The Boeing Company (BA)
Debt-to-capital ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | -17,233,000 | -16,729,000 | -15,517,000 | -15,508,000 | -15,883,000 | -17,699,000 | -14,888,000 | -15,398,000 | -14,999,000 | -14,440,000 | -16,682,000 | -18,058,000 | -18,316,000 | -11,821,000 | -11,667,000 | -9,665,000 | -8,617,000 | -4,116,000 | -5,322,000 | 125,000 |
| Debt-to-capital ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $-17,233,000K)
= —
The debt-to-capital ratio for Boeing Co. has been fluctuating over the past eight quarters, ranging from 1.35 to 1.49. This ratio measures the proportion of a company's capital that is funded by debt, with higher ratios indicating a greater reliance on debt financing.
The trend indicates an overall increase in the debt-to-capital ratio from the first quarter of 2022 to the fourth quarter of 2023, with some fluctuations in between. This suggests that Boeing Co. has increasingly used debt to finance its operations and investments during this period.
It is important to note that a higher debt-to-capital ratio can signal higher financial risk, as it means the company has a larger proportion of debt in its capital structure. Investors and creditors may monitor this ratio closely to assess Boeing Co.'s ability to manage its debt obligations and the overall health of its financial position.
Peer comparison
Dec 31, 2023