L3Harris Technologies Balance Sheet Health
Financial Health criteria checks 3/6
L3Harris Technologies has a total shareholder equity of $18.8B and total debt of $12.9B, which brings its debt-to-equity ratio to 68.4%. Its total assets and total liabilities are $41.7B and $22.9B respectively. L3Harris Technologies's EBIT is $2.3B making its interest coverage ratio 4.3. It has cash and short-term investments of $560.0M.
Key information
68.4%
Debt to equity ratio
US$12.87b
Debt
Interest coverage ratio | 4.3x |
Cash | US$560.00m |
Equity | US$18.83b |
Total liabilities | US$22.86b |
Total assets | US$41.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LHX *'s short term assets ($8.1B) exceed its short term liabilities ($8.0B).
Long Term Liabilities: LHX *'s short term assets ($8.1B) do not cover its long term liabilities ($14.9B).
Debt to Equity History and Analysis
Debt Level: LHX *'s net debt to equity ratio (65.4%) is considered high.
Reducing Debt: LHX *'s debt to equity ratio has reduced from 111.8% to 68.4% over the past 5 years.
Debt Coverage: LHX *'s debt is not well covered by operating cash flow (16.3%).
Interest Coverage: LHX *'s interest payments on its debt are well covered by EBIT (4.3x coverage).