United Airlines Holdings Inc (UAL) — Cash Flow-to-Debt Ratio
United Airlines Holdings Inc (UAL) has a Cash Flow-to-Debt Ratio of 0.07x as of March 2026, meaning its operating cash flow of $4.80 Billion could theoretically repay 0% of its total liabilities ($65.06 Billion) in one year. See UAL cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
United Airlines Holdings Inc Cash Flow-to-Debt Ratio (1985–2025)
Historical debt coverage capacity for United Airlines Holdings Inc across 41 annual periods. Also explore United Airlines Holdings Inc annual equity growth to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for United Airlines Holdings Inc (1985–2025)
Year-by-year debt coverage analysis for United Airlines Holdings Inc. For market capitalisation and broader financial context, see UAL company net worth.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.14x | $8.43 Billion | $61.17 Billion | ▼ -10.4% |
| 2024 | 0.15x | $9.45 Billion | $61.41 Billion | ▲ +37.5% |
| 2023 | 0.11x | $6.91 Billion | $61.78 Billion | ▲ +11.5% |
| 2022 | 0.10x | $6.07 Billion | $60.46 Billion | ▲ +206.5% |
| 2021 | 0.03x | $2.07 Billion | $63.15 Billion | ▲ +142.4% |
| 2020 | -0.08x | $-4.13 Billion | $53.59 Billion | ▼ -145.9% |
| 2019 | 0.17x | $6.91 Billion | $41.08 Billion | ▲ +6.4% |
| 2018 | 0.16x | $6.16 Billion | $38.98 Billion | ▲ +53.0% |
| 2017 | 0.10x | $3.47 Billion | $33.61 Billion | ▼ -41.3% |
| 2016 | 0.18x | $5.54 Billion | $31.48 Billion | ▼ -6.3% |
| 2015 | 0.19x | $5.99 Billion | $31.89 Billion | ▲ +143.9% |
| 2014 | 0.08x | $2.63 Billion | $34.20 Billion | ▲ +80.4% |
| 2013 | 0.04x | $1.44 Billion | $33.83 Billion | ▲ +69.6% |
| 2012 | 0.03x | $935.00 Million | $37.15 Billion | ▼ -62.2% |
| 2011 | 0.07x | $2.41 Billion | $36.18 Billion | ▲ +32.2% |
| 2010 | 0.05x | $1.91 Billion | $37.87 Billion | ▲ +12.0% |
| 2009 | 0.04x | $966.00 Million | $21.50 Billion | ▲ +179.0% |
| 2008 | -0.06x | $-1.24 Billion | $21.79 Billion | ▼ -158.1% |
| 2007 | 0.10x | $2.13 Billion | $21.80 Billion | ▲ +45.5% |
| 2006 | 0.07x | $1.56 Billion | $23.22 Billion | ▲ +179.9% |
| 2005 | 0.02x | $1.08 Billion | $44.90 Billion | ▲ +1492.0% |
| 2004 | 0.00x | $-49.00 Million | $28.39 Billion | ▼ -104.8% |
| 2003 | 0.04x | $1.00 Billion | $27.89 Billion | ▲ +182.4% |
| 2002 | -0.04x | $-1.14 Billion | $26.14 Billion | ▼ -503.6% |
| 2001 | -0.01x | $-160.00 Million | $22.16 Billion | ▼ -105.6% |
| 2000 | 0.13x | $2.47 Billion | $19.16 Billion | ▼ -15.8% |
| 1999 | 0.15x | $2.42 Billion | $15.81 Billion | ▼ -26.8% |
| 1998 | 0.21x | $3.19 Billion | $15.28 Billion | ▲ +9.7% |
| 1997 | 0.19x | $2.57 Billion | $13.47 Billion | ▼ -9.5% |
| 1996 | 0.21x | $2.45 Billion | $11.65 Billion | ▲ +53.3% |
| 1995 | 0.14x | $1.62 Billion | $11.82 Billion | ▲ +23.9% |
| 1994 | 0.11x | $1.33 Billion | $12.03 Billion | ▲ +49.9% |
| 1993 | 0.07x | $858.00 Million | $11.60 Billion | ▲ +48.5% |
| 1992 | 0.05x | $575.30 Million | $11.55 Billion | ▲ +22.0% |
| 1991 | 0.04x | $338.00 Million | $8.28 Billion | ▼ -64.0% |
| 1990 | 0.11x | $715.80 Million | $6.31 Billion | ▼ -2.8% |
| 1989 | 0.12x | $658.50 Million | $5.64 Billion | ▼ -62.8% |
| 1988 | 0.31x | $1.72 Billion | $5.47 Billion | ▼ -26.6% |
| 1987 | 0.43x | $2.34 Billion | $5.47 Billion | ▲ +90.9% |
| 1986 | 0.22x | $926.60 Million | $4.13 Billion | ▲ +387.5% |
| 1985 | -0.08x | $-492.40 Million | $6.32 Billion | — |