Textron Inc (TXT)
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 | 16,856,000 | 16,293,000 | 15,827,000 | 15,443,000 | 15,018,000 |
| 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 ÷ $16,856,000K
= 0.00
The debt-to-assets ratio for Textron Inc has been consistently at 0.00 over the past five years, indicating that the company has not used debt financing to fund its operations or acquisitions. This suggests that Textron Inc primarily relies on equity financing to support its assets, which may signify a robust financial position with low financial risk. However, it is important to note that a zero debt-to-assets ratio may also indicate missed opportunities for leveraging debt to potentially enhance returns for shareholders. Overall, the stable and low debt-to-assets ratio of Textron Inc reflects a conservative approach to managing its capital structure and financial risk.
Peer comparison
Dec 31, 2023