Lockheed Martin Corporation (LMT)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 6,333,000 | 6,835,000 | 9,266,000 | 10,959,000 | 6,015,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $6,333,000K)
= 0.00
Based on the provided data, Lockheed Martin Corporation has consistently maintained a debt-to-capital ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 means that the company's capital structure is entirely financed by equity, signaling a low financial risk and a strong financial position. This could be viewed positively by investors and creditors as it suggests that the company is not heavily reliant on debt financing to support its operations and growth. However, it's essential to consider other financial metrics and factors to gain a more holistic understanding of Lockheed Martin's financial health and performance.