Lockheed Martin Corporation (LMT)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 55,617,000 | 52,456,000 | 52,880,000 | 50,873,000 | 50,710,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $55,617,000K
= 0.00
Based on the data provided, Lockheed Martin Corporation has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not had any debt in relation to its total assets during this period. A debt-to-assets ratio of 0.00 suggests that Lockheed Martin has been financing its operations primarily through equity rather than debt. This low debt level can be seen as a positive sign of financial stability, as the company is not overly reliant on borrowing to fund its activities. Additionally, a low debt-to-assets ratio may also imply lower financial risk and potential for better profitability and growth prospects.