China Southern Airlines annual debt-to-equity ratio
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
China Southern Airlines Debt-to-Equity Ratio Growth & History (CHKIF)
China Southern Airlines's debt-to-equity ratio was 6.22 for fiscal 2025.
View full China Southern Airlines company overviewChina Southern Airlines annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 6.22 | 0.26 | +4.33% |
| 2024 | 2024-12-31 | 5.96 | 0.54 | +9.92% |
| 2023 | 2023-12-31 | 5.42 | 0.22 | +4.28% |
| 2022 | 2022-12-31 | 5.20 | 2.26 | +77.21% |
| 2021 | 2021-12-31 | 2.93 | 0.07 | +2.33% |
| 2020 | 2020-12-31 | 2.87 | −0.02 | −0.81% |
| 2019 | 2019-12-31 | 2.89 | 0.95 | +48.91% |
| 2018 | 2018-12-31 | 1.94 | 0.97 | +100.69% |
| 2017 | 2017-12-31 | 0.97 | −0.08 | −7.65% |
| 2016 | 2016-12-31 | 1.05 | — | — |
China Southern Airlines quarterly debt-to-equity ratio
Q4.16
Q4.17
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.24
Q1.25
Q2.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 6.90 | 0.88 | +14.58% |
| Q1 2026 | 2026-03-31 | 5.95 | −0.01 | −0.16% |
| Q4 2025 | 2025-12-31 | 6.22 | 0.26 | +4.33% |
| Q2 2025 | 2025-06-30 | 6.02 | — | — |
| Q1 2025 | 2025-03-31 | 5.96 | — | — |
| Q4 2024 | 2024-12-31 | 5.96 | — | — |
| Q4 2022 | 2022-12-31 | 5.20 | 2.26 | +77.21% |
| Q4 2021 | 2021-12-31 | 2.93 | 0.07 | +2.33% |
| Q4 2020 | 2020-12-31 | 2.87 | −0.02 | −0.81% |
| Q4 2019 | 2019-12-31 | 2.89 | 0.95 | +48.91% |
| Q4 2018 | 2018-12-31 | 1.94 | 0.97 | +100.69% |
| Q4 2017 | 2017-12-31 | 0.97 | −0.08 | −7.65% |
| Q4 2016 | 2016-12-31 | 1.05 | — | — |
China Southern Airlines debt-to-equity ratio trends
Over the last five fiscal years, China Southern Airlines's debt-to-equity ratio increased from 2.87 to 6.22, a change of 3.35. The latest reported quarter, Q2 2026, shows 6.90.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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