Total Debt
$6.89B
Net Debt
$3.10B
Southwest Airlines Co. currently has $6.89B in total debt. Net debt is $3.10B after cash offsets.
Financial Fundamentals
LUV • Quarterly Data • 5Y View
| Date | Total Debt ($B) | Cash & Inv. ($B) | Net Debt ($B) | Total Assets | Debt/Assets |
|---|---|---|---|---|---|
| 2026-06-30 | 6.89 | 3.79 | 3.10 | 30.12 | 22.9% |
| 2026-03-31 | 6.40 | 3.33 | 3.07 | 29.36 | 21.8% |
| 2025-12-31 | 5.98 | 3.23 | 2.75 | 29.06 | 20.6% |
| 2025-09-30 | 5.26 | 3.02 | 2.24 | 28.31 | 18.6% |
| 2025-06-30 | 5.34 | 3.84 | 1.50 | 28.71 | 18.6% |
| 2025-03-31 | 8.00 | 8.25 | -0.26Net Cash | 33.21 | 24.1% |
| 2024-12-31 | 8.06 | 8.72 | -0.67Net Cash | 33.75 | 23.9% |
| 2024-09-30 | 9.10 | 9.38 | -0.29Net Cash | 34.85 | 26.1% |
| 2024-06-30 | 9.11 | 10.00 | -0.89Net Cash | 35.56 | 25.6% |
| 2024-03-31 | 9.16 | 10.51 | -1.35Net Cash | 36.02 | 25.4% |
| 2023-12-31 | 9.20 | 11.47 | -2.27Net Cash | 36.49 | 25.2% |
| 2023-09-30 | 9.27 | 11.73 | -2.46Net Cash | 36.98 | 25.1% |
| 2023-06-30 | 9.33 | 12.18 | -2.85Net Cash | 36.52 | 25.5% |
| 2023-03-31 | 9.38 | 11.67 | -2.30Net Cash | 35.55 | 26.4% |
| 2022-12-31 | 9.47 | 12.29 | -2.82Net Cash | 35.37 | 26.8% |
| 2022-09-30 | 10.11 | 13.67 | -3.56Net Cash | 35.95 | 28.1% |
| 2022-06-30 | 12.00 | 16.43 | -4.43Net Cash | 38.30 | 31.3% |
| 2022-03-31 | 12.24 | 15.74 | -3.50Net Cash | 37.26 | 32.9% |
| 2021-12-31 | 12.28 | 15.50 | -3.22Net Cash | 36.32 | 33.8% |
| 2021-09-30 | 12.81 | 16.00 | -3.19Net Cash | 37.11 | 34.5% |
| 2021-06-30 | 13.30 | 16.88 | -3.58Net Cash | 38.21 | 34.8% |
| 2021-03-31 | 12.79 | 14.35 | -1.56Net Cash | 35.49 | 36.0% |
| 2020-12-31 | 12.20 | 13.33 | -1.14Net Cash | 34.59 | 35.3% |
| 2020-09-30 | 12.60 | 14.56 | -1.97Net Cash | 35.60 | 35.4% |
| 2020-06-30 | 11.42 | 14.46 | -3.04Net Cash | 35.60 | 32.1% |
| 2020-03-31 | 6.35 | 5.54 | 0.80 | 26.89 | 23.6% |
| 2019-12-31 | 4.00 | 4.07 | -0.08Net Cash | 25.89 | 15.4% |
| 2019-09-30 | 4.38 | 4.02 | 0.36 | 26.47 | 16.6% |
| 2019-06-30 | 4.53 | 3.99 | 0.54 | 26.37 | 17.2% |
| 2019-03-31 | 4.68 | 3.86 | 0.82 | 26.46 | 17.7% |
| 2018-12-31 | 3.38 | 3.69 | -0.31Net Cash | 26.24 | 12.9% |
| 2018-09-30 | 3.45 | 3.82 | -0.37Net Cash | 26.88 | 12.8% |
| 2018-06-30 | 3.52 | 3.69 | -0.17Net Cash | 26.46 | 13.3% |
| 2018-03-31 | 3.59 | 3.24 | 0.35 | 25.50 | 14.1% |
| 2017-12-31 | 3.67 | 3.27 | 0.40 | 25.11 | 14.6% |
| 2017-09-30 | 3.08 | 3.04 | 0.04 | 24.25 | 12.7% |
| 2017-06-30 | 3.10 | 3.15 | -0.06Net Cash | 23.92 | 12.9% |
| 2017-03-31 | 3.07 | 3.48 | -0.42Net Cash | 23.76 | 12.9% |
| 2016-12-31 | 3.39 | 3.31 | 0.08 | 23.29 | 14.5% |
| 2016-09-30 | 3.29 | 3.45 | -0.15Net Cash | 23.05 | 14.3% |
| 2016-06-30 | 3.35 | 3.42 | -0.06Net Cash | 22.45 | 14.9% |
| 2016-03-31 | 3.31 | 3.58 | -0.27Net Cash | 22.24 | 14.9% |
| 2015-12-31 | 3.18 | 3.05 | 0.13 | 21.31 | 14.9% |
| 2015-09-30 | 2.67 | 3.10 | -0.43Net Cash | 21.16 | 12.6% |
| 2015-06-30 | 2.69 | 3.13 | -0.45Net Cash | 21.07 | 12.7% |
| 2015-03-31 | 2.69 | 3.44 | -0.75Net Cash | 21.16 | 12.7% |
| 2014-12-31 | 2.69 | 2.99 | -0.30Net Cash | 19.72 | 13.6% |
| 2014-09-30 | 2.73 | 3.56 | -0.83Net Cash | 20.54 | 13.3% |
| 2014-06-30 | 2.76 | 3.99 | -1.24Net Cash | 20.89 | 13.2% |
| 2014-03-31 | 2.81 | 3.50 | -0.68Net Cash | 19.98 | 14.1% |
| 2013-12-31 | 2.82 | 3.15 | -0.33Net Cash | 19.34 | 14.6% |
| 2013-09-30 | 2.88 | 3.33 | -0.45Net Cash | 19.36 | 14.8% |
| 2013-06-30 | 2.93 | 3.39 | -0.46Net Cash | 19.38 | 15.1% |
| 2013-03-31 | 2.99 | 3.13 | -0.15Net Cash | 19.20 | 15.6% |
| 2012-12-31 | 3.15 | 2.97 | 0.18 | 18.60 | 17.0% |
| 2012-09-30 | 3.23 | 3.23 | -0.01Net Cash | 18.81 | 17.1% |
| 2012-06-30 | 3.28 | 3.26 | 0.02 | 18.52 | 17.7% |
| 2012-03-31 | 3.31 | 3.78 | -0.48Net Cash | 18.83 | 17.6% |
| 2011-12-31 | 3.75 | 3.14 | 0.61 | 18.07 | 20.8% |
| 2011-09-30 | 4.21 | 3.66 | 0.55 | 17.89 | 23.5% |
| 2011-06-30 | 4.23 | 4.37 | -0.14Net Cash | 18.95 | 22.3% |
| 2011-03-31 | 3.33 | 4.46 | -1.13Net Cash | 16.41 | 20.3% |
| 2010-12-31 | 3.38 | 3.54 | -0.16Net Cash | 15.46 | 21.9% |
| 2010-09-30 | 3.46 | 3.38 | 0.08 | 15.14 | 22.9% |
| 2010-06-30 | 3.45 | 3.12 | 0.32 | 14.99 | 23.0% |
| 2010-03-31 | 3.48 | 2.77 | 0.70 | 14.53 | 23.9% |
| 2009-12-31 | 3.52 | 2.59 | 0.92 | 14.27 | 24.6% |
| 2009-09-30 | 3.58 | 2.25 | 1.32 | 14.10 | 25.4% |
| 2009-06-30 | 3.38 | 2.20 | 1.19 | 14.03 | 24.1% |
| 2009-03-31 | 3.61 | 2.13 | 1.48 | 14.18 | 25.5% |
| 2008-12-31 | 3.66 | 1.80 | 1.86 | 14.07 | 26.0% |
| 2008-09-30 | 2.65 | 3.43 | -0.78Net Cash | 18.18 | 14.6% |
| 2008-06-30 | 2.66 | 5.84 | -3.18Net Cash | 23.26 | 11.4% |
| 2008-03-31 | 2.12 | 3.12 | -1.00Net Cash | 18.03 | 11.8% |
| 2007-12-31 | 2.09 | 2.78 | -0.69Net Cash | 16.77 | 12.5% |
| 2007-09-30 | 1.58 | 1.56 | 0.02 | 14.52 | 10.9% |
| 2007-06-30 | 1.64 | 2.11 | -0.47Net Cash | 14.85 | 11.0% |
| 2007-03-31 | 1.68 | 1.93 | -0.25Net Cash | 14.24 | 11.8% |
| 2006-12-31 | 1.69 | 1.76 | -0.07Net Cash | 13.46 | 12.5% |
| 2006-09-30 | 1.86 | 2.30 | -0.44Net Cash | 14.09 | 13.2% |
| 2006-06-30 | 1.83 | 2.99 | -1.16Net Cash | 15.34 | 11.9% |
| 2006-03-31 | 1.94 | 2.92 | -0.98Net Cash | 14.72 | 13.2% |
| 2005-12-31 | 2.00 | 2.53 | -0.54Net Cash | 14.00 | 14.2% |
| 2005-09-30 | 2.01 | 2.61 | -0.60Net Cash | 14.75 | 13.6% |
| 2005-06-30 | 2.01 | 2.27 | -0.26Net Cash | 13.78 | 14.6% |
| 2005-03-31 | 2.00 | 1.91 | 0.09 | 13.25 | 15.1% |
| 2004-12-31 | 1.85 | 1.30 | 0.54 | 11.34 | 16.3% |
| 2004-09-30 | 1.92 | 1.88 | 0.05 | 11.73 | 16.4% |
| 2004-06-30 | 1.56 | 1.77 | -0.21Net Cash | 10.81 | 14.4% |
| 2004-03-31 | 1.58 | 1.82 | -0.25Net Cash | 10.27 | 15.4% |
| 2003-12-31 | 1.54 | 1.86 | -0.33Net Cash | 9.69 | 15.9% |
| 2003-09-30 | 1.66 | 2.03 | -0.38Net Cash | 9.70 | 17.1% |
| 2003-06-30 | 1.67 | 2.20 | -0.53Net Cash | 9.64 | 17.3% |
| 2003-03-31 | 1.68 | 1.89 | -0.21Net Cash | 9.10 | 18.4% |
| 2002-12-31 | 1.68 | 1.82 | -0.13Net Cash | 8.95 | 18.8% |
| 2002-09-30 | 1.69 | 1.94 | -0.25Net Cash | 8.95 | 18.9% |
| 2002-06-30 | 1.69 | 2.12 | -0.43Net Cash | 9.05 | 18.7% |
| 2002-03-31 | 1.74 | 2.11 | -0.37Net Cash | 8.97 | 19.4% |
| 2001-12-31 | 1.84 | 2.28 | -0.44Net Cash | 9.00 | 20.5% |
| 2001-09-30 | 1.24 | 1.49 | -0.25Net Cash | 7.99 | 15.5% |
| 2001-06-30 | 0.86 | 0.97 | -0.11Net Cash | 7.47 | 11.6% |
| 2001-03-31 | 0.86 | 0.68 | 0.18 | 7.07 | 12.2% |
| 2000-12-31 | 0.87 | 0.52 | 0.35 | 6.67 | 13.0% |
| 2000-09-30 | 0.87 | 0.58 | 0.29 | 6.45 | 13.5% |
| 2000-06-30 | 0.87 | 0.64 | 0.24 | 6.26 | 13.9% |
| 2000-03-31 | 0.88 | 0.54 | 0.33 | 5.94 | 14.7% |
| 1999-12-31 | 0.88 | 0.42 | 0.46 | 5.65 | 15.6% |
| 1999-09-30 | 0.62 | 0.27 | 0.36 | 5.32 | 11.7% |
| 1999-06-30 | 0.62 | 0.49 | 0.14 | 5.28 | 11.8% |
| 1999-03-31 | 0.63 | 0.41 | 0.22 | 4.97 | 12.6% |
| 1998-12-31 | 0.64 | 0.38 | 0.26 | 4.72 | 13.5% |
| 1998-09-30 | 0.63 | 0.45 | 0.18 | 4.59 | 13.8% |
| 1998-06-30 | 0.64 | 0.57 | 0.07 | 4.57 | 14.0% |
| 1998-03-31 | 0.64 | 0.51 | 0.13 | 4.34 | 14.7% |
| 1997-12-31 | 0.75 | 0.62 | 0.13 | 4.25 | 17.6% |
| 1997-09-30 | 0.75 | 0.55 | 0.20 | 4.14 | 18.1% |
| 1997-06-30 | 0.75 | 0.58 | 0.18 | 4.04 | 18.7% |
| 1997-03-31 | 0.76 | 0.65 | 0.10 | 3.86 | 19.6% |
| 1996-12-31 | 0.66 | 0.58 | 0.08 | 3.72 | 17.8% |
| 1996-09-30 | 0.66 | 0.59 | 0.07 | 3.62 | 18.4% |