Huntington Ingalls Industries Inc (HII)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,110,000 | 2,214,000 | 2,506,000 | 3,298,000 | 1,686,000 |
| Total assets | US$ in thousands | 12,141,000 | 11,215,000 | 10,857,000 | 10,627,000 | 8,157,000 |
| Debt-to-assets ratio | 0.26 | 0.20 | 0.23 | 0.31 | 0.21 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,110,000K ÷ $12,141,000K
= 0.26
The debt-to-assets ratio for Huntington Ingalls Industries Inc has fluctuated over the past five years. As of December 31, 2020, the ratio stood at 0.21, indicating that the company had $0.21 in debt for every dollar of assets.
By the end of December 31, 2021, the ratio increased to 0.31, suggesting a higher level of debt relative to assets. However, in the following year, as of December 31, 2022, the ratio decreased to 0.23, showing a reduction in the proportion of debt to assets.
Further, by December 31, 2023, the ratio dropped to 0.20, signaling a lower level of debt compared to assets. Lastly, as of December 31, 2024, the ratio increased to 0.26, indicating a slightly higher proportion of debt to assets compared to the previous year.
Overall, the trend in the debt-to-assets ratio for Huntington Ingalls Industries Inc shows some fluctuations but generally remains at a moderate level, indicating a reasonable balance between debt and assets across the years analyzed.
Peer comparison
Dec 31, 2024