Textron Inc (TXT)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 7,204,000 | 6,987,000 | 7,113,000 | 6,815,000 | 5,845,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $7,204,000K)
= 0.00
The debt-to-capital ratio for Textron Inc has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations relative to its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is primarily composed of equity, which may signify a lower financial risk and potential stability in its financial position. It is important to note that a zero debt-to-capital ratio may also indicate that the company has limited leverage for potential growth opportunities or tax advantages associated with debt financing. Further investigation into the company's capital allocation strategy and long-term financial objectives may provide insights into its decision to maintain a debt-free position over the years.
Peer comparison
Dec 31, 2024