Southwest Airlines Company Tangible Net Worth Ratio
Southwest Airlines Company tangible net worth ratio. Southwest Airlines Company (LUV) has a Tangible Net Worth Ratio of 95.7% as of March 2026. This metric is calculated by deducting intangible assets ($296.00 Million) from net assets ($6.88 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 LUV year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of Southwest Airlines Company (1985–2025)
Tangible net worth ratio of Southwest Airlines Company from 1985 to 2025. This chart shows how Southwest Airlines Company's Tangible Net Worth Ratio has changed across 41 annual periods from 1985 to 2025. As of March 2026, the ratio stands at 95.7%, reflecting net assets of $6.88 Billion with intangible assets of $296.00 Million USD. Check Southwest Airlines Company (LUV) strategic investment index to assess the company's strategic physical and investment asset allocation.
Southwest Airlines Company Tangible Net Worth Ratio by Year (1985–2025)
Southwest Airlines Company tangible net worth ratio by year from 1985 to 2025. The table below presents the year-by-year Tangible Net Worth Ratio for Southwest Airlines Company from 1985 to 2025, covering 41 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 live market cap and overall valuation, see LUV market cap.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 96.3% | $7.98 Billion | $296.00 Million | $29.06 Billion | ▼ -0.8 pp |
| 2024 | 97.1% | $10.35 Billion | $300.00 Million | $33.75 Billion | ▼ -0.1 pp |
| 2023 | 97.2% | $10.52 Billion | $296.00 Million | $36.49 Billion | ▼ 0.0 pp |
| 2022 | 97.2% | $10.69 Billion | $296.00 Million | $35.37 Billion | ▲ +0.1 pp |
| 2021 | 97.2% | $10.41 Billion | $295.00 Million | $36.32 Billion | ▲ +0.5 pp |
| 2020 | 96.7% | $8.88 Billion | $295.00 Million | $34.59 Billion | ▼ -0.3 pp |
| 2019 | 97.0% | $9.83 Billion | $296.00 Million | $25.89 Billion | ▲ +1.0 pp |
| 2018 | 96.0% | $9.85 Billion | $399.00 Million | $26.24 Billion | ▼ -0.1 pp |
| 2017 | 96.0% | $10.43 Billion | $413.00 Million | $25.11 Billion | ▲ +1.1 pp |
| 2016 | 95.0% | $8.44 Billion | $426.00 Million | $23.29 Billion | ▲ +1.3 pp |
| 2015 | 93.7% | $7.36 Billion | $464.00 Million | $21.31 Billion | ▼ -0.7 pp |
| 2014 | 94.4% | $6.43 Billion | $363.00 Million | $19.72 Billion | ▼ -3.4 pp |
| 2013 | 97.7% | $7.34 Billion | $166.00 Million | $19.34 Billion | ▼ -0.3 pp |
| 2012 | 98.0% | $6.97 Billion | $138.00 Million | $18.60 Billion | ▲ +0.3 pp |
| 2011 | 97.7% | $6.88 Billion | $155.00 Million | $18.07 Billion | ▼ -2.3 pp |
| 2010 | 100.0% | $6.24 Billion | $0.00 | $15.46 Billion | ▲ +0.0 pp |
| 2009 | 100.0% | $5.47 Billion | $0.00 | $14.27 Billion | ▲ +0.0 pp |
| 2008 | 100.0% | $4.71 Billion | $0.00 | $14.07 Billion | ▲ +0.0 pp |
| 2007 | 100.0% | $6.94 Billion | $0.00 | $16.77 Billion | ▲ +0.0 pp |
| 2006 | 100.0% | $6.45 Billion | $0.00 | $13.46 Billion | ▲ +0.0 pp |
| 2005 | 100.0% | $6.46 Billion | $0.00 | $14.00 Billion | ▲ +0.6 pp |
| 2004 | 99.4% | $5.52 Billion | $34.00 Million | $11.34 Billion | ▼ -0.6 pp |
| 2003 | 100.0% | $4.87 Billion | $0.00 | $9.69 Billion | ▲ +0.0 pp |
| 2002 | 100.0% | $4.42 Billion | $0.00 | $8.95 Billion | ▲ +0.0 pp |
| 2001 | 100.0% | $4.01 Billion | $0.00 | $9.00 Billion | ▲ +0.0 pp |
| 2000 | 100.0% | $3.45 Billion | $0.00 | $6.67 Billion | ▲ +0.0 pp |
| 1999 | 100.0% | $2.84 Billion | $0.00 | $5.65 Billion | ▲ +0.0 pp |
| 1998 | 100.0% | $2.40 Billion | $0.00 | $4.72 Billion | ▲ +0.0 pp |
| 1997 | 100.0% | $2.01 Billion | $0.00 | $4.25 Billion | ▲ +0.0 pp |
| 1996 | 100.0% | $1.65 Billion | $0.00 | $3.72 Billion | ▲ +0.0 pp |
| 1995 | 100.0% | $1.43 Billion | $0.00 | $3.26 Billion | ▲ +0.0 pp |
| 1994 | 100.0% | $1.24 Billion | $0.00 | $2.82 Billion | ▲ +0.0 pp |
| 1993 | 100.0% | $1.05 Billion | $0.00 | $2.58 Billion | ▲ +0.0 pp |
| 1992 | 100.0% | $854.30 Million | $0.00 | $2.29 Billion | ▲ +0.0 pp |
| 1991 | 100.0% | $628.50 Million | $0.00 | $1.84 Billion | ▲ +0.0 pp |
| 1990 | 100.0% | $604.90 Million | $0.00 | $1.47 Billion | ▲ +0.0 pp |
| 1989 | 100.0% | $587.30 Million | $0.00 | $1.42 Billion | ▲ +0.0 pp |
| 1988 | 100.0% | $567.40 Million | $0.00 | $1.31 Billion | ▲ +0.0 pp |
| 1987 | 100.0% | $514.30 Million | $0.00 | $1.04 Billion | ▲ +3.3 pp |
| 1986 | 96.7% | $511.90 Million | $16.80 Million | $1.08 Billion | ▲ +1.0 pp |
| 1985 | 95.7% | $466.00 Million | $20.00 Million | $1.02 Billion | — |