L3Harris Technologies Inc (LHX)
Debt-to-assets ratio
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 11,093,000 | 10,533,000 | 11,140,000 | 11,160,000 | 11,140,000 | 7,867,000 | 8,220,000 | 6,225,000 | 7,030,000 | 7,044,000 | 7,057,000 | 7,048,000 | 7,064,000 | 7,072,000 | 7,078,000 | 6,943,000 | 6,261,000 | 6,273,000 | 6,294,000 | 6,307,000 |
| Total assets | US$ in thousands | 41,889,000 | 41,657,000 | 41,816,000 | 41,687,000 | 42,293,000 | 35,362,000 | 35,507,000 | 33,524,000 | 33,381,000 | 34,138,000 | 34,444,000 | 34,709,000 | 35,018,000 | 36,064,000 | 36,590,000 | 36,960,000 | 37,145,000 | 37,852,000 | 38,105,000 | 38,947,000 |
| Debt-to-assets ratio | 0.26 | 0.25 | 0.27 | 0.27 | 0.26 | 0.22 | 0.23 | 0.19 | 0.21 | 0.21 | 0.20 | 0.20 | 0.20 | 0.20 | 0.19 | 0.19 | 0.17 | 0.17 | 0.17 | 0.16 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $11,093,000K ÷ $41,889,000K
= 0.26
The debt-to-assets ratio of L3Harris Technologies Inc has shown some fluctuations over the periods provided. The ratio has ranged from 0.16 to 0.27, indicating the proportion of the company's assets financed by debt.
Overall, the trend suggests that the company's reliance on debt has increased slightly in recent quarters, as seen in the higher ratios in the most recent periods compared to previous years. However, it is important to note that the ratio has generally been maintained within a stable range, indicating a balanced approach to debt management.
A ratio below 0.5 is generally considered healthy, as it suggests that the company has more assets than debt. L3Harris Technologies Inc's ratios are well within this range, indicating that the company has a relatively conservative level of debt relative to its total assets.
In conclusion, the debt-to-assets ratios of L3Harris Technologies Inc show a prudent approach to debt management, with a reasonable balance between debt and assets over the periods provided.
Peer comparison
Sep 30, 2024