L3Harris Technologies Inc (LHX)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 19,514,000 | 18,765,000 | 18,523,000 | 19,213,000 | 20,724,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $19,514,000K)
= 0.00
The debt-to-capital ratio of L3Harris Technologies Inc has been consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt financing in relation to its capital structure during this period. A debt-to-capital ratio of 0% suggests a conservative financial approach, as the company is not relying on debt to fund its operations or investments. This could imply lower financial risk and greater financial stability for the company, as it does not have significant debt obligations impacting its capital.
Peer comparison
Dec 31, 2024