Southwest Airlines Company Cash Flow-to-Debt Ratio
Southwest Airlines Company cash flow-to-debt ratio. Southwest Airlines Company (LUV) has a Cash Flow-to-Debt Ratio of 0.06x as of March 2026, meaning its operating cash flow of $1.42 Billion could theoretically repay 0% of its total liabilities ($22.48 Billion) in one year. Check LUV capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Cash Flow-to-Debt Ratio of Southwest Airlines Company (1989–2025)
Cash flow-to-debt ratio of Southwest Airlines Company from 1989 to 2025. Historical debt coverage capacity for Southwest Airlines Company across 37 annual periods. Check Southwest Airlines Company (LUV) cash flow quality to evaluate the quality of earnings relative to operating cash generation.
Southwest Airlines Company Cash Flow-to-Debt Ratio by Year (1989–2025)
Southwest Airlines Company cash flow-to-debt ratio by year from 1989 to 2025. Year-by-year debt coverage analysis for Southwest Airlines Company. For the full cash flow conversion analysis, see LUV operating cash flow.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.09x | $1.84 Billion | $21.08 Billion | ▲ +342.6% |
| 2024 | 0.02x | $462.00 Million | $23.40 Billion | ▼ -83.8% |
| 2023 | 0.12x | $3.16 Billion | $25.97 Billion | ▼ -20.7% |
| 2022 | 0.15x | $3.79 Billion | $24.68 Billion | ▲ +71.3% |
| 2021 | 0.09x | $2.32 Billion | $25.91 Billion | ▲ +304.5% |
| 2020 | -0.04x | $-1.13 Billion | $25.71 Billion | ▼ -117.7% |
| 2019 | 0.25x | $3.99 Billion | $16.06 Billion | ▼ -16.9% |
| 2018 | 0.30x | $4.89 Billion | $16.39 Billion | ▲ +11.5% |
| 2017 | 0.27x | $3.93 Billion | $14.68 Billion | ▼ -7.5% |
| 2016 | 0.29x | $4.29 Billion | $14.85 Billion | ▲ +24.6% |
| 2015 | 0.23x | $3.24 Billion | $13.95 Billion | ▲ +6.3% |
| 2014 | 0.22x | $2.90 Billion | $13.29 Billion | ▲ +5.3% |
| 2013 | 0.21x | $2.49 Billion | $12.01 Billion | ▲ +16.7% |
| 2012 | 0.18x | $2.06 Billion | $11.62 Billion | ▲ +43.5% |
| 2011 | 0.12x | $1.39 Billion | $11.19 Billion | ▼ -26.9% |
| 2010 | 0.17x | $1.56 Billion | $9.23 Billion | ▲ +51.2% |
| 2009 | 0.11x | $985.00 Million | $8.80 Billion | ▲ +168.8% |
| 2008 | -0.16x | $-1.52 Billion | $9.36 Billion | ▼ -156.2% |
| 2007 | 0.29x | $2.85 Billion | $9.83 Billion | ▲ +44.3% |
| 2006 | 0.20x | $1.41 Billion | $7.01 Billion | ▼ -32.1% |
| 2005 | 0.30x | $2.23 Billion | $7.54 Billion | ▲ +48.5% |
| 2004 | 0.20x | $1.16 Billion | $5.81 Billion | ▼ -28.1% |
| 2003 | 0.28x | $1.34 Billion | $4.83 Billion | ▲ +141.2% |
| 2002 | 0.11x | $520.21 Million | $4.53 Billion | ▼ -61.5% |
| 2001 | 0.30x | $1.48 Billion | $4.98 Billion | ▼ -26.1% |
| 2000 | 0.40x | $1.30 Billion | $3.22 Billion | ▲ +13.4% |
| 1999 | 0.36x | $1.00 Billion | $2.82 Billion | ▼ -7.0% |
| 1998 | 0.38x | $886.13 Million | $2.32 Billion | ▲ +40.1% |
| 1997 | 0.27x | $610.59 Million | $2.24 Billion | ▼ -7.9% |
| 1996 | 0.30x | $615.23 Million | $2.08 Billion | ▲ +18.8% |
| 1995 | 0.25x | $456.44 Million | $1.83 Billion | ▼ -4.2% |
| 1994 | 0.26x | $412.67 Million | $1.58 Billion | ▲ +0.9% |
| 1993 | 0.26x | $392.70 Million | $1.52 Billion | ▲ +40.3% |
| 1992 | 0.18x | $264.50 Million | $1.44 Billion | ▲ +115.3% |
| 1991 | 0.09x | $103.20 Million | $1.21 Billion | ▼ -33.9% |
| 1990 | 0.13x | $111.90 Million | $866.20 Million | ▼ -36.3% |
| 1989 | 0.20x | $168.00 Million | $827.80 Million | — |