net debt position of $15.32 billion.
The current ratio (current assets divided by current liabilities) was 0.65, meaning short-term obligations exceed short-term assets. Debt-to-equity was 1.39.
Summary generated from market data by MetaCap's automated system. Methodology
United Airlines 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 | 5.94B | 8.77B | 6.06B | 7.17B | 18.28B | 11.27B | 2.76B | 1.69B | 1.48B | 2.18B |
| Short-Term Investments | 6.30B | 5.71B | 8.33B | 9.25B | 123.00M | 414.00M | 2.18B | 2.26B | 2.32B | 2.25B |
| Receivables | 2.39B | 2.16B | 1.90B | 1.80B | 1.66B | 1.29B | 1.36B | 1.43B | 1.34B | 1.18B |
| Total Current Assets | 16.86B | 18.88B | 18.49B | 20.06B | 21.83B | 14.80B | 8.19B | 7.09B | 7.13B | 7.31B |
| Property, Plant & Equipment | 46.12B | 42.91B | 39.81B | 34.45B | 32.07B | 31.47B | 30.17B | 27.40B | 26.21B | 23.32B |
| Goodwill | 4.53B | 4.53B | 4.53B | 4.53B | 4.53B | 4.53B | 4.52B | 4.52B | 4.52B | 4.52B |
| Intangible Assets | 2.65B | 2.68B | 2.73B | 2.76B | 2.80B | 2.84B | 3.01B | 3.16B | 3.54B | 3.63B |
| Total Assets | 76.45B | 74.08B | 71.10B | 67.36B | 68.17B | 59.55B | 52.61B | 49.02B | 42.35B | 40.14B |
| Accounts Payable | 4.57B | 4.19B | 3.83B | 3.40B | 2.56B | 1.59B | 2.70B | 2.36B | 2.20B | 2.14B |
| Short-Term Debt | 4.10B | 2.97B | 4.02B | 2.91B | 3.00B | 1.91B | 1.41B | 1.23B | 1.56B | 849.00M |
| Total Current Liabilities | 26.13B | 23.31B | 22.20B | 19.99B | 18.30B | 12.72B | 14.94B | 13.84B | 12.76B | 12.29B |
| Long-Term Debt | 17.17B | 21.68B | 25.06B | 28.28B | 30.36B | 24.84B | 13.14B | 12.21B | 11.70B | 9.92B |
| Total Liabilities | 61.17B | 61.41B | 61.78B | 60.46B | 63.15B | 53.59B | 41.08B | 38.98B | 33.56B | 31.57B |
| Shareholders' Equity | 15.28B | 12.68B | 9.32B | 6.90B | 5.03B | 5.96B | 11.53B | 10.04B | 8.79B | 8.57B |
| Retained Earnings | 10.09B | 6.88B | 3.83B | 1.26B | 625.00M | 2.63B | 9.72B | 6.71B | 4.55B | 3.43B |
| Total Debt | 21.27B | 24.65B | 29.07B | 31.19B | 33.36B | 26.75B | 14.55B | 13.45B | 13.27B | 10.77B |
| Net Cash (Debt) | -9.03B | -10.18B | -14.69B | -14.78B | -14.96B | -15.06B | -9.61B | -9.49B | -9.47B | -6.34B |
| Shares Outstanding | 323.47M | 327.90M | 328.02M | 326.93M | 323.81M | 311.85M | 251.22M | 269.91M | 286.97M | 314.61M |
This table shows 10 annual periods of United Airlines's balance sheet, from FY 2025 back to FY 2016, across 20 line items including cash & equivalents, short-term investments, receivables. Values in USD; B = billions, M = millions. Fiscal periods follow UAL's reporting calendar. What is a balance sheet?