Table T-5.21

Delta Air Lines

Ratios
  1999 1998
Current ratio 0.5 0.73
Quick ratio 0.33 0.56
Working capital (in $ millions) -2655 -1215
Receivables turnover 24.44 15.07
DSO (in days) 14.93 24.22
Inventory turnover - -
DSI (in days) - -
Payables turnover - -
DPO (in days) - -
Working capital turnover -5.54 -11.64
TIE 9.4 9.11
Fixed assets/equity 2.47 2.22
Debt/equity 2.13 2.12
Pbt/equity 0.39 0.39
Pbt/total assets 0.11 0.11
Pat/equity 0.24 0.24
Pat/total assets 0.07 0.07
Sales/fixed assets 1.28 1.52
Sales/total assets 0.89 0.97
Source: Delta Air Lines 1999 Annual Report