Southwest Airlines Company Total Liabilities
Southwest Airlines Company total liabilities. Based on the latest financial reports, Southwest Airlines Company (LUV) has total liabilities worth $22.48 Billion USD as of March 2026. Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities. See LUV defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Total Liabilities of Southwest Airlines Company (1985–2025)
Total liabilities of Southwest Airlines Company from 1985 to 2025. This chart illustrates how Southwest Airlines Company's total liabilities have evolved over time, based on quarterly financial data. Check financial resilience of Southwest Airlines Company to evaluate the company's liquid asset resilience ratio.
Southwest Airlines Company Competitors by Total Liabilities
The table below lists competitors of Southwest Airlines Company ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
China Merchants Energy Shipping Co Ltd
SHG:601872
|
China | CN¥36.68 Billion |
|
BOUYGUES UNSP.ADR 1/5/EO1
F:BYG0
|
Germany | €49.23 Billion |
|
PTT Exploration and Production Public Company Limited
BK:PTTEP
|
Thailand | ฿455.09 Billion |
|
Publicis Groupe SA
PA:PUB
|
France | €29.59 Billion |
|
MTU Aero Engines AG
XETRA:MTX
|
Germany | €7.87 Billion |
|
Bank Mandiri Persero Tbk PT
JK:BMRI
|
Indonesia | Rp2234.96 Trillion |
|
CHINA SHENHUA EN.A ADR/4
F:IKFC
|
Germany | €227.40 Billion |
|
First Financial Holding Co Ltd
TW:2892
|
Taiwan | NT$4.85 Trillion |
Liability Composition Analysis (1985–2025)
This chart breaks down Southwest Airlines Company's total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted. For the complete balance sheet picture, see Southwest Airlines Company asset portfolio.
Liquidity & Leverage Metrics
Southwest Airlines Company Total Liabilities Ratios Explained
Southwest Airlines Company total liabilities ratios compare its liabilities with its current assets, cash and shareholder equity.
| Metric | Value | Description |
|---|---|---|
| Current Ratio | 0.48 | Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities) |
| Quick Ratio | N/A | More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities) |
| Cash Ratio | N/A | Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities) |
| Debt to Equity | 3.27 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 0.77 | Portion of assets financed with debt (Total Liabilities ÷ Total Assets) |
Liability Trends Comparison
This chart compares key liability metrics across different time periods, showing how Southwest Airlines Company's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.
Annual Total Liabilities for Southwest Airlines Company (1985–2025)
The table below shows the annual total liabilities of Southwest Airlines Company from 1985 to 2025.
| Year | Total Liabilities | Change |
|---|---|---|
| 2025-12-31 | $21.08 Billion | -9.91% |
| 2024-12-31 | $23.40 Billion | -9.90% |
| 2023-12-31 | $25.97 Billion | +5.23% |
| 2022-12-31 | $24.68 Billion | -4.72% |
| 2021-12-31 | $25.91 Billion | +0.75% |
| 2020-12-31 | $25.71 Billion | +60.07% |
| 2019-12-31 | $16.06 Billion | -2.00% |
| 2018-12-31 | $16.39 Billion | +11.65% |
| 2017-12-31 | $14.68 Billion | -1.11% |
| 2016-12-31 | $14.85 Billion | +6.39% |
| 2015-12-31 | $13.95 Billion | +5.00% |
| 2014-12-31 | $13.29 Billion | +10.66% |
| 2013-12-31 | $12.01 Billion | +3.34% |
| 2012-12-31 | $11.62 Billion | +3.84% |
| 2011-12-31 | $11.19 Billion | +21.30% |
| 2010-12-31 | $9.23 Billion | +4.81% |
| 2009-12-31 | $8.80 Billion | -5.90% |
| 2008-12-31 | $9.36 Billion | -4.84% |
| 2007-12-31 | $9.83 Billion | +40.22% |
| 2006-12-31 | $7.01 Billion | -7.05% |
| 2005-12-31 | $7.54 Billion | +29.76% |
| 2004-12-31 | $5.81 Billion | +20.45% |
| 2003-12-31 | $4.83 Billion | +6.48% |
| 2002-12-31 | $4.53 Billion | -9.05% |
| 2001-12-31 | $4.98 Billion | +54.84% |
| 2000-12-31 | $3.22 Billion | +14.27% |
| 1999-12-31 | $2.82 Billion | +21.49% |
| 1998-12-31 | $2.32 Billion | +3.62% |
| 1997-12-31 | $2.24 Billion | +7.81% |
| 1996-12-31 | $2.08 Billion | +13.47% |
| 1995-12-31 | $1.83 Billion | +15.43% |
| 1994-12-31 | $1.58 Billion | +4.10% |
| 1993-12-31 | $1.52 Billion | +5.79% |
| 1992-12-31 | $1.44 Billion | +19.03% |
| 1991-12-31 | $1.21 Billion | +39.54% |
| 1990-12-31 | $866.20 Million | +4.64% |
| 1989-12-31 | $827.80 Million | +11.71% |
| 1988-12-31 | $741.00 Million | +40.26% |
| 1987-12-31 | $528.30 Million | -6.71% |
| 1986-12-31 | $566.30 Million | +1.78% |
| 1985-12-31 | $556.40 Million | -- |
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