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 | ||
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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