L3Harris Technologies Inc (LHX)

Debt-to-equity ratio

		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	Jun 30, 2019
Long-term debt	US$ in thousands	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	2,763,000
Total stockholders’ equity	US$ in thousands	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	3,363,000
Debt-to-equity ratio		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	0.82

June 30, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $10,533,000K ÷ $18,840,000K
= 0.56

The debt-to-equity ratio of L3Harris Technologies Inc has shown a fluctuating trend over the past few quarters. As of Jun 30, 2024, the ratio stands at 0.56, indicating that the company has $0.56 in debt for every $1 of equity. This suggests a moderate level of leverage.

The ratio has been relatively stable around the range of 0.35 to 0.60 in recent quarters, with some minor variations. The spike in the ratio to 0.82 in Sep 30, 2019, may have been a point of concern, indicating higher debt levels relative to equity at that time.

Overall, the company's debt-to-equity ratio suggests that it has been managing its debt and equity structure prudently, maintaining a balance between debt financing and equity financing. It is essential to continue monitoring this ratio to assess the company's financial leverage and risk levels going forward.