L3Harris Technologies Balance Sheet Health
Financial Health criteria checks 2/6
L3Harris Technologies has a total shareholder equity of $19.1B and total debt of $12.6B, which brings its debt-to-equity ratio to 66.2%. Its total assets and total liabilities are $41.9B 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 $539.0M.
Key information
66.2%
Debt to equity ratio
US$12.61b
Debt
| Interest coverage ratio | 3.5x |
| Cash | US$539.00m |
| Equity | US$19.06b |
| Total liabilities | US$22.83b |
| Total assets | US$41.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HRS's short term assets ($8.3B) exceed its short term liabilities ($8.0B).
Long Term Liabilities: HRS's short term assets ($8.3B) do not cover its long term liabilities ($14.9B).
Debt to Equity History and Analysis
Debt Level: HRS's net debt to equity ratio (63.3%) is considered high.
Reducing Debt: HRS's debt to equity ratio has increased from 30.4% to 66.2% over the past 5 years.
Debt Coverage: HRS's debt is not well covered by operating cash flow (17.6%).
Interest Coverage: HRS's interest payments on its debt are well covered by EBIT (3.5x coverage).