Southwest Airlines Co. balance sheet
At the end of its fiscal year on Dec 31, 2025, Southwest Airlines Co. reported total assets of $29.06B and shareholders' equity of $7.98B. That works out to a current ratio of 0.52 (current assets ÷ current liabilities), long-term debt of 0.62× shareholders' equity.
Balance sheet at each fiscal year end
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $23.29B | $25.11B | $26.24B | $25.89B | $34.59B | $36.32B | $35.37B | $36.49B | $33.75B | $29.06B |
| Current assets | $4.50B | $4.82B | $5.03B | $5.97B | $15.17B | $18.04B | $14.81B | $13.96B | $11.27B | $5.64B |
| Cash & equivalents | $1.68B | $1.50B | $1.85B | $2.55B | $11.06B | $12.48B | $9.49B | $9.29B | $7.51B | $3.23B |
| Current liabilities | $6.84B | $6.86B | $7.91B | $8.95B | $7.51B | $9.16B | $10.38B | $12.26B | $12.28B | $10.92B |
| Long-term debt | — | — | — | — | — | — | $8.10B | $8.01B | $6.70B | $4.93B |
| Shareholders' equity | $7.78B | $9.64B | $9.85B | $9.83B | $8.88B | $10.41B | $10.69B | $10.52B | $10.35B | $7.98B |
| Reported in | 10-K 2018 | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 |
Balance-sheet figures are point-in-time values on the last day of each fiscal year. Some companies (for example banks and insurers) do not present current assets and liabilities; those cells show —.
Source: SEC EDGAR XBRL company facts for CIK 92380 (raw data). Most recent filing in this dataset: 10-Q filed Oct 22, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.