The Boeing Company (BA)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 137,012,000 | 137,100,000 | 138,552,000 | 152,136,000 | 133,625,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $137,012,000K
= 0.00
The debt-to-assets ratio for Boeing Co. has shown consistent variability in recent years. The ratio decreased in 2019 to 0.20, indicating that 20% of the company's assets were financed by debt. However, in subsequent years, the ratio increased, reaching 0.42 in 2021, 2022, and 2023. This suggests that 42% of the company's assets were financed by debt in those years. The rising trend of the ratio may indicate an increased reliance on debt financing, potentially leading to higher financial risk and interest expenses. It is important for investors and stakeholders to closely monitor Boeing Co.'s management of its debt levels in relation to its total assets.
Peer comparison
Dec 31, 2023