Honeywell International Inc (HON)
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 | 15,856,000 | 17,231,000 | 17,299,000 | 16,919,000 | 16,697,000 | 17,707,000 | 17,541,000 | 18,365,000 | 18,569,000 | 17,842,000 | 17,938,000 | 17,986,000 | 17,549,000 | 18,074,000 | 18,147,000 | 17,644,000 | 18,494,000 | 18,109,000 | 17,870,000 | 18,767,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $15,856,000K)
= 0.00
The debt-to-capital ratio of Honeywell International Inc has shown some fluctuation over the past eight quarters, ranging from 0.49 to 0.56. Generally, the ratio has been hovering around the 0.5 mark, indicating that the company maintains a balance between debt and equity in its capital structure.
In the most recent quarter, Q4 2023, the debt-to-capital ratio increased to 0.56 from 0.54 in Q3 2023, suggesting a slight increase in the proportion of debt relative to total capital. This could potentially signal either increased borrowing or a decrease in equity capital.
Over the past two years, the company has managed to keep its debt-to-capital ratio relatively stable, with fluctuations within a narrow range, indicating a prudent approach to managing its capital structure.
It is important for stakeholders to monitor this ratio closely to assess the company's financial leverage and its ability to meet debt obligations. Additionally, comparing this ratio with industry peers and historical trends can provide further insights into Honeywell International Inc's financial health and risk profile.
Peer comparison
Dec 31, 2023
See also:
Honeywell International Inc Debt to Capital (Quarterly Data)