Textron (Textron) Debt-to-Equity

: 0.55 (As of Dec. 2023)

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Textron's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $357 Mil. Textron's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,517 Mil. Textron's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $6,987 Mil. Textron's debt to equity for the quarter that ended in Dec. 2023 was 0.55.

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

TXT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.5 Med: 0.69 Max: 0.91
Current: 0.55

During the past 13 years, the highest Debt-to-Equity Ratio of Textron was 0.91. The lowest was 0.50. And the median was 0.69.

TXT's Debt-to-Equity is ranked worse than
58.04% of 255 companies
in the Aerospace & Defense industry
Industry Median: 0.44 vs TXT: 0.55

Textron Debt-to-Equity Historical Data

The historical data trend for Textron'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.

Textron Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.69

0.75

0.55

0.50

0.55

Textron 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	Get a 7-Day Free Trial															0.50	0.51	0.50	0.50	0.55

Competitive Comparison

For the Aerospace & Defense subindustry, Textron'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.

Textron Debt-to-Equity Distribution

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

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

Textron Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Textron'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
	=	(357	+	3517)	/	6987
	=	0.55

Textron'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
	=	(357	+	3517)	/	6987
	=	0.55

Textron (NYSE:TXT) 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.

Textron Debt-to-Equity Related Terms

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

Textron (Textron) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Textron Inc (NYSE:TXT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TXT:Germany TXT:Germany

Address

40 Westminster Street, Providence, RI, USA, 02903

Website

https://www.textron.com

Textron is a conglomerate that mostly designs, manufactures, and services a range of specialty aircraft including small jets, propeller-driven airplanes, helicopters, and tilt-rotor aircraft. The firm's aviation segment manufactures and services Cessna and Beechcraft planes. Bell is a helicopter and tilt-rotor manufacturer and servicer for both commercial and military customers. Textron Systems produces uncrewed aircraft and armored vehicles for the military market as well as aircraft simulators and training for the commercial and military markets. Textron Industrial contains the Kautex business that manufactures plastic fuel tanks for conventional and hybrid motor vehicles and other subsidiaries that produce specialized vehicles such as golf carts, snowmobiles, and all-terrain vehicles.

Executives

R Kerry Clark	director	C/O THE PROCTER & GAMBLE COMPANY, ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Michael X Garrett	director	6521 CHIPSTEAD LANE, CHARLOTTE NC 28277
Frank T Connor	officer: Executive VP and CFO	40 WESTMINSTER STREET, PROVIDENCE RI 02903
Scott C Donnelly	officer: Executive VP and COO
Thomas A Kennedy	director	870 WINTER STREET, WALTHAM MA 02451
Richard F Ambrose	director	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Mark S Bamford	officer: VP and Corporate Controller	40 WESTMINSTER STREET, PROVIDENCE RI 02903
E Robert Lupone	officer: EVP, General Counsel and Secy	40 WESTMINSTER STREET, PROVIDENCE RI 02903
Kathleen M Bader	director	2030 DOW CENTER, MIDLAND MI 49640
Nowell Lionel L Iii	director	401 NORTH MAIN STREET, WINSTON-SALEM NC 27101
Julie G Duffy	officer: Executive VP - Human Resources	40 WESTMINSTER STREET, PROVIDENCE RI 02903
Deborah L James	director	1710 SAIC DRIVE, MCLEAN VA 22102
Ralph D Heath	director	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Maria T Zuber	director	40 WESTMINSTER STREET, PROVIDENCE RI 02903
Cheryl H Johnson	officer: Executive VP, Human Resources	40 WESTMINSTER STREET, PROVIDENCE RI 02903