Honeywell International Inc (HON)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $15,856,000K
= 0.00
Honeywell International Inc's debt-to-equity ratio has shown some fluctuations over the past eight quarters, ranging from 0.96 to 1.29. The trend indicates an increasing leverage position from Q3 2022 to Q4 2023, with the ratio exceeding 1 in five out of the eight quarters. The ratio exceeding 1 suggests that the company has higher levels of debt relative to equity, indicating that creditors have a higher claim on the company's assets than shareholders. This may indicate increased financial risk and potential concerns about the company's ability to meet its debt obligations. However, it is important to consider the industry norms and the company's specific circumstances before drawing definitive conclusions about the implications of this trend.
Peer comparison
Dec 31, 2023