L3Harris Technologies Inc (LHX)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 42,001,000 | 41,687,000 | 33,524,000 | 34,709,000 | 36,960,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $42,001,000K
= 0.00
The debt-to-assets ratio of L3Harris Technologies Inc from December 31, 2020, to December 31, 2024, remained consistently at 0.00. This indicates that the company has not utilized debt to finance its assets during this period. A low debt-to-assets ratio can suggest financial stability, as the company is not heavily reliant on borrowing to support its operations or investments. However, it is important to note that a zero debt-to-assets ratio could also mean that the company does not benefit from potential tax advantages associated with debt financing. Further analysis of the company's financial structure and overall performance would be necessary to fully understand the implications of this ratio.
Peer comparison
Dec 31, 2024