Textron Inc (TXT)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 16,838,000 | 16,452,000 | 16,414,000 | 16,856,000 | 16,492,000 | 16,485,000 | 16,393,000 | 16,293,000 | 15,956,000 | 15,879,000 | 15,911,000 | 15,827,000 | 15,269,000 | 15,379,000 | 15,414,000 | 15,443,000 | 15,861,000 | 15,471,000 | 15,946,000 | 15,018,000 |
| Debt-to-assets 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, 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 been reported as 0.00 since December 31, 2019, up to the most recent data available as of December 31, 2024. This indicates that the company has maintained a debt level of zero in relation to its total assets over the period analyzed. A debt-to-assets ratio of 0.00 suggests that Textron Inc relies entirely on equity financing rather than debt to fund its operations and investments. This could imply a low financial risk as the company is not leveraging itself with debt, which may be viewed positively by investors and creditors. It also indicates a strong financial position and stability in the company's capital structure. Additionally, a consistent debt-to-assets ratio of 0.00 over multiple periods could indicate a deliberate financial strategy or a lack of significant borrowing needs by Textron Inc during the period under review.
Peer comparison
Dec 31, 2024