The Boeing Company (BA)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | — | — | — | — | — |
| Debt-to-equity ratio | — | — | — | — | — |
| Financial leverage ratio | — | — | — | — | — |
Based on the provided data, The Boeing Company has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company's total debt is minimal in relation to its total assets, reflecting a healthy financial position in terms of solvency.
The debt-to-capital, debt-to-equity, and financial leverage ratios are not available (\u2014) for the mentioned years, which could be due to a lack of debt or capital information in the provided dataset. Without these ratios, it is difficult to assess the company's leverage, capital structure, and debt burden relative to equity.
Overall, based on the available debt-to-assets ratio data, The Boeing Company appears to have a strong solvency position with minimal debt relative to its total assets, showing stability and financial health in the years analyzed. However, a more comprehensive analysis incorporating additional financial ratios would provide a clearer picture of the company's overall solvency and leverage position.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | -3.73 | -0.30 | -1.34 | -1.04 | -5.60 |
The interest coverage ratio measures a company's ability to meet its interest obligations with its operating income. A higher ratio indicates a stronger ability to cover interest expenses.
Looking at the data provided for The Boeing Company, the interest coverage ratios for the years ending December 31, 2020, and December 31, 2024, were -5.60 and -3.73 respectively. These ratios indicate that Boeing's operating income was insufficient to cover its interest expenses during those years.
The ratios for the years ending December 31, 2021, 2022, and 2023 were -1.04, -1.34, and -0.30 respectively. These ratios also show that Boeing faced challenges in generating enough operating income to cover its interest payments during those periods.
Overall, the negative values of the interest coverage ratios for Boeing suggest a concerning trend where the company's operating income was not adequate to meet its interest obligations consistently across the years analyzed. This raises potential concerns about Boeing's financial health and ability to service its debt effectively. Investors and creditors may consider this information important when evaluating Boeing's financial stability and risk profile.