L3Harris Technologies Balance Sheet Health
Financial Health criteria checks 2/6
L3Harris Technologies has a total shareholder equity of $18.9B and total debt of $13.0B, which brings its debt-to-equity ratio to 68.5%. Its total assets and total liabilities are $41.7B and $22.8B respectively. L3Harris Technologies's EBIT is $2.4B making its interest coverage ratio 3.5. It has cash and short-term investments of $547.0M.
Key information
68.5%
Debt to equity ratio
US$12.95b
Debt
| Interest coverage ratio | 3.5x |
| Cash | US$547.00m |
| Equity | US$18.90b |
| Total liabilities | US$22.75b |
| Total assets | US$41.66b |
Recent financial health updates
Here's Why L3Harris Technologies (NYSE:LHX) Can Manage Its Debt Responsibly
Aug 12
Is L3Harris Technologies (NYSE:LHX) Using Too Much Debt?
Apr 20Is L3Harris Technologies (NYSE:LHX) A Risky Investment?
Jan 10Does L3Harris Technologies (NYSE:LHX) Have A Healthy Balance Sheet?
Aug 24Recent updates
L3Harris Technologies: A Mispriced Gem Among U.S. Defense Stocks
Oct 02An Intrinsic Calculation For L3Harris Technologies, Inc. (NYSE:LHX) Suggests It's 47% Undervalued
Oct 02L3Harris: Not Only About Defense Spending But Also Going Commercial
Sep 13L3Harris: A Must-Own Stock In A World Of Growing Defense Budgets
Aug 31Here's Why L3Harris Technologies (NYSE:LHX) Can Manage Its Debt Responsibly
Aug 12Cash Flow King - L3Harris Remains A Significantly Undervalued Dividend Growth Gem
Aug 09L3Harris Q2 Earnings Preview: Can The Outperformance Continue
Jul 22With L3Harris Technologies, Inc. (NYSE:LHX) It Looks Like You'll Get What You Pay For
Jul 14Underappreciated And Undervalued: Why L3Harris Remains A Dividend Favorite
Jul 09Are Investors Undervaluing L3Harris Technologies, Inc. (NYSE:LHX) By 41%?
May 28L3Harris Technologies: Future Dividend Aristocrat With Strong Annual Return Potential
Apr 26Is L3Harris Technologies (NYSE:LHX) Using Too Much Debt?
Apr 20L3Harris Technologies: Defensive Qualities Have To Come Through
Apr 18L3Harris Technologies, Inc. (NYSE:LHX) Not Flying Under The Radar
Apr 05L3Harris Technologies (NYSE:LHX) Is Increasing Its Dividend To $1.16
Feb 26L3Harris Technologies: My Favorite Dividend Growth Stock Continues To Fire On All Cylinders
Feb 11Is L3Harris Technologies, Inc. (NYSE:LHX) Trading At A 45% Discount?
Jan 30Is L3Harris Technologies (NYSE:LHX) A Risky Investment?
Jan 10L3Harris Technologies: Unlocking Value In The Defense Industry
Jan 0714% Annual Return Potential: L3Harris Is My Favorite Dividend Stock Going Into 2024
Dec 20L3Harris Technologies, Inc.'s (NYSE:LHX) Popularity With Investors Is Clear
Dec 20L3Harris Technologies: Looking Solid Heading Into 2024
Dec 06With Significant Potential, L3Harris Remains My Favorite Deep Value Dividend Stock
Nov 20L3Harris Q3: Widening Valuation Gap Despite Solid Execution, On-Track Aerojet Integration
Nov 03L3Harris: Why It's Time For Buyers To Catch This Falling Knife
Oct 18L3Harris: Trading At A Discount Despite Favorable Competitive Positioning And M&A Upside
Oct 04L3Harris Growth Prospects Take Off With Space Wins And Defense Spending
Sep 15Up To 50% Undervalued - Why L3Harris Has Become My Favorite Dividend Growth Stock
Sep 06L3Harris: The Secrets Of Becoming A New Defense Star (And A Caveat)
Aug 28Does L3Harris Technologies (NYSE:LHX) Have A Healthy Balance Sheet?
Aug 24L3Harris Has Become A Strong Buy After Stellar Q2 Earnings
Jul 27Financial Position Analysis
Short Term Liabilities: LHX's short term assets ($8.0B) do not cover its short term liabilities ($9.0B).
Long Term Liabilities: LHX's short term assets ($8.0B) do not cover its long term liabilities ($13.8B).
Debt to Equity History and Analysis
Debt Level: LHX's net debt to equity ratio (65.6%) is considered high.
Reducing Debt: LHX's debt to equity ratio has reduced from 105.5% to 68.5% over the past 5 years.
Debt Coverage: LHX's debt is not well covered by operating cash flow (15.3%).
Interest Coverage: LHX's interest payments on its debt are well covered by EBIT (3.5x coverage).