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.