Before having a look at the importance of debt, let us look at how much debt United Airlines Holdings has.
United Airlines Holdings's Debt According to the United Airlines Holdings’s most recent financial statement as reported on October 15, 2020, total debt is at $28.25 billion, with $23.53 billion in long-term debt and $4.72 billion in current debt.
Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year.
Besides equity, debt is an important factor in the capital structure of a company, and contributes to its growth.
Having financial leverage also allows companies to use additional capital for business operations, allowing equity owners to retain excess profit, generated by the debt capital.