Southwest Airlines Company (LUV) — 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. See free cash flow generation of Southwest Airlines Company 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
Southwest Airlines Company Cash Flow-to-Debt Ratio (1989–2025)
Historical debt coverage capacity for Southwest Airlines Company across 37 annual periods. Also explore net asset momentum of Southwest Airlines Company to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Southwest Airlines Company (1989–2025)
Year-by-year debt coverage analysis for Southwest Airlines Company. For market capitalisation and broader financial context, see market cap of Southwest Airlines Company.
| 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 | — |