Honeywell International Inc (HON)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| 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 |
| Financial leverage ratio | 2.82 | 4.22 | 4.09 | 3.99 | 3.88 | 3.45 | 3.60 | 3.42 | 3.60 | 3.40 | 3.55 | 3.45 | 3.35 | 3.60 | 3.51 | 3.48 | 3.63 | 3.47 | 3.50 | 3.25 |
Honeywell International Inc's solvency ratios indicate a strong financial position with minimal debt exposure. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have consistently remained at 0.00 across the reported periods, signaling that the company has no significant debt relative to its total assets, capital, or equity.
The Financial leverage ratio, on the other hand, has shown some fluctuations over time but has generally been within a moderate range. The ratio increased from 3.25 in March 2020 to 4.22 in September 2024, indicating a higher level of financial leverage in the latter period. However, it is important to note that a financial leverage ratio of 4.22 is still considered reasonable and does not raise significant concerns about the company's ability to meet its financial obligations.
Overall, based on these solvency ratios, it can be inferred that Honeywell International Inc is in a sound financial position with a low level of debt relative to its assets, capital, and equity, providing a strong foundation for future financial stability and growth.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 7.46 | 8.41 | 9.34 | 10.20 | 10.90 | 10.72 | 12.49 | 14.15 | 16.18 | 20.68 | 20.80 | 21.82 | 22.56 | 21.42 | 18.89 | 16.78 | 17.70 | 18.06 | 20.52 | 22.89 |
The interest coverage ratio of Honeywell International Inc has exhibited a declining trend from March 31, 2020, at 22.89 to December 31, 2024, at 7.46. This indicates a reduction in the company's ability to cover its interest expenses with operating income over the period. The ratio peaked at 22.89 on March 31, 2020, and has since gradually decreased, with some fluctuations, reaching its lowest point of 7.46 on December 31, 2024. The decreasing trend in the interest coverage ratio suggests a weakening financial position in terms of the company's ability to meet its interest obligations from its operating profits. This may raise concerns about the company's financial stability and ability to service its debt obligations in the long run.
See also:
Honeywell International Inc Solvency Ratios (Quarterly Data)