United Airlines Holdings Inc Working Capital to Net Assets Ratio
United Airlines Holdings Inc working capital to net assets ratio. United Airlines Holdings Inc (UAL) has a Working Capital to Net Assets ratio of -36.5% as of June 2026. Working capital of $-6.10 Billion (current assets of $21.66 Billion minus current liabilities of $27.76 Billion) is measured against net assets of $16.70 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of United Airlines Holdings Inc (1983–2025)
Working capital to net assets ratio of United Airlines Holdings Inc from 1983 to 2025. This chart shows how United Airlines Holdings Inc's Working Capital to Net Assets ratio has evolved across 43 annual periods from 1983 to 2025. As of June 2026, the ratio stands at -36.5%, reflecting working capital of $-6.10 Billion against net assets of $16.70 Billion USD. Explore United Airlines Holdings Inc long-term investment intensity to see how much of total assets are deployed in long-term investments.
United Airlines Holdings Inc Working Capital to Net Assets Ratio by Year (1983–2025)
United Airlines Holdings Inc working capital to net assets ratio by year from 1983 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for United Airlines Holdings Inc from 1983 to 2025, covering 43 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see UAL asset base.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -60.7% | $-9.28 Billion | $15.28 Billion | $16.86 Billion | $26.13 Billion | ▼ -25.7 pp |
| 2024 | -35.0% | $-4.43 Billion | $12.68 Billion | $18.88 Billion | $23.31 Billion | ▲ +4.9 pp |
| 2023 | -39.9% | $-3.72 Billion | $9.32 Billion | $18.49 Billion | $22.20 Billion | ▼ -40.8 pp |
| 2022 | 1.0% | $66.00 Million | $6.90 Billion | $20.06 Billion | $19.99 Billion | ▼ -69.2 pp |
| 2021 | 70.2% | $3.53 Billion | $5.03 Billion | $21.83 Billion | $18.30 Billion | ▲ +35.4 pp |
| 2020 | 34.8% | $2.08 Billion | $5.96 Billion | $14.80 Billion | $12.72 Billion | ▲ +93.3 pp |
| 2019 | -58.5% | $-6.74 Billion | $11.53 Billion | $8.19 Billion | $14.94 Billion | ▲ +8.7 pp |
| 2018 | -67.2% | $-6.75 Billion | $10.04 Billion | $7.09 Billion | $13.84 Billion | ▼ -2.7 pp |
| 2017 | -64.5% | $-5.63 Billion | $8.73 Billion | $7.13 Billion | $12.76 Billion | ▼ -7.0 pp |
| 2016 | -57.5% | $-4.98 Billion | $8.66 Billion | $7.31 Billion | $12.29 Billion | ▼ -6.3 pp |
| 2015 | -51.1% | $-4.59 Billion | $8.97 Billion | $7.83 Billion | $12.41 Billion | ▲ +155.9 pp |
| 2014 | -207.1% | $-4.96 Billion | $2.40 Billion | $7.55 Billion | $12.51 Billion | ▼ -92.9 pp |
| 2013 | -114.1% | $-3.40 Billion | $2.98 Billion | $8.70 Billion | $12.11 Billion | ▲ +461.6 pp |
| 2012 | -575.7% | $-2.77 Billion | $481.00 Million | $10.05 Billion | $12.82 Billion | ▼ -553.7 pp |
| 2011 | -22.0% | $-397.00 Million | $1.81 Billion | $11.00 Billion | $11.39 Billion | ▲ +12.8 pp |
| 2010 | -34.7% | $-600.00 Million | $1.73 Billion | $12.04 Billion | $12.64 Billion | ▼ -83.4 pp |
| 2009 | 48.7% | $-1.37 Billion | $-2.81 Billion | $5.11 Billion | $6.47 Billion | ▼ -55.4 pp |
| 2008 | 104.1% | $-2.42 Billion | $-2.33 Billion | $4.86 Billion | $7.28 Billion | ▲ +182.0 pp |
| 2007 | -77.9% | $-1.88 Billion | $2.42 Billion | $6.09 Billion | $7.98 Billion | ▼ -0.1 pp |
| 2006 | -77.8% | $-1.67 Billion | $2.15 Billion | $6.27 Billion | $7.95 Billion | ▼ -81.7 pp |
| 2005 | 3.8% | $-975.00 Million | $-25.56 Billion | $4.26 Billion | $5.23 Billion | ▼ -29.3 pp |
| 2004 | 33.2% | $-2.55 Billion | $-7.68 Billion | $3.91 Billion | $6.46 Billion | ▼ -2.1 pp |
| 2003 | 35.3% | $-2.09 Billion | $-5.92 Billion | $4.02 Billion | $6.11 Billion | ▲ +10.6 pp |
| 2002 | 24.6% | $-612.00 Million | $-2.48 Billion | $3.38 Billion | $3.99 Billion | ▲ +122.9 pp |
| 2001 | -98.3% | $-2.98 Billion | $3.03 Billion | $5.09 Billion | $8.07 Billion | ▼ -59.7 pp |
| 2000 | -38.6% | $-2.00 Billion | $5.19 Billion | $4.78 Billion | $6.78 Billion | ▲ +9.5 pp |
| 1999 | -48.1% | $-2.48 Billion | $5.15 Billion | $2.94 Billion | $5.41 Billion | ▲ +36.1 pp |
| 1998 | -84.1% | $-2.76 Billion | $3.28 Billion | $2.91 Billion | $5.67 Billion | ▲ +14.3 pp |
| 1997 | -98.4% | $-2.30 Billion | $2.34 Billion | $2.95 Billion | $5.25 Billion | ▲ +127.8 pp |
| 1996 | -226.2% | $-2.32 Billion | $1.03 Billion | $2.68 Billion | $5.00 Billion | ▼ -998.4 pp |
| 1995 | 772.2% | $-1.39 Billion | $-180.00 Million | $3.04 Billion | $4.43 Billion | ▲ +130.3 pp |
| 1994 | 641.9% | $-1.71 Billion | $-267.00 Million | $3.19 Billion | $4.91 Billion | ▲ +737.5 pp |
| 1993 | -95.6% | $-1.18 Billion | $1.24 Billion | $3.71 Billion | $4.90 Billion | ▲ +123.6 pp |
| 1992 | -219.1% | $-1.55 Billion | $706.00 Million | $3.30 Billion | $4.84 Billion | ▼ -143.9 pp |
| 1991 | -75.2% | $-1.20 Billion | $1.60 Billion | $2.88 Billion | $4.08 Billion | ▼ -8.4 pp |
| 1990 | -66.8% | $-1.12 Billion | $1.67 Billion | $2.64 Billion | $3.76 Billion | ▼ -35.8 pp |
| 1989 | -31.1% | $-486.00 Million | $1.56 Billion | $2.74 Billion | $3.22 Billion | ▲ +27.6 pp |
| 1988 | -58.6% | $-719.00 Million | $1.23 Billion | $2.15 Billion | $2.87 Billion | ▼ -62.1 pp |
| 1987 | 3.4% | $100.00 Million | $2.92 Billion | $3.48 Billion | $3.38 Billion | ▲ +63.4 pp |
| 1986 | -60.0% | $-1.38 Billion | $2.29 Billion | $1.20 Billion | $2.58 Billion | ▼ -67.4 pp |
| 1985 | 7.4% | $116.00 Million | $1.56 Billion | $3.09 Billion | $2.97 Billion | ▲ +39.5 pp |
| 1984 | -32.0% | $-526.00 Million | $1.64 Billion | $1.43 Billion | $1.95 Billion | ▲ +16.7 pp |
| 1983 | -48.7% | $-680.00 Million | $1.40 Billion | $1.25 Billion | $1.93 Billion | — |