United Airlines Holdings Inc (UAL) — Tangible Net Worth Ratio
United Airlines Holdings Inc (UAL) has a Tangible Net Worth Ratio of 84.2% as of June 2026. This metric is calculated by deducting intangible assets ($2.65 Billion) from net assets ($16.70 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore United Airlines Holdings Inc annual equity growth to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
United Airlines Holdings Inc Tangible Net Worth Ratio (1983–2025)
This chart shows how United Airlines Holdings Inc's Tangible Net Worth Ratio has changed across 35 annual periods from 1983 to 2025. As of June 2026, the ratio stands at 84.2%, reflecting net assets of $16.70 Billion with intangible assets of $2.65 Billion USD. For live market cap and overall valuation, see market value of United Airlines Holdings Inc.
Annual Tangible Net Worth Ratio for United Airlines Holdings Inc (1983–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for United Airlines Holdings Inc from 1983 to 2025, covering 35 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore UAL capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 82.6% | $15.28 Billion | $2.65 Billion | $76.45 Billion | ▲ +3.8 pp |
| 2024 | 78.8% | $12.68 Billion | $2.68 Billion | $74.08 Billion | ▲ +8.1 pp |
| 2023 | 70.8% | $9.32 Billion | $2.73 Billion | $71.10 Billion | ▲ +10.8 pp |
| 2022 | 59.9% | $6.90 Billion | $2.76 Billion | $67.36 Billion | ▲ +15.7 pp |
| 2021 | 44.3% | $5.03 Billion | $2.80 Billion | $68.17 Billion | ▼ -8.1 pp |
| 2020 | 52.4% | $5.96 Billion | $2.84 Billion | $59.55 Billion | ▼ -21.5 pp |
| 2019 | 73.9% | $11.53 Billion | $3.01 Billion | $52.61 Billion | ▲ +5.4 pp |
| 2018 | 68.5% | $10.04 Billion | $3.16 Billion | $49.02 Billion | ▲ +9.1 pp |
| 2017 | 59.5% | $8.73 Billion | $3.54 Billion | $42.35 Billion | ▲ +1.4 pp |
| 2016 | 58.1% | $8.66 Billion | $3.63 Billion | $40.14 Billion | ▲ +4.2 pp |
| 2015 | 53.9% | $8.97 Billion | $4.14 Billion | $40.86 Billion | ▲ +132.7 pp |
| 2014 | -78.8% | $2.40 Billion | $4.28 Billion | $36.59 Billion | ▼ -30.1 pp |
| 2013 | -48.7% | $2.98 Billion | $4.44 Billion | $36.81 Billion | ▲ +807.1 pp |
| 2012 | -855.7% | $481.00 Million | $4.60 Billion | $37.63 Billion | ▼ -692.7 pp |
| 2011 | -163.0% | $1.81 Billion | $4.75 Billion | $37.99 Billion | ▲ +21.7 pp |
| 2010 | -184.7% | $1.73 Billion | $4.92 Billion | $39.60 Billion | ▼ -166.0 pp |
| 2007 | -18.7% | $2.42 Billion | $2.87 Billion | $24.22 Billion | ▲ +22.2 pp |
| 2006 | -41.0% | $2.15 Billion | $3.03 Billion | $25.37 Billion | ▼ -108.5 pp |
| 2001 | 67.6% | $3.03 Billion | $984.00 Million | $25.20 Billion | ▼ -19.5 pp |
| 2000 | 87.1% | $5.19 Billion | $671.00 Million | $24.36 Billion | ▲ +12.6 pp |
| 1999 | 74.5% | $5.15 Billion | $1.32 Billion | $20.96 Billion | ▲ +9.1 pp |
| 1998 | 65.3% | $3.28 Billion | $1.14 Billion | $18.56 Billion | ▲ +10.3 pp |
| 1997 | 55.0% | $2.34 Billion | $1.05 Billion | $15.80 Billion | ▲ +48.8 pp |
| 1996 | 6.2% | $1.03 Billion | $962.00 Million | $12.68 Billion | ▼ -23.8 pp |
| 1993 | 30.0% | $1.24 Billion | $866.00 Million | $12.84 Billion | ▲ +58.5 pp |
| 1992 | -28.5% | $706.00 Million | $907.00 Million | $12.26 Billion | ▼ -128.5 pp |
| 1991 | 100.0% | $1.60 Billion | $0.00 | $9.88 Billion | ▲ +0.0 pp |
| 1990 | 100.0% | $1.67 Billion | $0.00 | $7.98 Billion | ▲ +0.0 pp |
| 1989 | 100.0% | $1.56 Billion | $0.00 | $7.21 Billion | ▲ +0.0 pp |
| 1988 | 100.0% | $1.23 Billion | $0.00 | $6.70 Billion | ▲ +0.0 pp |
| 1987 | 100.0% | $2.92 Billion | $0.00 | $8.39 Billion | ▲ +0.0 pp |
| 1986 | 100.0% | $2.29 Billion | $0.00 | $6.43 Billion | ▲ +0.0 pp |
| 1985 | 100.0% | $1.56 Billion | $0.00 | $7.87 Billion | ▲ +0.0 pp |
| 1984 | 100.0% | $1.64 Billion | $0.00 | $5.16 Billion | ▲ +0.0 pp |
| 1983 | 100.0% | $1.40 Billion | $0.00 | $5.13 Billion | — |