Raytheon Technologies Corp (RTX)

Debt-to-capital ratio

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 59,798,000 69,596,000 72,480,000 72,795,000 72,632,000 70,187,000 70,441,000 72,462,000 73,068,000 71,308,000 71,115,000 71,710,000 72,163,000 68,379,000 67,225,000 39,411,000 41,774,000 40,468,000 40,754,000 39,738,000
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $59,798,000K)
= 0.00

RTX Corp's debt-to-capital ratio has shown a slight upward trend over the past few quarters, increasing from 0.30 in Q1 2022 to 0.42 in Q4 2023. This indicates that the company has been using a higher proportion of debt in its capital structure relative to equity.

While an increasing debt-to-capital ratio may imply higher financial risk due to greater reliance on debt financing, it can also signify potential benefits such as tax advantages from interest payments and the ability to leverage financial resources for growth opportunities.

It is important for RTX Corp to carefully manage its debt levels to ensure that it remains within comfortable limits and can meet its debt obligations. Monitoring the trend of the debt-to-capital ratio over time can provide valuable insights into the company's financial health and capital structure management.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-capital ratio
Raytheon Technologies Corp
RTX
0.00
Honeywell International Inc
HON
0.00

See also:

Raytheon Technologies Corp Debt to Capital (Quarterly Data)