Southwest Airlines Company (LUV) - Total Assets
Based on the latest financial reports, Southwest Airlines Company (LUV) holds total assets worth $29.36 Billion USD as of March 2026. 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. Also see market value of Southwest Airlines Company for the company's overall valuation and market capitalisation.
Southwest Airlines Company - Asset Composition Analysis
Current Asset Composition (December 2025)
Southwest Airlines Company's total assets of $29.36 Billion consist of 19.4% current assets and 80.6% non-current assets. Review Southwest Airlines Company (LUV) financial obligations to assess the company's total debt and financial obligations.
| 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. See Southwest Airlines Company stock quote for real-time trading data and today's change.
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 |
|---|---|---|
|
Pegasus Hava Tasimaciligi AS
IS:PGSUS
|
Turkey | TL7.98 Billion |
|
Norse Atlantic ASA
OL:NORSE
|
Norway | Nkr887.20 Million |
|
Air Busan Co Ltd
KO:298690
|
Korea | ₩1.45 Trillion |
|
Qantas Airways Ltd
AU:QAN
|
Australia | AU$23.89 Billion |
|
Virgin Australia Holdings Ltd
AU:VGN
|
Australia | AU$4.87 Billion |
|
Air New Zealand Ltd
AU:AIZ
|
Australia | AU$9.14 Billion |
|
Regional Express Holdings Ltd
AU:REX
|
Australia | AU$737.16 Million |
|
Air Canada
TO:AC
|
Canada | CA$33.09 Billion |
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 | 0.48 | 0.77 | 1.54 |
| Quick Ratio | 0.41 | 0.72 | 1.50 |
| Cash Ratio | 0.00 | 0.59 | 1.13 |
| Working Capital | $-6.51 Billion | $-3.17 Billion | $6.71 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 | 2.94 |
| Latest Market Cap to Assets Ratio | 0.67 |
| Asset Growth Rate (YoY) | -13.9% |
| Total Assets | $29.06 Billion |
| Market Capitalization | $19.37 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Southwest Airlines Company's assets below their book value (0.67x), 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 | -- |
About 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