Textron Inc (TXT)

Debt-to-assets 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 assets US$ in thousands 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 15,062,000 14,796,000 14,480,000
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, 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 consistently been 0.00 across all the reported periods. This indicates that the company has not used any debt to finance its assets, meaning that its assets are primarily funded through equity. A debt-to-assets ratio of 0.00 reflects a strong financial position with minimal financial risk associated with debt. However, it is also important to note that the absence of debt in the capital structure may limit the company's financial flexibility and the potential tax benefits that come with debt financing. Overall, a consistently low debt-to-assets ratio suggests that Textron Inc has been managing its capital structure prudently by relying more on equity financing.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-assets ratio
Textron Inc
TXT
0.00
AAR Corp
AIR
0.36
Triumph Group Inc
TGI
0.00