The company's debt-to-equity ratio has moderated to 1.95 as of 2026Q1, though the current ratio remains below 1.0, indicating persistent liquidity constraints.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Total Current Assets | 19.39B | 16.86B | 18.88B | 18.49B | 20.06B | 21.83B | 14.8B | 8.19B | 7.09B | 7.13B | 7.31B | 7.83B | 7.55B | 8.7B | 10.05B | 11B | 12.04B | 5.11B | 4.86B | 6.09B | 6.27B | 4.26B | 3.91B | 4.02B | 3.38B | 5.09B | 4.78B | 2.94B | 2.91B | 2.95B | 2.68B |
| Cash & Short-Term Investments | 14.17B | 12.24B | 14.47B | 14.39B | 16.41B | 18.41B | 11.68B | 4.94B | 3.95B | 3.8B | 4.43B | 5.2B | 4.38B | 5.12B | 6.54B | 7.76B | 8.68B | 3.04B | 2.04B | 3.55B | 4.14B | 1.84B | 1.3B | 1.72B | 1.27B | 2.63B | 2.34B | 689M | 815M | 845M | 697M |
| Cash Only | 7.87B | 5.94B | 8.77B | 6.06B | 7.17B | 18.28B | 11.27B | 2.76B | 1.69B | 1.48B | 2.18B | 3.01B | 2B | 3.22B | 4.77B | 6.25B | 8.07B | 3.04B | 2.04B | 1.26B | 3.83B | 1.76B | 1.22B | 1.64B | 886M | 1.69B | 1.68B | 310M | 390M | 295M | 229M |
| Short-Term Investments | 6.3B | 6.3B | 5.71B | 8.33B | 9.25B | 123M | 414M | 2.18B | 2.26B | 2.32B | 2.25B | 2.19B | 2.38B | 1.9B | 1.77B | 1.52B | 611M | 0 | 0 | 2.29B | 312M | 77M | 78M | 78M | 388M | 940M | 665M | 379M | 425M | 550M | 468M |
| Accounts Receivable | 2.66B | 2.39B | 2.16B | 1.9B | 1.8B | 1.66B | 1.29B | 1.36B | 1.43B | 1.34B | 1.18B | 1.13B | 1.15B | 1.5B | 1.34B | 1.36B | 1.61B | 743M | 714M | 888M | 820M | 839M | 951M | 929M | 1.11B | 1.22B | 1.33B | 1.32B | 1.14B | 1.05B | 962M |
| Days Sales Outstanding | 14.74 | 14.77 | 13.84 | 12.9 | 14.62 | 24.64 | 30.78 | 11.51 | 12.6 | 12.94 | 11.74 | 10.87 | 10.75 | 14.33 | 13.15 | 13.36 | 25.35 | 16.6 | 12.91 | 16.09 | 15.48 | 17.62 | 21.18 | 24.71 | 28.46 | 25.62 | 25.01 | 26.65 | 23.65 | 22.07 | 21.46 |
| Inventory | 1.72B | 1.56B | 1.57B | 1.56B | 1.11B | 983M | 932M | 1.07B | 985M | 924M | 873M | 738M | 666M | 667M | 695M | 615M | 466M | 197M | 237M | 242M | 218M | 193M | 234M | 264M | 310M | 329M | 424M | 340M | 384M | 355M | 369M |
| Days Inventory Outstanding | 27.05 | 26.8 | 15.24 | 14.79 | 11.8 | 15 | 16.69 | 12.71 | 11.89 | 12.49 | 12.82 | 10.38 | 8.22 | 8.14 | 8.52 | 7.83 | 9.72 | 13.48 | 6.95 | 13.49 | 117.19 | 6.53 | 9.23 | 96.07 | 91.25 | 28.12 | 149.09 | - | - | - | - |
| Other Current Assets | 847M | 670M | 0 | 31M | 45M | 37M | 255M | 0 | 0 | 0 | 0 | 26M | 577M | 707M | 608M | 655M | 628M | 720M | 1.6B | 403M | 463M | 643M | 973M | 701M | 462M | 272M | 225M | 222M | 256M | 244M | 227M |
| Total Non-Current Assets | 61.55B | 59.59B | 55.2B | 52.62B | 47.3B | 46.34B | 44.75B | 44.42B | 41.93B | 35.21B | 32.83B | 33.03B | 29.21B | 28.11B | 27.58B | 26.99B | 27.55B | 13.58B | 14.6B | 18.13B | 19.1B | 15.08B | 16.79B | 17.95B | 20.28B | 20.11B | 19.58B | 18.03B | 15.65B | 12.52B | 9.99B |
| Property, Plant & Equipment | 53.56B | 51.71B | 46.72B | 43.73B | 38.34B | 36.72B | 36B | 34.93B | 32.66B | 26.21B | 23.32B | 21.58B | 19.47B | 18.05B | 17.29B | 16.42B | 16.95B | 9.84B | 10.31B | 11.36B | 11.46B | 13.23B | 14.17B | 16.15B | 16.36B | 16.81B | 17.62B | 16.16B | 13.05B | 10.77B | 9.41B |
| Fixed Asset Turnover | 1.19x | 1.14x | 1.22x | 1.23x | 1.17x | 0.67x | 0.43x | 1.24x | 1.26x | 1.44x | 1.57x | 1.75x | 2.00x | 2.12x | 2.15x | 2.26x | 1.37x | 1.66x | 1.96x | 1.77x | 1.69x | 1.31x | 1.16x | 0.85x | 0.87x | 1.03x | 1.10x | 1.12x | 1.35x | 1.61x | 1.74x |
| Goodwill | 4.53B | 4.53B | 4.53B | 4.53B | 4.53B | 4.53B | 4.53B | 4.52B | 4.52B | 4.52B | 4.52B | 4.52B | 4.52B | 4.52B | 4.52B | 4.52B | 4.52B | 0 | 0 | 2.28B | 2.7B | 17M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2.65B | 2.65B | 2.68B | 2.73B | 2.76B | 2.8B | 2.84B | 3.01B | 3.16B | 3.54B | 3.63B | 4.14B | 4.28B | 4.44B | 4.6B | 4.75B | 4.92B | 2.46B | 2.69B | 2.87B | 3.03B | 371M | 951M | 0 | 1.11B | 984M | 0 | 1.32B | 1.14B | 1.05B | 962M |
| Long-Term Investments | 5.43B | 1.33B | 1.27B | 348M | 1.37B | 1.42B | 1B | 1.18B | 966M | 806M | 579M | 0 | 0 | 0 | 0 | 0 | 103M | 88M | 81M | 122M | 113M | 20M | 24M | 53M | 240M | 278M | 435M | 750M | 304M | 223M | 0 |
| Other Non-Current Assets | -748M | -631M | 0 | 1.29B | 210M | 213M | 249M | 130M | 621M | 137M | 124M | 757M | 941M | 1.1B | 1.17B | 1.3B | 1.06B | 1.2B | 715M | 855M | 1.1B | 1.45B | 2.19B | 1.75B | 3.26B | 1.94B | 277M | 555M | 1.62B | 816M | -70M |
| Total Assets | 80.94B | 76.45B | 74.08B | 71.1B | 67.36B | 68.17B | 59.55B | 52.61B | 49.02B | 42.35B | 40.14B | 40.86B | 36.59B | 36.81B | 37.63B | 37.99B | 39.6B | 18.68B | 19.46B | 24.22B | 25.37B | 19.34B | 20.7B | 21.98B | 23.66B | 25.2B | 24.36B | 20.96B | 18.56B | 15.8B | 12.68B |
| Asset Turnover | 0.78x | 0.77x | 0.77x | 0.76x | 0.67x | 0.36x | 0.26x | 0.82x | 0.84x | 0.89x | 0.91x | 0.93x | 1.06x | 1.04x | 0.99x | 0.98x | 0.59x | 0.87x | 1.04x | 0.83x | 0.76x | 0.90x | 0.79x | 0.62x | 0.60x | 0.69x | 0.79x | 0.86x | 0.95x | 1.10x | 1.29x |
| Asset Growth % | 19.93% | 3.19% | 4.19% | 5.56% | -1.2% | 14.49% | 13.19% | 7.32% | 15.77% | 5.5% | -1.76% | 11.66% | -0.59% | -2.17% | -0.95% | -4.07% | 111.94% | -3.99% | -19.65% | -4.53% | 31.16% | -6.58% | -5.8% | -7.09% | -6.12% | 3.46% | 16.18% | 12.95% | 17.44% | 24.66% | 8.9% |
| Total Current Liabilities | 27.78B | 26.13B | 23.31B | 22.2B | 19.99B | 18.3B | 12.72B | 14.94B | 13.84B | 12.76B | 12.29B | 12.41B | 12.51B | 12.11B | 12.82B | 11.39B | 12.64B | 6.47B | 7.28B | 7.98B | 7.95B | 5.23B | 6.46B | 6.11B | 3.99B | 8.07B | 6.78B | 5.41B | 5.67B | 5.25B | 5B |
| Accounts Payable | 5.38B | 4.57B | 4.19B | 3.83B | 3.4B | 2.56B | 1.59B | 2.7B | 2.36B | 2.2B | 2.14B | 1.87B | 1.88B | 2.09B | 2.31B | 2B | 1.8B | 803M | 829M | 877M | 667M | 596M | 601M | 501M | 284M | 1.27B | 1.19B | 967M | 1.15B | 1.03B | 994M |
| Days Payables Outstanding | 82.3 | 78.66 | 40.66 | 36.34 | 36.11 | 39.11 | 28.56 | 32.05 | 28.53 | 29.68 | 31.41 | 26.29 | 23.23 | 25.46 | 28.36 | 25.45 | 37.64 | 54.94 | 24.32 | 48.88 | 358.55 | 20.17 | 23.72 | 182.32 | 83.6 | 108.36 | 417.75 | - | - | - | - |
| Short-Term Debt | 3B | 4.33B | 3.45B | 4.25B | 2.91B | 3B | 1.91B | 1.41B | 1.23B | 1.56B | 849M | 1.22B | 1.31B | 1.37B | 1.81B | 1.19B | 2.41B | 545M | 782M | 678M | 1.69B | 13M | 875M | 663M | 0 | 1.35B | 170M | 153M | 282M | 235M | 165M |
| Deferred Revenue (Current) | 41.88B | 11.85B | 3.4B | 3.1B | 2.69B | 8.59B | 5.74B | 7.26B | 2.29B | 2.19B | 2.13B | 2.12B | 2.06B | 2.37B | 2.36B | 2.4B | 2.58B | 1.51B | 1.41B | 3.19B | 3.46B | 2.94B | 0 | 0 | 0 | 1.18B | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 15.57B | 757M | 8.51B | 7.51B | 8.36B | 1.39B | 724M | 566M | 4.93B | 4.52B | 4.74B | 4.72B | 5.33B | 4.47B | 4.45B | 4.17B | 4.13B | 2.48B | 3.33B | 1.69B | 984M | 1.64B | 2.86B | 1.33B | 1.02B | 903M | 1.45B | 1.41B | 1.43B | 1.27B | 1.19B |
| Current Ratio | 0.70x | 0.65x | 0.81x | 0.83x | 1.00x | 1.19x | 1.16x | 0.55x | 0.51x | 0.56x | 0.59x | 0.63x | 0.60x | 0.72x | 0.78x | 0.97x | 0.95x | 0.79x | 0.67x | 0.76x | 0.79x | 0.81x | 0.61x | 0.66x | 0.85x | 0.63x | 0.70x | 0.54x | 0.51x | 0.56x | 0.54x |
| Quick Ratio | 0.64x | 0.59x | 0.74x | 0.76x | 0.95x | 1.14x | 1.09x | 0.48x | 0.44x | 0.49x | 0.52x | 0.57x | 0.55x | 0.66x | 0.73x | 0.91x | 0.92x | 0.76x | 0.64x | 0.73x | 0.76x | 0.78x | 0.57x | 0.62x | 0.77x | 0.59x | 0.64x | 0.48x | 0.45x | 0.49x | 0.46x |
| Cash Conversion Cycle | -40.51 | -37.09 | -11.58 | -8.65 | -9.69 | 0.54 | 18.91 | -7.83 | -4.04 | -4.25 | -6.85 | -5.03 | -4.26 | -2.99 | -6.69 | -4.26 | -2.58 | -24.86 | -4.46 | -19.3 | -225.89 | 3.98 | 6.7 | -61.54 | 36.12 | -54.63 | -243.64 | - | - | - | - |
| Total Non-Current Liabilities | 37.28B | 35.03B | 38.09B | 39.58B | 40.47B | 44.84B | 40.86B | 26.14B | 25.14B | 20.85B | 19.2B | 19.48B | 22.45B | 21.72B | 24.33B | 24.79B | 25.23B | 15.02B | 14.64B | 13.82B | 15.28B | 39.67B | 21.92B | 21.78B | 22.15B | 14.1B | 12.38B | 10.4B | 9.61B | 8.22B | 6.65B |
| Long-Term Debt | 21.94B | 20.56B | 25.2B | 27.41B | 28.28B | 30.36B | 24.84B | 13.14B | 12.21B | 11.7B | 9.92B | 9.67B | 10.12B | 10.17B | 10.44B | 10.5B | 11.43B | 6.38B | 5.86B | 6.42B | 7.45B | 1.3B | 154M | -5.37B | 700M | 6.62B | 4.69B | 2.65B | 2.86B | 2.09B | 1.66B |
| Capital Lease Obligations | 21.94B | 5.42B | 4.51B | 4.5B | 4.57B | 5.37B | 5.21B | 5.17B | 5.5B | 996M | 822M | 727M | 571M | 753M | 792M | 928M | 1.04B | 1.19B | 1.19B | 1.11B | 1.35B | 102M | 147M | 163M | 0 | 1.94B | 2.26B | 2.34B | 2.11B | 1.68B | 1.32B |
| Deferred Tax Liabilities | 9.21B | 2.46B | 1.58B | 594M | 844M | 0 | 0 | 1.74B | 814M | 225M | 0 | 0 | 1.59B | 1.66B | 1.54B | 1.6B | 1.58B | 551M | 804M | 638M | 688M | 552M | 389M | 285M | 249M | 3.66B | 1.24B | 1.15B | 398M | 79M | 632M |
| Other Non-Current Liabilities | 2.6B | 2.54B | 2.76B | 3.02B | 2.79B | 5.07B | 5.75B | 3.26B | 3.9B | 5.36B | 5.28B | 5.25B | 7.29B | 6.6B | 8.8B | 8.51B | 7.68B | 4.18B | 4.02B | 3.1B | 3.22B | 37.47B | 21.23B | 15.97B | 16.79B | 1.05B | 3.28B | 3.28B | 3.06B | 3.16B | 1.88B |
| Total Liabilities | 65.06B | 61.17B | 61.41B | 61.78B | 60.46B | 63.15B | 53.59B | 41.08B | 38.98B | 33.61B | 31.48B | 31.89B | 34.2B | 33.83B | 37.15B | 36.18B | 37.87B | 21.5B | 21.79B | 21.8B | 23.22B | 44.9B | 28.39B | 27.89B | 26.14B | 22.16B | 19.16B | 15.81B | 15.28B | 13.47B | 11.65B |
| Total Debt | 30.97B | 31.04B | 33.63B | 36.74B | 36.43B | 39.37B | 32.75B | 20.45B | 19.79B | 14.39B | 11.71B | 11.76B | 12.12B | 12.41B | 13.17B | 12.73B | 15.13B | 8.54B | 8.15B | 8.45B | 10.6B | 1.43B | 1.2B | 852M | 700M | 10.15B | 7.39B | 5.33B | 5.43B | 4.18B | 3.28B |
| Net Debt | 23.1B | 25.09B | 24.86B | 30.68B | 29.27B | 21.08B | 21.48B | 17.69B | 18.09B | 12.91B | 9.53B | 8.75B | 10.11B | 9.19B | 8.4B | 6.49B | 7.06B | 5.5B | 6.11B | 7.19B | 6.77B | -328M | -19M | -788M | -186M | 8.46B | 5.71B | 5.02B | 5.04B | 3.88B | 3.05B |
| Debt / Equity | 1.95x | 2.03x | 2.65x | 3.94x | 5.28x | 7.83x | 5.50x | 1.77x | 1.97x | 1.65x | 1.35x | 1.31x | 5.06x | 4.16x | 27.37x | 7.05x | 8.76x | - | - | 3.49x | 4.93x | - | - | - | - | 3.35x | 1.42x | 1.03x | 1.65x | 1.79x | 3.20x |
| Debt / EBITDA | 3.84x | 4.06x | 4.19x | 5.34x | 7.60x | 26.91x | - | 3.10x | 3.67x | 2.50x | 1.85x | 1.68x | 2.99x | 4.22x | 8.43x | 3.78x | 7.36x | 12.33x | - | 4.31x | 7.94x | 2.19x | 60.20x | - | - | - | 4.32x | 2.36x | 2.39x | 2.11x | 1.74x |
| Net Debt / EBITDA | 2.86x | 3.28x | 3.10x | 4.46x | 6.11x | 14.41x | - | 2.68x | 3.35x | 2.24x | 1.51x | 1.25x | 2.50x | 3.13x | 5.38x | 1.93x | 3.44x | 7.94x | - | 3.66x | 5.07x | -0.50x | -0.95x | - | - | - | 3.33x | 2.22x | 2.22x | 1.96x | 1.62x |
| Interest Coverage | 4.61x | 3.77x | 3.97x | 2.91x | 1.59x | -0.62x | -7.89x | 7.06x | 5.38x | 6.48x | 7.27x | 7.80x | 2.65x | 1.73x | 0.09x | 1.92x | 1.32x | -0.16x | -8.50x | 2.08x | - | -42.67x | -2.85x | - | - | 33.14x | - | - | - | - | - |
| Total Equity | 15.88B | 15.28B | 12.68B | 9.32B | 6.9B | 5.03B | 5.96B | 11.53B | 10.04B | 8.73B | 8.66B | 8.97B | 2.4B | 2.98B | 481M | 1.81B | 1.73B | -2.81B | -2.46B | 2.42B | 2.15B | -25.56B | -7.68B | -5.92B | -2.48B | 3.03B | 5.19B | 5.15B | 3.28B | 2.34B | 1.03B |
| Equity Growth % | 98.58% | 20.57% | 35.94% | 35.21% | 37.12% | -15.62% | -48.31% | 14.83% | 14.98% | 0.87% | -3.42% | 274.21% | -19.71% | 520.37% | -73.37% | 4.57% | 161.44% | -14.04% | -201.94% | 12.57% | 108.4% | -232.81% | -29.82% | -138.26% | -181.87% | -41.56% | 0.76% | 56.99% | 40.39% | 127.78% | 670% |
| Book Value per Share | 48.58 | 46.73 | 38.04 | 28.09 | 20.89 | 15.62 | 21.33 | 44.37 | 36.29 | 28.77 | 26.22 | 23.78 | 6.14 | 7.65 | 1.45 | 4.72 | 6.83 | -18.65 | -19.44 | 15.73 | 18.48 | -219.97 | -67.67 | -57.64 | -22.67 | 27.69 | 47.38 | 47.03 | 31.14 | 22.18 | 9.74 |
| Total Shareholders' Equity | 15.88B | 15.28B | 12.68B | 9.32B | 6.9B | 5.03B | 5.96B | 11.53B | 10.04B | 8.73B | 8.66B | 8.97B | 2.4B | 2.98B | 481M | 1.81B | 1.73B | -2.81B | -2.46B | 2.42B | 2.15B | -25.56B | -7.68B | -5.92B | -2.48B | 3.03B | 5.19B | 5.15B | 3.28B | 2.34B | 995M |
| Common Stock | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 3M | 3M | 3M | 3M | 4M | 4M | 4M | 3M | 3M | 3M | 2M | 1M | 1M | 1M | 0 | 1M | 0 | 1M | 1M | 0 | 1M | 1M | 1M | 1M |
| Retained Earnings | 10.73B | 10.09B | 6.88B | 3.83B | 1.26B | 625M | 2.63B | 9.72B | 6.71B | 4.55B | 3.43B | 3.46B | -3.88B | -5.01B | -5.59B | -4.86B | -5.7B | -5.96B | -5.2B | 152M | 16M | -29.12B | -7.95B | -6.22B | -3.42B | -199M | 2B | 2.14B | 1.03B | 309M | -566M |
| Treasury Stock | 0 | -3.77B | -3.38B | -3.44B | -3.53B | -3.81B | -3.9B | -3.6B | -1.99B | -769M | -511M | -1.61B | -367M | -38M | -35M | -31M | -31M | -28M | -26M | -15M | -4M | -1.47B | -1.47B | -1.47B | -1.47B | -1.49B | -1.48B | -1.4B | -1.14B | -663M | -385M |
| Accumulated OCI | 23M | 48M | 188M | -62M | 175M | -942M | -1.14B | -718M | -803M | -1.15B | -829M | -831M | -1.08B | 608M | -1.05B | -417M | 387M | 35M | 93M | 141M | 82M | -36M | -3.33B | -3.29B | -2.66B | -275M | 152M | 352M | -2M | -5.74B | -5.96B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31M |
High Capital Expenditure Intensity
Based on reported figures, United's total assets grew from $71.1 billion in 2023Q4 to $80.9 billion by 2026Q1, reflecting an aggressive fleet modernization strategy that has simultaneously increased the company's total debt load to $31.0 billion over the same period, signaling a capital-intensive growth trajectory.
The consistent rise in net PPE suggests that management is prioritizing long-term fleet renewal, though this expansion is occurring against a backdrop of persistent leverage. Investors should monitor whether the asset base can generate sufficient returns to offset the financing costs associated with this rapid growth.
As reported in financial statements, United's debt-to-equity ratio has fluctuated significantly, peaking at 3.94 in 2023Q4 before moderating to 1.95 in 2026Q1, a trend that suggests the company is attempting to deleverage while managing substantial ongoing capital commitments for new aircraft deliveries.
While the reduction in the D/E ratio appears positive, the absolute debt level remains high, leaving the company sensitive to interest rate volatility. The reliance on debt to fund fleet upgrades implies that cash flow durability is paramount to maintaining financial stability during cyclical downturns.
According to recent SEC filings, United's current ratio has remained consistently below 1.0, hovering between 0.65 and 0.83 over the last ten quarters, which indicates a structural reliance on operational cash flow to meet short-term obligations rather than maintaining a significant liquid asset buffer.
This persistent liquidity constraint is common in the airline industry but warrants caution given the company's high fixed-cost base. The inability to maintain a current ratio above unity suggests that any disruption in revenue could rapidly impact the company's ability to cover immediate liabilities.
Data from recent quarterly filings shows that United's retained earnings have steadily improved from $3.8 billion in 2023Q4 to $10.7 billion in 2026Q1, indicating a gradual restoration of shareholder equity following the significant capital erosion experienced during the industry's post-pandemic recovery phase.
The accumulation of retained earnings suggests that the business is successfully generating net income, which is essential for strengthening the balance sheet. However, the pace of this recovery remains sensitive to the company's ability to manage its high operating costs and capital expenditure requirements.
Based on reported figures, deferred revenue has shown extreme volatility, swinging from $7.1 billion in 2023Q4 to a peak of $18.1 billion in 2025Q1, which complicates the interpretation of the company's true liquidity and future performance obligations relative to its current cash position.
This fluctuation in deferred revenue, largely tied to the MileagePlus program, may mask the underlying cash-generating capacity of the core airline business. Analysts should be wary of treating these liabilities as simple operational metrics, as they represent significant future service obligations that could impact cash flow timing.
Quick answers to the most common questions about buying UAL stock.
As of 2025, United Airlines Holdings, Inc. (UAL) had total assets of $76.45B including $16.86B in current assets.
United Airlines Holdings, Inc. (UAL) carries total debt of $31.04B, offset by $12.24B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
United Airlines Holdings, Inc. (UAL) has total shareholders' equity (book value) of $15.28B ($46.73 book value per share). Book value represents the net worth of the company belonging to common stock holders.
United Airlines Holdings, Inc. (UAL) reported a current ratio of 0.65x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.