Textron Inc (TXT)
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 | 16,838,000 | 16,856,000 | 16,293,000 | 15,827,000 | 15,443,000 |
| 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 ÷ $16,838,000K
= 0.00
The debt-to-assets ratio of Textron Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used debt financing to fund its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are primarily financed by equity rather than debt. This low ratio may indicate lower financial risk and potential for better creditworthiness in the eyes of investors and lenders. However, it's essential to consider other financial metrics and factors in conjunction with this ratio to get a more comprehensive understanding of Textron Inc's financial health and capital structure.
Peer comparison
Dec 31, 2024