DRS (Leonardo DRS) Debt-to-Asset : 0.12 (As of Sep. 2024)

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What is Leonardo DRS Debt-to-Asset?

Leonardo DRS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $49 Mil. Leonardo DRS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $411 Mil. Leonardo DRS's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $3,861 Mil. Leonardo DRS's debt to asset for the quarter that ended in Sep. 2024 was 0.12.

Leonardo DRS Debt-to-Asset Historical Data

The historical data trend for Leonardo DRS's Debt-to-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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Leonardo DRS Debt-to-Asset Chart

Leonardo DRS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.28

0.18

0.16

0.13

Leonardo DRS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.15	0.13	0.13	0.12	0.12

Competitive Comparison of Leonardo DRS's Debt-to-Asset

For the Aerospace & Defense subindustry, Leonardo DRS's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Leonardo DRS's Debt-to-Asset Distribution in the Aerospace & Defense Industry

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

* The bar in red indicates where Leonardo DRS's Debt-to-Asset falls into.

Leonardo DRS Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Leonardo DRS's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(80	+	417)	/	3921
	=	0.13

Leonardo DRS's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(49	+	411)	/	3861
	=	0.12

Leonardo DRS (NAS:DRS) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Leonardo DRS Debt-to-Asset Related Terms

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Leonardo DRS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Leonardo DRS Inc (NAS:DRS) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

2VZ:Germany

Address

2345 Crystal Drive, Suite 1000, Arlington, VA, USA, 22202

Website

https://www.leonardodrs.com

Leonardo DRS Inc is a provider of defense products and technologies that are used across land, air, sea, space and cyber domains. The company is in the design, development and manufacture of Advanced sensing, network computing, force protection and electric power and propulsion technologies and solutions. The company has two segments: Advanced Sensing and Computing, which generates the majority of revenue and Integrated Mission Systems segment. The Advanced Sensing and Computing segment is engaged in designs, develops and manufactures sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution by the customers.

Executives

William Iii Lynn	director, officer: Chief Executive Officer	C/O LEONARDO DRS, INC., 2345 CRYSTAL DRIVE, SUITE 1000, ARLINGTON VA 22202
Pamela Morrow	officer: SVP and Controller	C/O LEONARDO DRS, INC., 2345 CRYSTAL DRIVE, SUITE 2000, ARLINGTON VA 22202
Michael Dippold	officer: EVP and CFO	C/O LEONARDO DRS, INC., 2345 CRYSTAL DRIVE, SUITE 1000, ARLINGTON VA 22202
Sally Wallace	officer: EVP, Business Operations	C/O LEONARDO DRS, INC., 2345 CRYSTAL DRIVE, SUITE 1000, ARLINGTON VA 22202
Mark Dorfman	officer: EVP, GC and Secretary	C/O LEONARDO DRS, INC., 2345 CRYSTAL DRIVE, SUITE 1000, ARLINGTON VA 22202
Leonardo S.p.a	10 percent owner	PIAZZA MONTE GRAPPA 4, ROME L6 00195
Brothers Louis R Jr	director	REDWIRE CORPORATION, 8226 PHILIPS HIGHWAY, SUITE 101, JACKSONVILLE FL 32256
Gail Baker	director	C/O LEONARDO DRS, INC., 2345 CRYSTAL DRIVE SUITE 1000, ARLINGTON VA 22202
Leonardo Us Holding, Inc.	10 percent owner	1235 SOUTH CLARK STREET, SUITE 700, ARLINGTON VA 22202
George Casey	director	C/O LEONARDO DRS, INC., 2345 CRYSTAL DRIVE, SUITE 1000, ARLINGTON VA 22202
Frances F Townsend	director	C/O BAKER BOTTS LLP, THE WARNER, 1299 PENNSYLVANIA AVE., NW, WASHINGTON DC 20004-2400
David W Carey	director	10815 RANCHO BERNARDO RD.,, SUITE 310, SAN DIEGO CA 92127
Peter Marino	director	12701 FAIR LAKES CIRCLE, FAIRFAX VA 22033
Mary E Gallagher	director
Kenneth J Krieg	director	7111 XAVIER COURT, MCLEAN VA 22101