Textron Inc (TXT)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 6,987,000 | 7,113,000 | 6,815,000 | 5,845,000 | 5,518,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $6,987,000K
= 0.00
The debt-to-equity ratio of Textron Inc has consistently been reported as 0.00 for the past five years, from 2019 to 2023. This indicates that the company has not utilized any debt financing in relation to its equity during this period. A debt-to-equity ratio of 0.00 suggests that Textron Inc's capital structure is primarily equity-funded, which can be seen as a positive sign of financial stability and low financial risk. However, it also implies that the company may not be taking full advantage of potential tax benefits or leverage that debt financing can provide. Further analysis of the company's financial strategy and future plans would be necessary to fully understand the implications of this consistent ratio.
Peer comparison
Dec 31, 2023