Huntington Ingalls Industries (BSP:H1II34) LT-Debt-to-Total-Asset : 0.22 (As of Dec. 2023)

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What is Huntington Ingalls Industries LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Huntington Ingalls Industries's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.22.

Huntington Ingalls Industries's long-term debt to total assets ratio declined from Dec. 2022 (0.25) to Dec. 2023 (0.22). It may suggest that Huntington Ingalls Industries is progressively becoming less dependent on debt to grow their business.

Huntington Ingalls Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Huntington Ingalls Industries's LT-Debt-to-Total-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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Huntington Ingalls Industries LT-Debt-to-Total-Asset Chart

Huntington Ingalls Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.21

0.23

0.33

0.25

0.22

Huntington Ingalls Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	0.25	0.24	0.23	0.22

Huntington Ingalls Industries LT-Debt-to-Total-Asset Calculation

Huntington Ingalls Industries's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	11965.312	/	54951.257
	=	0.22

Huntington Ingalls Industries's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	11965.312	/	54951.257
	=	0.22

Huntington Ingalls Industries (BSP:H1II34) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Huntington Ingalls Industries LT-Debt-to-Total-Asset Related Terms

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Huntington Ingalls Industries (BSP:H1II34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Huntington Ingalls Industries Inc (BSP:H1II34) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

HII:USA HI4:Germany

Address

4101 Washington Avenue, Newport News, VA, USA, 23607

Website

https://www.huntingtoningalls.com

Huntington Ingalls Industries is the largest independent military shipbuilder in the U.S., spun off of Northrop Grumman in 2011. It operates three segments, two of which are historied shipyards: Ingalls produces non-nuclear-powered ships including amphibious landing ships and Arleigh Burke-class destroyers while Newport News produces nuclear-powered ships as the only producer of Gerald Ford-class aircraft carriers and a major subcontractor on Virginia and Columbia-class nuclear submarines. Huntington Ingalls shares production of destroyers and nuclear submarines with General Dynamics' Bath Iron Works and Electric Boat shipyards, respectively. The company's Mission Technologies segment produces uncrewed sea vessels and provides a range of IT and other services to U.S. government agencies.

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