L3Harris Technologies Balance Sheet Health
Financial Health criteria checks 2/6
L3Harris Technologies has a total shareholder equity of $18.7B and total debt of $13.4B, which brings its debt-to-equity ratio to 71.6%. Its total assets and total liabilities are $41.8B and $23.1B respectively. L3Harris Technologies's EBIT is $2.4B making its interest coverage ratio 3.9. It has cash and short-term investments of $477.0M.
Key information
71.6%
Debt to equity ratio
US$13.40b
Debt
Interest coverage ratio | 3.9x |
Cash | US$477.00m |
Equity | US$18.73b |
Total liabilities | US$23.09b |
Total assets | US$41.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: L1HX34's short term assets ($8.3B) do not cover its short term liabilities ($8.4B).
Long Term Liabilities: L1HX34's short term assets ($8.3B) do not cover its long term liabilities ($14.6B).
Debt to Equity History and Analysis
Debt Level: L1HX34's net debt to equity ratio (69%) is considered high.
Reducing Debt: L1HX34's debt to equity ratio has reduced from 97.9% to 71.6% over the past 5 years.
Debt Coverage: L1HX34's debt is not well covered by operating cash flow (12.3%).
Interest Coverage: L1HX34's interest payments on its debt are well covered by EBIT (3.9x coverage).