Raytheon Technologies Corp (RTX)
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 | 162,861,000 | 161,869,000 | 158,864,000 | 161,404,000 | 162,153,000 |
| 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 ÷ $162,861,000K
= 0.00
Based on the data provided for Raytheon Technologies Corp, the debt-to-assets ratio for the years 2020 to 2024 is consistently 0.00. This indicates that the company has not utilized debt financing to fund its operations or growth during these years. A debt-to-assets ratio of 0.00 implies that the company's total assets are entirely financed by equity, suggesting a low financial risk and a strong financial position. While debt can be a useful tool for leveraging growth opportunities, a consistently low debt-to-assets ratio may indicate a conservative financial strategy focused on minimizing financial risk and maintaining a strong balance sheet.
Peer comparison
Dec 31, 2024