Leonardo DRS (XTAE:DRS) Debt-to-Equity : 0.21 (As of Mar. 2024)

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What is Leonardo DRS Debt-to-Equity?

Leonardo DRS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₪203 Mil. Leonardo DRS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₪1,617 Mil. Leonardo DRS's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₪8,854 Mil. Leonardo DRS's debt to equity for the quarter that ended in Mar. 2024 was 0.21.

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

XTAE:DRS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.33 Max: 0.81
Current: 0.21

During the past 6 years, the highest Debt-to-Equity Ratio of Leonardo DRS was 0.81. The lowest was 0.21. And the median was 0.33.

XTAE:DRS's Debt-to-Equity is ranked better than
70.38% of 260 companies
in the Aerospace & Defense industry
Industry Median: 0.425 vs XTAE:DRS: 0.21

Leonardo DRS Debt-to-Equity Historical Data

The historical data trend for Leonardo DRS'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.

Leonardo DRS Debt-to-Equity Chart

Leonardo DRS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.81

0.37

0.31

0.23

0.21

Leonardo DRS Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial														0.33	0.27	0.24	0.21	0.21

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

For the Aerospace & Defense subindustry, Leonardo DRS'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.

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

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

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

Leonardo DRS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Leonardo DRS'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
	=	(300.768	+	1567.754)	/	8741.077
	=	0.21

Leonardo DRS's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(203.019	+	1616.629)	/	8853.865
	=	0.21

Leonardo DRS (XTAE:DRS) 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.

Leonardo DRS Debt-to-Equity Related Terms

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Leonardo DRS (XTAE:DRS) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

DRS:USA 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 diverse array of defense systems and solutions is offered to all branches of the U.S. military, aerospace and defense prime contractors, government intelligence agencies and international military customers for deployment on a wide range of military platforms.