Raytheon Technologies Corp (RTX)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $59,798,000K
= 0.00
The debt-to-equity ratio of RTX Corp has shown a fluctuating trend over the past eight quarters. It increased from 0.43 in Q1 2022 to a peak of 0.73 in Q4 2023, indicating a higher level of debt relative to equity in the company's capital structure. However, it is worth noting that this ratio has not consistently trended upwards and has varied between 0.44 and 0.73 during this period.
The ratio dipped to 0.47 in Q1 2023 before gradually increasing in the subsequent quarters. This suggests that RTX Corp may have taken on more debt relative to equity in recent quarters, which could potentially signal increased financial leverage and risk. However, the company's debt levels appear to have been managed within a certain range, as the ratio has not exceeded 0.73.
Overall, while the increasing trend in the debt-to-equity ratio of RTX Corp may raise some concerns about its financial leverage, further analysis of the company's overall financial health and risk management strategies would be required to provide a more comprehensive assessment of its capital structure.
Peer comparison
Dec 31, 2023