Honeywell International Inc (HON)
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 | 61,525,000 | 62,275,000 | 64,470,000 | 64,586,000 | 58,679,000 |
| 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 ÷ $61,525,000K
= 0.00
The debt-to-assets ratio for Honeywell International Inc has exhibited some fluctuations over the past five years. In 2023, the ratio increased to 0.33 from 0.31 in 2022, indicating that the company financed 33% of its total assets through debt. This suggests a slight increase in the company's reliance on debt to fund its operations and investments. When compared to the ratios in 2021 and 2020, which were 0.30 and 0.35 respectively, the 2023 ratio falls within this range.
It is worth noting that the debt-to-assets ratio was relatively low in 2019 at 0.27, implying that the company was utilizing less debt compared to its total assets that year. Overall, the trend in the debt-to-assets ratio for Honeywell International Inc indicates a varying degree of leverage over the years, with 2023 showing a moderate level of debt utilization in relation to its assets.
Peer comparison
Dec 31, 2023