United Airlines Holdings Inc (UAL) — Net Asset Quality Index
United Airlines Holdings Inc (UAL) has a Net Asset Quality Index of 19.6% as of March 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $80.94 Billion minus total liabilities of $65.06 Billion yields net assets of $15.88 Billion. A higher index indicates a stronger, lower-leverage balance sheet. See United Airlines Holdings Inc (UAL) defensive interval to measure how many days the company can operate on defensive assets alone.
Quality Index
Net Assets
Total Assets
Total Liabilities
United Airlines Holdings Inc Net Asset Quality Index Over Time (1983–2025)
This chart shows how United Airlines Holdings Inc's Net Asset Quality Index has evolved across 43 annual periods from 1983 to 2025. As of March 2026, the index stands at 19.6%, representing net assets of $15.88 Billion against total assets of $80.94 Billion USD. Explore cash flow conversion of United Airlines Holdings Inc to assess how effectively this company generates cash.
Annual Net Asset Quality Index for United Airlines Holdings Inc (1983–2025)
The table below presents the year-by-year Net Asset Quality Index for United Airlines Holdings Inc from 1983 to 2025, covering 43 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For market capitalisation and the full company profile, see UAL market cap overview.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 20.0% | $15.28 Billion | $76.45 Billion | $61.17 Billion | ▲ +2.9 pp |
| 2024 | 17.1% | $12.68 Billion | $74.08 Billion | $61.41 Billion | ▲ +4.0 pp |
| 2023 | 13.1% | $9.32 Billion | $71.10 Billion | $61.78 Billion | ▲ +2.9 pp |
| 2022 | 10.2% | $6.90 Billion | $67.36 Billion | $60.46 Billion | ▲ +2.9 pp |
| 2021 | 7.4% | $5.03 Billion | $68.17 Billion | $63.15 Billion | ▼ -2.6 pp |
| 2020 | 10.0% | $5.96 Billion | $59.55 Billion | $53.59 Billion | ▼ -11.9 pp |
| 2019 | 21.9% | $11.53 Billion | $52.61 Billion | $41.08 Billion | ▲ +1.4 pp |
| 2018 | 20.5% | $10.04 Billion | $49.02 Billion | $38.98 Billion | ▼ -0.1 pp |
| 2017 | 20.6% | $8.73 Billion | $42.35 Billion | $33.61 Billion | ▼ -0.9 pp |
| 2016 | 21.6% | $8.66 Billion | $40.14 Billion | $31.48 Billion | ▼ -0.4 pp |
| 2015 | 21.9% | $8.97 Billion | $40.86 Billion | $31.89 Billion | ▲ +15.4 pp |
| 2014 | 6.5% | $2.40 Billion | $36.59 Billion | $34.20 Billion | ▼ -1.6 pp |
| 2013 | 8.1% | $2.98 Billion | $36.81 Billion | $33.83 Billion | ▲ +6.8 pp |
| 2012 | 1.3% | $481.00 Million | $37.63 Billion | $37.15 Billion | ▼ -3.5 pp |
| 2011 | 4.8% | $1.81 Billion | $37.99 Billion | $36.18 Billion | ▲ +0.4 pp |
| 2010 | 4.4% | $1.73 Billion | $39.60 Billion | $37.87 Billion | ▲ +19.4 pp |
| 2009 | -15.0% | $-2.81 Billion | $18.68 Billion | $21.50 Billion | ▼ -3.1 pp |
| 2008 | -11.9% | $-2.33 Billion | $19.46 Billion | $21.79 Billion | ▼ -21.9 pp |
| 2007 | 10.0% | $2.42 Billion | $24.22 Billion | $21.80 Billion | ▲ +1.5 pp |
| 2006 | 8.5% | $2.15 Billion | $25.37 Billion | $23.22 Billion | ▲ +140.6 pp |
| 2005 | -132.1% | $-25.56 Billion | $19.34 Billion | $44.90 Billion | ▼ -95.1 pp |
| 2004 | -37.1% | $-7.68 Billion | $20.70 Billion | $28.39 Billion | ▼ -10.2 pp |
| 2003 | -26.9% | $-5.92 Billion | $21.98 Billion | $27.89 Billion | ▼ -16.4 pp |
| 2002 | -10.5% | $-2.48 Billion | $23.66 Billion | $26.14 Billion | ▼ -22.5 pp |
| 2001 | 12.0% | $3.03 Billion | $25.20 Billion | $22.16 Billion | ▼ -9.3 pp |
| 2000 | 21.3% | $5.19 Billion | $24.36 Billion | $19.16 Billion | ▼ -3.3 pp |
| 1999 | 24.6% | $5.15 Billion | $20.96 Billion | $15.81 Billion | ▲ +6.9 pp |
| 1998 | 17.7% | $3.28 Billion | $18.56 Billion | $15.28 Billion | ▲ +2.9 pp |
| 1997 | 14.8% | $2.34 Billion | $15.80 Billion | $13.47 Billion | ▲ +6.7 pp |
| 1996 | 8.1% | $1.03 Billion | $12.68 Billion | $11.65 Billion | ▲ +9.6 pp |
| 1995 | -1.5% | $-180.00 Million | $11.64 Billion | $11.82 Billion | ▲ +0.7 pp |
| 1994 | -2.3% | $-267.00 Million | $11.76 Billion | $12.03 Billion | ▼ -11.9 pp |
| 1993 | 9.6% | $1.24 Billion | $12.84 Billion | $11.60 Billion | ▲ +3.9 pp |
| 1992 | 5.8% | $706.00 Million | $12.26 Billion | $11.55 Billion | ▼ -10.4 pp |
| 1991 | 16.2% | $1.60 Billion | $9.88 Billion | $8.28 Billion | ▼ -4.8 pp |
| 1990 | 20.9% | $1.67 Billion | $7.98 Billion | $6.31 Billion | ▼ -0.8 pp |
| 1989 | 21.7% | $1.56 Billion | $7.21 Billion | $5.64 Billion | ▲ +3.4 pp |
| 1988 | 18.3% | $1.23 Billion | $6.70 Billion | $5.47 Billion | ▼ -16.5 pp |
| 1987 | 34.8% | $2.92 Billion | $8.39 Billion | $5.47 Billion | ▼ -0.8 pp |
| 1986 | 35.7% | $2.29 Billion | $6.43 Billion | $4.13 Billion | ▲ +15.9 pp |
| 1985 | 19.8% | $1.56 Billion | $7.87 Billion | $6.32 Billion | ▼ -12.0 pp |
| 1984 | 31.8% | $1.64 Billion | $5.16 Billion | $3.52 Billion | ▲ +4.6 pp |
| 1983 | 27.2% | $1.40 Billion | $5.13 Billion | $3.74 Billion | — |