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
Is L3Harris Technologies (NYSE:LHX) Using Too Much Debt?
Apr 20
Is L3Harris Technologies (NYSE:LHX) A Risky Investment?
Jan 10Does L3Harris Technologies (NYSE:LHX) Have A Healthy Balance Sheet?
Aug 24L3Harris Technologies (NYSE:LHX) Has A Pretty Healthy Balance Sheet
May 25Is L3Harris Technologies (NYSE:LHX) A Risky Investment?
Feb 23Recent updates
L3Harris 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 27L3Harris Technologies: A Compelling Defense Giant On Sale
Jun 30An Intrinsic Calculation For L3Harris Technologies, Inc. (NYSE:LHX) Suggests It's 37% Undervalued
Jun 13L3Harris: The Missing Narrative Tailwind
Jun 09L3Harris Technologies (NYSE:LHX) Has A Pretty Healthy Balance Sheet
May 25Are Investors Undervaluing L3Harris Technologies, Inc. (NYSE:LHX) By 48%?
Mar 13L3Harris Technologies raises dividend by 1.8% to $1.14/share
Feb 24Is L3Harris Technologies (NYSE:LHX) A Risky Investment?
Feb 23L3Harris: Revenue Beat With Defense Spending Tailwinds
Feb 01L3Harris Technologies Q4 2022 Earnings Preview
Jan 25L3Harris: You Need To Think Of The Dividend 5 Quarters Out
Jan 16Oh Boy, L3Harris Is Becoming An Impressive Defense Stock!
Dec 19Financial Position Analysis
Short Term Liabilities: LHX's short term assets ($8.3B) do not cover its short term liabilities ($8.4B).
Long Term Liabilities: LHX's short term assets ($8.3B) do not cover its long term liabilities ($14.6B).
Debt to Equity History and Analysis
Debt Level: LHX's net debt to equity ratio (69%) is considered high.
Reducing Debt: LHX's debt to equity ratio has reduced from 97.9% to 71.6% over the past 5 years.
Debt Coverage: LHX's debt is not well covered by operating cash flow (12.3%).
Interest Coverage: LHX's interest payments on its debt are well covered by EBIT (3.9x coverage).