Raytheon Co (Raytheon Co) Cash-to-Debt : 0.79 (As of Dec. 2019)

View and export this data going back to 1952. Start your Free Trial

What is Raytheon Co Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Raytheon Co's cash to debt ratio for the quarter that ended in Dec. 2019 was 0.79.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Raytheon Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2019.

The historical rank and industry rank for Raytheon Co's Cash-to-Debt or its related term are showing as below:

RTN's Cash-to-Debt is not ranked ^*
in the Aerospace & Defense industry.
Industry Median: 0.69
* Ranked among companies with meaningful Cash-to-Debt only.

Raytheon Co Cash-to-Debt Historical Data

The historical data trend for Raytheon Co's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Raytheon Co Cash-to-Debt Chart

Raytheon Co Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Cash-to-Debt

Get a 7-Day Free Trial

0.60

0.64

0.67

0.63

0.79

Raytheon Co Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Cash-to-Debt	Get a 7-Day Free Trial															0.63	0.37	0.38	0.49	0.79

Competitive Comparison of Raytheon Co's Cash-to-Debt

For the Aerospace & Defense subindustry, Raytheon Co's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Raytheon Co's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Raytheon Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Raytheon Co's Cash-to-Debt falls into.

Raytheon Co Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Raytheon Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2019 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	4292	/	(1499	+	3967)
	=	0.79

Raytheon Co's Cash to Debt Ratio for the quarter that ended in Dec. 2019 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	4292	/	(1499	+	3967)
	=	0.79

Raytheon Co (NYSE:RTN) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Raytheon Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Raytheon Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Raytheon Co (Raytheon Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Raytheon Co (NYSE:RTN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

870 Winter Street, Waltham, MA, USA, 02451

Website

https://www.raytheon.com

Raytheon is a U.S. defense contractor that posted just over $27 billion in sales during 2018. It operates through five segments: integrated defense systems, intelligence and information, missile systems, space and airborne systems, and a cybersecurity business branded Forcepoint. Sales to the U.S. government account for about 70% of consolidated revenue. Based in Waltham, Massachusetts, Raytheon employs more than 60,000 people.

Executives

William Spivey	director
Letitia A Long	director	C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
David C Wajsgras	officer: Vice President	870 WINTER STREET, WALTHAM MA 02451
Marta R Stewart	director	C/O NORFOLK SOUTHERN CORP, THREE COMMERCIAL PL, NORFOLK VA 23510-9219
Frank R Jimenez	officer: VP, General Counsel, Secretary	GE HEALTHCARE TECHNOLOGIES INC., 500 W. MONROE ST., CHICAGO IL 606061
Michael J Wood	officer: VP, Controller & CAO	870 WINTER STREET, WALTHAM MA 02451
Ellen M Pawlikowski	director	870 WINTER STREET, WALTHAM MA 02451
Robert O Work	director	870 WINTER STREET, WALTHAM MA 02451
Tracy A Atkinson	director	MFS INVESTMENT MANAGEMENT, 500 BOYLSTON ST., BOSTON MA 02116
Roy Azevedo	officer: Vice President	870 WINTER STREET, WALTHAM MA 02451
Wesley D Kremer	officer: Vice President	870 WINTER STREET, WALTHAM MA 02451
Thomas A Kennedy	director, officer: Chairman and CEO	870 WINTER STREET, WALTHAM MA 02451
George Oliver	director	5757 N. GREEN BAY AVENUE, MILWAUKEE WI 53209
Winnefeld James A Jr	director	870 WINTER STREET, WALTHAM MA 02451
Robert E Beauchamp	director	2101 CITYWEST BLVD, HOUSTON TX 77042-2827