L3Harris Technologies Inc (LHX)

Debt-to-capital ratio

Dec 31, 2024 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
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 19,514,000 18,998,000 18,840,000 18,666,000 18,765,000 18,616,000 18,428,000 18,306,000 18,523,000 18,337,000 19,086,000 19,260,000 19,213,000 19,484,000 19,863,000 20,367,000 20,724,000 21,313,000 22,102,000 21,898,000
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 consistently remained at 0.00% over the analyzed period from March 31, 2020 to December 31, 2024. This indicates that the company has not utilized debt significantly in its capital structure, relying more on equity financing. A debt-to-capital ratio of 0.00% suggests a conservative financial strategy with a lower risk of financial distress due to debt obligations. It may imply that the company is managing its debt levels prudently and maintaining a healthy balance between debt and equity in its capital structure. However, the low debt-to-capital ratio may also imply missed opportunities for leveraging debt to potentially enhance returns for shareholders, depending on the company's overall financial strategy and objectives.


Peer comparison

Dec 31, 2024