Leidos Holdings Inc (LDOS)
Debt-to-capital 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 | 4,201,000 | 4,299,000 | 4,291,000 | 3,862,000 | 3,413,000 |
| Debt-to-capital ratio | 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 + $4,201,000K)
= 0.00
The debt-to-capital ratio for Leidos Holdings Inc has been consistently reported as 0.00 for the past five years (2019-2023). This indicates that the company has not utilized any debt to finance its operations in relation to its capital structure during these years. A debt-to-capital ratio of 0.00 suggests that the company has been relying solely on equity financing rather than debt financing, which may indicate a low financial risk and strong financial position. It is important to note that a debt-to-capital ratio of 0.00 may not always be ideal for all companies, as some level of debt can provide tax advantages and leverage for growth.
Peer comparison
Dec 31, 2023