L3Harris Technologies Inc (LHX)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $19,514,000K
= 0.00
The debt-to-equity ratio of L3Harris Technologies Inc has consistently been reported as 0.00 in the provided data spanning from March 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt or very minimal debt in relation to its equity. This can suggest that the company relies more on equity financing rather than debt to fund its operations and growth.
Having a debt-to-equity ratio of 0.00 can be considered favorable from a risk perspective, as it signifies lower financial risk and a strong financial position. It implies that the company is not burdened by significant levels of debt obligations that could potentially strain its financial stability or ability to meet its obligations.
Overall, based on the consistently low and stable debt-to-equity ratio of 0.00 over the specified period, L3Harris Technologies Inc appears to have a conservative capital structure with minimal reliance on debt financing, which may be viewed positively by investors and creditors.
Peer comparison
Dec 31, 2024