Southwest Airlines Company (LUV) - 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.
Southwest Airlines Company - Total Liabilities Trend (1985–2025)
This chart illustrates how Southwest Airlines Company's total liabilities have evolved over time, based on quarterly financial data. See working capital to net assets of Southwest Airlines Company to evaluate short-term liquidity relative to the company's equity base.
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 |
|---|---|---|
|
BE SEMICON.INDS NY EO091
F:BSIA
|
Germany | €697.35 Million |
|
Vonovia SE
XETRA:VNA
|
Germany | €60.17 Billion |
|
Fubon Financial Holding Co Ltd Pref B
TW:2881B
|
Taiwan | NT$11.88 Trillion |
|
Publicis Groupe SA
PA:PUB
|
France | €29.59 Billion |
|
Centrais Elétricas Brasileiras S.A. - Eletrobrás
SA:AXIA3
|
Brazil | R$156.60 Billion |
|
CHINA SHENHUA EN.A ADR/4
F:IKFC
|
Germany | €227.40 Billion |
|
Merck KGaA
XETRA:MRK
|
Germany | €23.44 Billion |
|
Amer Sports, Inc.
NYSE:AS
|
USA | $4.24 Billion |
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 full company profile including market capitalisation, see Southwest Airlines Company (LUV) market capitalisation.
Liquidity & Leverage Metrics
Key Metrics Explained
| 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