L3Harris Technologies Inc (LHX)

Debt-to-equity 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 stockholders’ equity US$ in thousands 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 22,773,000
Debt-to-equity ratio 0.58 0.56 0.60 0.59 0.60 0.43 0.45 0.34 0.38 0.37 0.37 0.37 0.36 0.36 0.35 0.34 0.29 0.28 0.29 0.28

September 30, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $11,093,000K ÷ $18,998,000K
= 0.58

The debt-to-equity ratio of L3Harris Technologies Inc has shown some fluctuations over the past few quarters. It has ranged from 0.28 to 0.60, indicating changes in the company's capital structure and its mix of debt and equity financing.

In recent quarters, the debt-to-equity ratio has been relatively stable, staying within the range of 0.56 to 0.60. This suggests that the company has been maintaining a moderate level of debt compared to equity in its capital structure.

Furthermore, the trend over the past few years indicates that the debt-to-equity ratio has generally been increasing gradually. This may signal a slight shift towards more debt financing or a reduction in the level of equity.

Overall, a debt-to-equity ratio of around 0.56 to 0.60 suggests that L3Harris Technologies Inc has a balanced mix of debt and equity in its capital structure, which may indicate a moderate level of financial risk and leverage. Investors and stakeholders may want to monitor this ratio to assess the company's future financial health and stability.


Peer comparison

Sep 30, 2024