Alaska Air (ALK) Ratios
Alaska Air Ratios
DE:ALK's free cash flow for Q3 2026 was $-293.00M. For the 2026 fiscal year, DE:ALK's free cash flow was decreased by $-442.00M and operating cash flow was $149.00M. See a summary of the companyās cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.50 | 0.61 | 0.61 | 0.68 | 0.98 |
| Quick Ratio | 0.46 | 0.58 | 0.58 | 0.65 | 0.97 |
| Cash Ratio | 0.10 | 0.20 | 0.06 | 0.08 | 0.12 |
| Solvency Ratio | 0.06 | 0.06 | 0.06 | 0.04 | 0.08 |
| Operating Cash Flow Ratio | 0.19 | 0.24 | 0.24 | 0.32 | 0.26 |
| Short-Term Operating Cash Flow Coverage | 1.73 | 3.31 | 2.05 | 2.81 | 1.62 |
| Net Current Asset Value | $ -12.98B | $ -11.64B | $ -9.02B | $ -8.49B | $ -7.24B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.34 | 0.32 | 0.24 | 0.25 | 0.27 |
| Debt-to-Equity Ratio | 1.67 | 1.46 | 0.93 | 0.99 | 1.07 |
| Debt-to-Capital Ratio | 0.63 | 0.59 | 0.48 | 0.50 | 0.52 |
| Long-Term Debt-to-Capital Ratio | 0.54 | 0.51 | 0.35 | 0.33 | 0.36 |
| Financial Leverage Ratio | 4.94 | 4.52 | 3.85 | 4.02 | 3.94 |
| Debt Service Coverage Ratio | 1.29 | 2.18 | 1.83 | 1.81 | -0.02 |
| Interest Coverage Ratio | 1.25 | 4.01 | 3.26 | 0.74 | 5.85 |
| Debt to Market Cap | 0.96 | 0.60 | 0.54 | 0.44 | 0.43 |
| Interest Debt Per Share | 61.77 | 51.81 | 30.92 | 30.59 | 33.61 |
| Net Debt to EBITDA | 4.84 | 3.64 | 2.84 | 3.12 | 26.39 |
| Profitability Margins | |||||
| Gross Profit Margin | 59.66% | 24.38% | 23.62% | 22.11% | 13.23% |
| EBIT Margin | 3.50% | 7.58% | 7.85% | 7.32% | -4.16% |
| EBITDA Margin | 9.09% | 12.14% | 11.93% | 11.45% | 2.22% |
| Operating Profit Margin | 2.13% | 4.86% | 3.78% | 0.73% | 11.09% |
| Pretax Profit Margin | 1.03% | 4.64% | 3.10% | 0.82% | 10.18% |
| Net Profit Margin | 0.70% | 3.37% | 2.25% | 0.60% | 7.74% |
| Continuous Operations Profit Margin | 0.70% | 3.37% | 2.25% | 0.60% | 7.74% |
| Net Income Per EBT | 68.49% | 72.48% | 72.76% | 73.42% | 75.99% |
| EBT Per EBIT | 48.18% | 95.61% | 81.98% | 112.86% | 91.82% |
| Return on Assets (ROA) | 0.49% | 2.00% | 1.48% | 0.38% | 3.19% |
| Return on Equity (ROE) | 2.43% | 9.03% | 5.71% | 1.52% | 12.58% |
| Return on Capital Employed (ROCE) | 2.20% | 4.18% | 3.46% | 0.64% | 6.24% |
| Return on Invested Capital (ROIC) | 1.41% | 2.89% | 2.41% | 0.45% | 4.48% |
| Return on Tangible Assets | 0.59% | 2.44% | 1.70% | 0.44% | 3.70% |
| Earnings Yield | 1.72% | 4.84% | 4.72% | 1.07% | 7.34% |
| Efficiency Ratios | |||||
| Receivables Turnover | 25.20 | 21.03 | 27.22 | 32.59 | 11.31 |
| Payables Turnover | 17.73 | 47.71 | 38.47 | 34.00 | 26.80 |
| Inventory Turnover | 28.30 | 44.59 | 68.65 | 72.24 | 86.44 |
| Fixed Asset Turnover | 1.20 | 0.97 | 1.09 | 1.11 | 0.81 |
| Asset Turnover | 0.70 | 0.59 | 0.66 | 0.63 | 0.41 |
| Working Capital Turnover Ratio | -4.99 | -5.67 | -6.50 | -12.66 | -34.50 |
| Cash Conversion Cycle | 6.79 | 17.89 | 9.24 | 5.52 | 22.87 |
| Days of Sales Outstanding | 14.48 | 17.36 | 13.41 | 11.20 | 32.27 |
| Days of Inventory Outstanding | 12.90 | 8.19 | 5.32 | 5.05 | 4.22 |
| Days of Payables Outstanding | 20.59 | 7.65 | 9.49 | 10.74 | 13.62 |
| Operating Cycle | 27.38 | 25.54 | 18.73 | 16.25 | 36.49 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 10.81 | 11.61 | 8.24 | 11.20 | 8.24 |
| Free Cash Flow Per Share | -2.93 | 1.45 | -3.49 | -2.00 | 5.90 |
| Dividend Paid and CapEx Coverage Ratio | 0.79 | 1.14 | 0.70 | 0.85 | 3.53 |
| Capital Expenditure Coverage Ratio | 0.79 | 1.14 | 0.70 | 0.85 | 3.53 |
| Operating Cash Flow Coverage Ratio | 0.18 | 0.23 | 0.28 | 0.38 | 0.25 |
| Operating Cash Flow to Sales Ratio | 0.09 | 0.12 | 0.10 | 0.15 | 0.17 |
| Free Cash Flow Yield | -5.83% | 2.24% | -8.92% | -4.65% | 11.33% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 59.18 | 20.69 | 21.18 | 93.77 | 13.63 |
| Price-to-Sales (P/S) Ratio | 0.41 | 0.70 | 0.48 | 0.56 | 1.06 |
| Price-to-Book (P/B) Ratio | 1.41 | 1.87 | 1.21 | 1.43 | 1.71 |
| Price-to-Free Cash Flow (P/FCF) Ratio | -17.14 | 44.63 | -11.21 | -21.50 | 8.83 |
| Price-to-Operating Cash Flow Ratio | 4.65 | 5.58 | 4.74 | 3.84 | 6.33 |
| Price-to-Earnings Growth (PEG) Ratio | -0.81 | 0.30 | 0.07 | -1.07 | -0.10 |
| Enterprise Value Multiple | 9.33 | 9.37 | 6.84 | 8.04 | 73.95 |
| Enterprise Value | 12.08B | 13.36B | 8.51B | 8.88B | 10.13B |
| EV to EBITDA | 9.33 | 9.37 | 6.84 | 8.04 | 73.95 |
| EV to Sales | 0.85 | 1.14 | 0.82 | 0.92 | 1.64 |
| EV to Free Cash Flow | -35.63 | 73.00 | -19.17 | -35.10 | 13.73 |
| EV to Operating Cash Flow | 9.67 | 9.13 | 8.11 | 6.26 | 9.84 |
| Tangible Book Value Per Share | 5.02 | 6.17 | 16.33 | 14.04 | 14.05 |
| Shareholdersā Equity Per Share | 35.64 | 34.66 | 32.29 | 30.13 | 30.39 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.32 | 0.28 | 0.27 | 0.27 | 0.24 |
| Revenue Per Share | 123.25 | 93.03 | 81.85 | 76.16 | 49.38 |
| Net Income Per Share | 0.87 | 3.13 | 1.84 | 0.46 | 3.82 |
| Tax Burden | 0.68 | 0.72 | 0.73 | 0.73 | 0.76 |
| Interest Burden | 0.29 | 0.61 | 0.39 | 0.11 | -2.45 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.03 | 0.03 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.00 | 0.01 | 0.01 | 0.00 | 0.01 |
| Income Quality | 12.49 | 3.71 | 4.47 | 24.45 | 2.15 |
Currency in USD