Lockheed Martin (Lockheed Martin) Debt-to-Equity

: 2.55 (As of Dec. 2023)

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Lockheed Martin's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $168 Mil. Lockheed Martin's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $17,291 Mil. Lockheed Martin's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $6,835 Mil. Lockheed Martin's debt to equity for the quarter that ended in Dec. 2023 was 2.55.

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 Lockheed Martin's Debt-to-Equity or its related term are showing as below:

LMT' s Debt-to-Equity Range Over the Past 10 Years
Min: -16.78 Med: 2.29 Max: 10.12
Current: 2.55

During the past 13 years, the highest Debt-to-Equity Ratio of Lockheed Martin was 10.12. The lowest was -16.78. And the median was 2.29.

LMT's Debt-to-Equity is ranked worse than
92.55% of 255 companies
in the Aerospace & Defense industry
Industry Median: 0.44 vs LMT: 2.55

Lockheed Martin Debt-to-Equity Historical Data

The historical data trend for Lockheed Martin'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.

Lockheed Martin Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

4.05

2.02

1.07

1.68

2.55

Lockheed Martin 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																1.68	1.62	1.90	1.88	2.55

Competitive Comparison

For the Aerospace & Defense subindustry, Lockheed Martin'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.

Lockheed Martin Debt-to-Equity Distribution

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

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

Lockheed Martin Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lockheed Martin'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
	=	(168	+	17291)	/	6835
	=	2.55

Lockheed Martin'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
	=	(168	+	17291)	/	6835
	=	2.55

Lockheed Martin (NYSE:LMT) 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.

Lockheed Martin Debt-to-Equity Related Terms

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Lockheed Martin (Lockheed Martin) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Lockheed Martin Corp (NYSE:LMT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LMT:Mexico 1LMT:Italy LOM:Germany LOM:Germany LOM:Germany LMTB34:Brazil LMT:Austria LMT:Argentina

Address

6801 Rockledge Drive, Bethesda, MD, USA, 20817

Website

https://www.lockheedmartin.com

Lockheed Martin is the world's largest defense contractor and has dominated the Western market for high-end fighter aircraft since it won the F-35 Joint Strike Fighter program in 2001. Lockheed's largest segment is aeronautics, which derives upward of two-thirds of its revenue from the F-35. Lockheed's remaining segments are rotary and mission systems, which is mainly the Sikorsky helicopter business; missiles and fire control, which creates missiles and missile defense systems; and space systems, which produces satellites and receives equity income from the United Launch Alliance joint venture.

Executives

John Donovan	director	208 S. AKARD ST. , ROOM 3025, DALLAS TX 75202
Stephanie C. Hill	officer: Executive Vice President	55 WATER STREET, NEW YORK NY 10041
Timothy S Cahill	officer: Executive Vice President	6802 ROCKLEDGE DRIVE, BETHESDA MD 20817
St John Frank A	officer: Executive Vice President	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Gregory M Ulmer	officer: Acting Executive Vice Pres.	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Vincent R. Stewart	director	C/O AMERICAN PUBLIC EDUCATION, INC., 111 WEST CONGRESS STREET, CHARLES TOWN WV 25414
Paul Harry Edward Iii	officer: Vice President & Controller	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Evan T Scott	officer: Vice President & Treasurer	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
John W Mollard	officer: Vice President & Treasurer	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Brian P Colan	officer: VP & Controller	6801 ROCKLEDGE DR, BETHESDA MD 20817
Maryanne Lavan	officer: SVP & General Counsel	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Jesus Jr Malave	officer: Chief Financial Officer	L3HARRIS TECHNOLOGIES INC, 1025 WEST NASA BOULEVARD, MELBOURNE FL 32919
Lightfoot Robert M Jr	officer: Executive Vice President	6801 ROCKLEDGE DR, BETHESDA MD 20817
Patricia E Yarrington	director	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Kenneth R Possenriede	officer: Vice President & Treasurer	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817