United Airlines Holdings Balance Sheet

UAL / Industrials|15 years of annual SEC 10-K data (FY2011-FY2025)

Shows total assets, cash and equivalents, receivables, property and equipment, total debt, and shareholders' equity across 15 fiscal years. All figures from audited SEC 10-K filings.

United Airlines Holdings had $76.4B in total assets and $15.3B in shareholders' equity as of FY2025. Total debt was $17.2B against $5.9B in cash, resulting in $11.2B net debt.

Based on SEC 10-K filings.

Key Data Points

Altman Z-Score 1.09 (distress zone, below 1.8 threshold)
High earnings quality (cash-backed earnings)
Strong return on equity: 23.0%

Data sourced from SEC EDGAR filings. Not investment advice.

Item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Cash & Equivalents	$5.9B	$8.8B	$6.1B	$18.3B	$11.3B	$2.8B	$1.7B	$1.7B	$1.5B	$2.2B	$2.0B	$2.0B	$3.2B	$4.8B	$6.2B
Inventory	-	-	-	-	-	-	-	-	-	-	$7.0M	-	-	-	-
Current Assets	$16.9B	$18.9B	$18.5B	$20.1B	$21.8B	$14.8B	$8.2B	$7.1B	$7.1B	$7.3B	$7.8B	$7.5B	$8.7B	$10.0B	$11.0B
PP&E (Net)	$46.1B	$42.9B	$39.8B	$34.4B	$32.1B	$31.5B	-	$27.4B	$26.2B	$23.3B	$21.6B	$19.5B	$18.0B	$17.3B	$16.4B
Goodwill	$4.5B	$4.5B	$4.5B	$4.5B	$4.5B	$4.5B	$4.5B	$4.5B	$4.5B	$4.5B	$4.5B	$4.5B	$4.5B	$4.5B	$4.5B
Total Assets	$76.4B	$74.1B	$71.1B	$67.4B	$68.2B	$59.5B	$52.6B	$49.0B	$42.3B	$40.1B	$40.9B	$36.6B	$36.8B	$37.6B	$38.0B
Current Liabilities	$26.1B	$23.3B	$22.2B	$20.0B	$18.3B	$12.7B	$14.9B	$13.8B	$12.8B	$12.3B	$12.4B	$12.5B	$12.1B	$12.8B	$11.4B
Total Debt	$17.2B	$21.7B	$25.1B	$28.3B	$30.4B	$24.8B	$13.1B	$12.2B	$11.7B	$9.9B	$9.7B	$10.0B	$11.7B	$12.4B	$11.9B
Shareholders' Equity	$15.3B	$12.7B	$9.3B	$6.0B	$11.5B	$10.0B	$8.8B	$10.0B	$8.8B	$8.6B	$3.0B	$2.4B	$3.0B	$481.0M	$1.8B

Other Financial Statements

Income Statement Cash Flow Statement All Financial Data

Scores & Analysis

Piotroski F-Score Altman Z-Score Financial Ratios

United Airlines Holdings Profile All Financial Data

Item

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

FY2017

FY2016

FY2015

FY2014

FY2013

FY2012

FY2011

Cash & Equivalents

$5.9B

$8.8B

$6.1B

$18.3B

$11.3B

$2.8B

$1.7B

$1.5B

$2.2B

$2.0B

$3.2B

$4.8B

$6.2B

Inventory

$7.0M

Current Assets

$16.9B

$18.9B

$18.5B

$20.1B

$21.8B

$14.8B

$8.2B

$7.1B

$7.3B

$7.8B

$7.5B

$8.7B

$10.0B

$11.0B

PP&E (Net)

$46.1B

$42.9B

$39.8B

$34.4B

$32.1B

$31.5B

$27.4B

$26.2B

$23.3B

$21.6B

$19.5B

$18.0B

$17.3B

$16.4B

Goodwill

$4.5B

Total Assets

$76.4B

$74.1B

$71.1B

$67.4B

$68.2B

$59.5B

$52.6B

$49.0B

$42.3B

$40.1B

$40.9B

$36.6B

$36.8B

$37.6B

$38.0B

Current Liabilities

$26.1B

$23.3B

$22.2B

$20.0B

$18.3B

$12.7B

$14.9B

$13.8B

$12.8B

$12.3B

$12.4B

$12.5B

$12.1B

$12.8B

$11.4B

Total Debt

$17.2B

$21.7B

$25.1B

$28.3B

$30.4B

$24.8B

$13.1B

$12.2B

$11.7B

$9.9B

$9.7B

$10.0B

$11.7B

$12.4B

$11.9B

Shareholders' Equity

$15.3B

$12.7B

$9.3B

$6.0B

$11.5B

$10.0B

$8.8B

$10.0B

$8.8B

$8.6B

$3.0B

$2.4B

$3.0B

$481.0M

$1.8B