Raytheon Technologies Corp (RTX)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 161,869,000 | 158,864,000 | 161,404,000 | 162,153,000 | 139,615,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $161,869,000K
= 0.00
The debt-to-assets ratio of RTX Corp has fluctuated over the past five years, ranging from 0.20 to 0.31. The ratio indicates the proportion of the company's assets financed by debt, with a higher ratio suggesting higher financial risk. In 2023, the ratio increased to 0.27 from 0.20 in 2022, showing a slight increase in reliance on debt for asset financing. However, it is important to note that the ratio remains relatively low compared to 2019 when it was 0.31. Overall, RTX Corp should continue to monitor its debt levels relative to its assets to ensure financial stability and manage risk effectively.
Peer comparison
Dec 31, 2023