Honeywell International Inc (HON)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 15,856,000 | 16,697,000 | 18,569,000 | 17,549,000 | 18,494,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $15,856,000K
= 0.00
The debt-to-equity ratio of Honeywell International Inc has shown fluctuations over the past five years, ranging from 0.87 in 2019 to 1.29 in 2023. The ratio indicates the proportion of debt and equity financing used by the company. A higher ratio suggests a higher level of financial leverage and risk, while a lower ratio indicates a more conservative capital structure.
In 2023, the debt-to-equity ratio increased to 1.29, indicating that the company has increased its reliance on debt financing compared to equity. This may result in higher interest expenses and financial risk. It is important to monitor the trend of this ratio over time to assess the company's financial stability and risk management strategies.
Peer comparison
Dec 31, 2023