Southwest Airlines Company
Southwest Airlines Co. operates as a passenger airline company that provides scheduled air transportation services in the United States and internationally. It also provides Rapid Rewards loyalty program; SWABIZ, an online booking tool; and inflight entertainment platform that includes movies-on-demand live and on-demand television, flight tracker, and additional curated content, as well as a var… Read more
Southwest Airlines Company (LUV) - Total Assets
Latest total assets as of December 2025: $29.06 Billion USD
Based on the latest financial reports, Southwest Airlines Company (LUV) holds total assets worth $29.06 Billion USD as of December 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Southwest Airlines Company - Total Assets Trend (1985–2025)
This chart illustrates how Southwest Airlines Company’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Southwest Airlines Company - Asset Composition Analysis
Current Asset Composition (December 2025)
Southwest Airlines Company's total assets of $29.06 Billion consist of 19.4% current assets and 80.6% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $3.23 Billion | 11.1% |
| Accounts Receivable | $1.15 Billion | 4.0% |
| Inventory | $775.00 Million | 2.7% |
| Property, Plant & Equipment | $21.33 Billion | 73.4% |
| Intangible Assets | $296.00 Million | 1.0% |
| Goodwill | $970.00 Million | 3.3% |
Asset Composition Trend (1985–2025)
This chart illustrates how Southwest Airlines Company's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Southwest Airlines Company's current assets represent 19.4% of total assets in 2025, an increase from 11.5% in 1985.
- Cash Position: Cash and equivalents constituted 11.1% of total assets in 2025, up from 6.8% in 1985.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 4.0% of total assets, an increase from 1.0% in 1985.
- Asset Diversification: The largest asset category is property, plant & equipment at 73.4% of total assets.
Southwest Airlines Company Competitors by Total Assets
Key competitors of Southwest Airlines Company based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Korean Air Lines Co
KO:003490
|
Korea | ₩48.75 Trillion |
|
Asiana Airline
KO:020560
|
Korea | ₩12.09 Trillion |
|
Jeju Air Co Ltd
KO:089590
|
Korea | ₩2.24 Trillion |
|
T'way Air Co Ltd
KO:091810
|
Korea | ₩1.78 Trillion |
|
Enter Air Sp. z o.o
F:10N
|
Germany | €3.35 Billion |
|
Eva Airways Corp
TW:2618
|
Taiwan | NT$350.66 Billion |
|
STARLUX Airlines Co. Ltd.
TWO:2646
|
Taiwan | NT$91.35 Billion |
|
Jin Air Co Ltd
KO:272450
|
Korea | ₩1.20 Trillion |
Southwest Airlines Company - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - Southwest Airlines Company generates 0.97x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Southwest Airlines Company generates $ 1.52 in net profit.
Southwest Airlines Company - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.52 | 0.92 | 1.97 |
| Quick Ratio | 0.45 | 0.85 | 1.91 |
| Cash Ratio | 0.30 | 0.61 | 0.00 |
| Working Capital | $-5.28 Billion | $ -1.00 Billion | $ 7.92 Billion |
Southwest Airlines Company - Advanced Valuation Insights
This section examines the relationship between Southwest Airlines Company's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 3.15 |
| Latest Market Cap to Assets Ratio | 0.62 |
| Asset Growth Rate (YoY) | -13.9% |
| Total Assets | $29.06 Billion |
| Market Capitalization | $18.03 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Southwest Airlines Company's assets below their book value (0.62 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Southwest Airlines Company's assets decreased by 13.9% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Southwest Airlines Company (1985–2025)
The table below shows the annual total assets of Southwest Airlines Company from 1985 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $29.06 Billion | -13.89% |
| 2024-12-31 | $33.75 Billion | -7.50% |
| 2023-12-31 | $36.49 Billion | +3.16% |
| 2022-12-31 | $35.37 Billion | -2.62% |
| 2021-12-31 | $36.32 Billion | +5.01% |
| 2020-12-31 | $34.59 Billion | +33.57% |
| 2019-12-31 | $25.89 Billion | -1.33% |
| 2018-12-31 | $26.24 Billion | +4.51% |
| 2017-12-31 | $25.11 Billion | +7.83% |
| 2016-12-31 | $23.29 Billion | +9.26% |
| 2015-12-31 | $21.31 Billion | +8.06% |
| 2014-12-31 | $19.72 Billion | +1.95% |
| 2013-12-31 | $19.34 Billion | +4.03% |
| 2012-12-31 | $18.60 Billion | +2.92% |
| 2011-12-31 | $18.07 Billion | +16.85% |
| 2010-12-31 | $15.46 Billion | +8.37% |
| 2009-12-31 | $14.27 Billion | +1.43% |
| 2008-12-31 | $14.07 Billion | -16.12% |
| 2007-12-31 | $16.77 Billion | +24.61% |
| 2006-12-31 | $13.46 Billion | -3.88% |
| 2005-12-31 | $14.00 Billion | +23.52% |
| 2004-12-31 | $11.34 Billion | +16.96% |
| 2003-12-31 | $9.69 Billion | +8.25% |
| 2002-12-31 | $8.95 Billion | -0.48% |
| 2001-12-31 | $9.00 Billion | +34.89% |
| 2000-12-31 | $6.67 Billion | +17.97% |
| 1999-12-31 | $5.65 Billion | +19.89% |
| 1998-12-31 | $4.72 Billion | +11.06% |
| 1997-12-31 | $4.25 Billion | +14.04% |
| 1996-12-31 | $3.72 Billion | +14.35% |
| 1995-12-31 | $3.26 Billion | +15.34% |
| 1994-12-31 | $2.82 Billion | +9.59% |
| 1993-12-31 | $2.58 Billion | +12.34% |
| 1992-12-31 | $2.29 Billion | +24.81% |
| 1991-12-31 | $1.84 Billion | +24.89% |
| 1990-12-31 | $1.47 Billion | +3.96% |
| 1989-12-31 | $1.42 Billion | +8.15% |
| 1988-12-31 | $1.31 Billion | +25.49% |
| 1987-12-31 | $1.04 Billion | -3.30% |
| 1986-12-31 | $1.08 Billion | +5.46% |
| 1985-12-31 | $1.02 Billion | -- |