Over the past three months, shares of Delta Air Lines Inc. (NYSE:DAL) rose by 10.87%. Before having a look at the importance of debt, let's look at how much debt Delta Air Lines has.
Delta Air Lines Debt
According to the Delta Air Lines's most recent financial statement as reported on October 13, 2022, total debt is at $24.33 billion, with $21.20 billion in long-term debt and $3.13 billion in current debt. Adjusting for $7.02 billion in cash-equivalents, the company has a net debt of $17.31 billion.
Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while …