Leidos Holdings Inc (LDOS)
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 | 12,695,000 | 13,071,000 | 13,261,000 | 12,511,000 | 9,367,000 |
| 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 ÷ $12,695,000K
= 0.00
The debt-to-assets ratio of Leidos Holdings Inc has consistently been 0.00 for the past five years (2019-2023). This indicates that the company has not used debt as a source of financing for its assets during this period, as its total assets have been fully financed by equity or other non-debt sources. A debt-to-assets ratio of 0.00 signifies a low financial risk associated with debt obligations, as there is no debt to be repaid using the company's assets. Leidos Holdings Inc's stable and consistently low debt-to-assets ratio suggests a prudent and conservative approach to capital structure management, highlighting the company's ability to fund its operations and investments through internal resources or equity financing.
Peer comparison
Dec 31, 2023