Honeywell International (XTER:ALD) LT-Debt-to-Total-Asset : 0.34 (As of Mar. 2024)

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What is Honeywell International LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Honeywell International's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.34.

Honeywell International's long-term debt to total assets ratio increased from Mar. 2023 (0.25) to Mar. 2024 (0.34). It may suggest that Honeywell International is progressively becoming more dependent on debt to grow their business.

Honeywell International LT-Debt-to-Total-Asset Historical Data

The historical data trend for Honeywell International's LT-Debt-to-Total-Asset 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.

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Honeywell International LT-Debt-to-Total-Asset Chart

Honeywell International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.20

0.26

0.23

0.26

0.28

Honeywell International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	0.28	0.27	0.28	0.34

Honeywell International LT-Debt-to-Total-Asset Calculation

Honeywell International's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	16009.903	/	56418.425
	=	0.28

Honeywell International's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	20408.36	/	60393.4
	=	0.34

Honeywell International (XTER:ALD) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Honeywell International LT-Debt-to-Total-Asset Related Terms

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Honeywell International (XTER:ALD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Honeywell International Inc (XTER:ALD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

HON:USA HON:Mexico 1HON:Italy ALD:Germany ALD:Germany ALD:Germany HON:Chile HON:Canada HONB34:Brazil HON:Austria HON:Argentina

Address

855 South Mint Street, Charlotte, NC, USA, 28202

Website

https://www.honeywell.com

Honeywell traces its roots to 1885 with Albert Butz's firm, Butz-Thermo Electric Regulator, which produced a predecessor to the modern thermostat. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace, building technologies, performance materials and technologies, and safety and productivity solutions. In recent years, the firm has made several portfolio changes, including the addition of Intelligrated in 2016, as well as the spinoffs of Garrett Technologies and Resideo in 2018. In 2019, the firm launched Honeywell Forge, its enterprise performance management software solution that leverages the firm's domain expertise in buildings, airlines, and critical infrastructure.

Honeywell International (XTER:ALD) Headlines

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