Delta Air Lines Inc (DAL) — Tangible Net Worth Ratio
Delta Air Lines Inc (DAL) has a Tangible Net Worth Ratio of 70.7% as of March 2026. This metric is calculated by deducting intangible assets ($5.96 Billion) from net assets ($20.38 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. See how liquid is Delta Air Lines Inc's working capital to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Delta Air Lines Inc Tangible Net Worth Ratio (1985–2025)
This chart shows how Delta Air Lines Inc's Tangible Net Worth Ratio has changed across 34 annual periods from 1985 to 2025. As of March 2026, the ratio stands at 70.7%, reflecting net assets of $20.38 Billion with intangible assets of $5.96 Billion USD. See how many days can Delta Air Lines Inc fund operations to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Delta Air Lines Inc (1985–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Delta Air Lines Inc from 1985 to 2025, covering 34 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. For the full company profile including market capitalisation, see DAL stock market capitalisation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 71.3% | $20.75 Billion | $5.97 Billion | $81.19 Billion | ▲ +10.3 pp |
| 2024 | 60.9% | $15.29 Billion | $5.97 Billion | $75.37 Billion | ▲ +14.8 pp |
| 2023 | 46.1% | $11.11 Billion | $5.98 Billion | $73.64 Billion | ▲ +37.3 pp |
| 2022 | 8.8% | $6.57 Billion | $5.99 Billion | $72.28 Billion | ▲ +62.7 pp |
| 2021 | -53.9% | $3.90 Billion | $6.00 Billion | $72.47 Billion | ▲ +237.9 pp |
| 2020 | -291.9% | $1.53 Billion | $6.01 Billion | $72.00 Billion | ▼ -358.2 pp |
| 2019 | 66.3% | $15.36 Billion | $5.17 Billion | $64.53 Billion | ▲ +1.6 pp |
| 2018 | 64.7% | $13.69 Billion | $4.83 Billion | $60.27 Billion | ▲ +4.6 pp |
| 2017 | 60.1% | $12.15 Billion | $4.85 Billion | $53.29 Billion | ▼ -0.4 pp |
| 2016 | 60.6% | $12.28 Billion | $4.84 Billion | $51.26 Billion | ▲ +5.4 pp |
| 2015 | 55.2% | $10.85 Billion | $4.86 Billion | $53.13 Billion | ▲ +7.4 pp |
| 2014 | 47.8% | $8.81 Billion | $4.60 Billion | $54.00 Billion | ▼ -12.2 pp |
| 2013 | 60.0% | $11.64 Billion | $4.66 Billion | $52.25 Billion | ▲ +491.8 pp |
| 2010 | -431.8% | $893.00 Million | $4.75 Billion | $43.18 Billion | ▲ +79.3 pp |
| 2008 | -511.1% | $809.00 Million | $4.94 Billion | $45.02 Billion | ▼ -514.3 pp |
| 2007 | 3.2% | $2.21 Billion | $2.14 Billion | $24.52 Billion | ▼ -85.4 pp |
| 2002 | 88.6% | $893.00 Million | $102.00 Million | $24.72 Billion | ▼ -8.9 pp |
| 2001 | 97.5% | $3.77 Billion | $94.00 Million | $23.61 Billion | ▼ -0.7 pp |
| 2000 | 98.2% | $5.80 Billion | $102.00 Million | $21.93 Billion | ▼ -1.8 pp |
| 1999 | 100.0% | $4.45 Billion | $0.00 | $16.54 Billion | ▲ +0.0 pp |
| 1998 | 100.0% | $2.30 Billion | $0.00 | $14.60 Billion | ▲ +0.0 pp |
| 1997 | 100.0% | $2.16 Billion | $0.00 | $12.74 Billion | ▲ +0.0 pp |
| 1996 | 100.0% | $2.65 Billion | $0.00 | $12.23 Billion | ▲ +0.0 pp |
| 1995 | 100.0% | $2.60 Billion | $0.00 | $12.14 Billion | ▲ +0.0 pp |
| 1994 | 100.0% | $1.70 Billion | $0.00 | $11.90 Billion | ▲ +0.0 pp |
| 1993 | 100.0% | $1.47 Billion | $0.00 | $11.90 Billion | ▲ +18.9 pp |
| 1992 | 81.1% | $1.54 Billion | $291.60 Million | $11.87 Billion | ▲ +86.1 pp |
| 1991 | -5.0% | $286.00 Million | $300.30 Million | $10.16 Billion | ▲ +35.5 pp |
| 1990 | -40.5% | $214.20 Million | $300.90 Million | $8.41 Billion | ▼ -117.1 pp |
| 1989 | 76.6% | $1.32 Billion | $309.40 Million | $7.23 Billion | ▼ -6.4 pp |
| 1988 | 83.0% | $1.88 Billion | $317.90 Million | $6.48 Billion | ▲ +0.4 pp |
| 1987 | 82.7% | $1.88 Billion | $326.30 Million | $5.75 Billion | ▲ +3.3 pp |
| 1986 | 79.4% | $1.80 Billion | $371.80 Million | $5.34 Billion | ▼ -20.6 pp |
| 1985 | 100.0% | $381.00 Million | $0.00 | $3.79 Billion | — |