Boeing Co (Boeing Co) Debt-to-Equity

: -3.05 (As of Dec. 2023)

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Boeing Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5,500 Mil. Boeing Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $47,103 Mil. Boeing Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-17,233 Mil. Boeing Co's debt to equity for the quarter that ended in Dec. 2023 was -3.05.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

BA' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.89 Med: -1 Max: 40.85
Current: -3.05

During the past 13 years, the highest Debt-to-Equity Ratio of Boeing Co was 40.85. The lowest was -3.89. And the median was -1.00.

BA's Debt-to-Equity is not ranked
in the Aerospace & Defense industry.
Industry Median: 0.44 vs BA: -3.05

Boeing Co Debt-to-Equity Historical Data

The historical data trend for Boeing Co's Debt-to-Equity 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.

* Premium members only.

Boeing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-3.20

-3.49

-3.89

-3.61

-3.05

Boeing Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																-3.61	-3.57	-3.37	-3.13	-3.05

Competitive Comparison

For the Aerospace & Defense subindustry, Boeing Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Boeing Co Debt-to-Equity Distribution

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

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

Boeing Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Boeing Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5500	+	47103)	/	-17233
	=	-3.05

Boeing Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5500	+	47103)	/	-17233
	=	-3.05

Boeing Co (NYSE:BA) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Boeing Co Debt-to-Equity Related Terms

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Boeing Co (Boeing Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Boeing Co (NYSE:BA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BA:Peru BA:Mexico BA_KZ:Kazakhstan 1BA:Italy BCOd:UK 0BOE:UK BCO0:Germany BCO:Germany BCO:Germany BCO:Germany BCO:Germany BA:Chile BA:Canada BOEI34:Brazil BA:Austria BA:Argentina

Address

929 Long Bridge Drive, Arlington, VA, USA, 22202

Website

https://www.boeing.com

Boeing is a major aerospace and defense firm. It operates in four segments: commercial airplanes; defense, space, and security; Global services; and Boeing capital. Boeing's commercial airplanes segment competes with Airbus in the production of aircraft ranging from 130 seats upward. Boeing's defense, space, and security segment competes with Lockheed, Northrop, and several other firms to create military aircraft and weaponry. Global services provides aftermarket support to airlines.

Executives

Theodore Iii Colbert	officer: CIO & SVP, Info & Analytics	C/O THE BOEING COMPANY, 100 RIVERSIDE PLAZA, CHICAGO IL 60606-1596
Steven M Mollenkopf	director	5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Howard E Mckenzie	officer: Chief Engineer & EVP, ET&T	C/O THE BOEING COMPANY, 929 LONG BRIDGE DRIVE, ARLINGTON VA 22202
Sabrina Soussan	director	BUHLMATTSTRASSE 3, MEGGEN V8 6045
Stephen E Biegun	officer: SVP, Global Public Policy	C/O THE BOEING COMPANY, 929 LONG BRIDGE DRIVE, ARLINGTON VA 22202
Michael J Cleary	officer: Controller	C/O THE BOEING COMPANY, 929 LONG BRIDGE DRIVE, ARLINGTON VA 22202
Brendan J. Nelson	officer: President, Boeing Intn'l	C/O THE BOEING COMPANY, 929 LONG BRIDGE DRIVE, ARLINGTON VA 22202
David L Calhoun	director
Brian R Besanceney	officer: SVP, Chief Comm Officer	C/O THE BOEING COMPANY, 100 N. RIVERSIDE, MC 5003-1001, CHICAGO IL 60606-1596
David L. Gitlin	director	UNITED TECHNOLOGIES CORPORATION, 10 FARM SPRINGS ROAD, FARMINGTON CT 06032
Stephanie F Pope	officer: President & CEO, BGS	C/O THE BOEING COMPANY, 100 RIVERSIDE PLAZA, MC 5003-1001, CHICAGO IL 60606-1596
Lawrence W Kellner	director	1600 SMITH ST., HQSEO, HOUSTON TX 77002
Edward Lee Dandridge	officer: SVP, Communications	C/O THE BOEING COMPANY, 100 RIVERSIDE PLAZA, MC 5003-1001, CHICAGO IL 60606-1596
Ziad S Ojakli	officer: EVP, Gov't Ops	FORD MOTOR COMPANY, 1350 I ST. NW, WASHINGTON D.C. DC 20005
David Leon Joyce	director	GENERAL ELECTRIC COMPANY, 5 NECCO STREET, BOSTON MA 02210