Textron Inc (TXT)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total stockholders’ equity | US$ in thousands | 7,204,000 | 6,951,000 | 6,931,000 | 6,987,000 | 7,067,000 | 7,034,000 | 7,008,000 | 7,113,000 | 6,762,000 | 6,801,000 | 6,917,000 | 6,815,000 | 6,037,000 | 6,101,000 | 5,996,000 | 5,845,000 | 5,741,000 | 5,527,000 | 5,534,000 | 5,518,000 |
| Financial leverage ratio | 2.34 | 2.37 | 2.37 | 2.41 | 2.33 | 2.34 | 2.34 | 2.29 | 2.36 | 2.33 | 2.30 | 2.32 | 2.53 | 2.52 | 2.57 | 2.64 | 2.76 | 2.80 | 2.88 | 2.72 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $16,838,000K ÷ $7,204,000K
= 2.34
Textron Inc's financial leverage ratio has shown fluctuations over the period from December 31, 2019, to December 31, 2024. The financial leverage ratio represents the company's level of debt relative to its equity.
The financial leverage ratio started at 2.72 on December 31, 2019, and increased gradually to 2.88 by March 31, 2020. It fluctuated slightly, peaking at 2.90 in June 2020 and then gradually declining to 2.32 by December 31, 2021.
From March 31, 2021, to March 31, 2024, the financial leverage ratio remained relatively stable between 2.30 and 2.41, suggesting a moderate level of debt compared to equity during this period.
Ultimately, the financial leverage ratio provides insights into Textron Inc's capital structure and its ability to meet financial obligations. The fluctuations in the ratio indicate changes in the company's debt and equity components, which may impact its overall financial health and risk profile.
Peer comparison
Dec 31, 2024