A Look Into L3Harris Technologies' Debt
Portfolio Pulse from Benzinga Insights
L3Harris Technologies Inc. (NYSE:LHX) has a total debt of $9.03 billion, with $8.22 billion in long-term debt and $813.00 million in current debt. After adjusting for $545.00 million in cash-equivalents, the company's net debt stands at $8.49 billion. The company's debt-ratio is 0.25, indicating a moderate level of financial leverage. Debt is an important factor in a company's capital structure and can help it attain growth.
July 18, 2023 | 1:00 pm
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L3Harris Technologies has a moderate level of debt, which could impact its financial stability and growth prospects.
The company's debt level is moderate, which could impact its ability to finance its operations and growth. However, the debt-ratio of 0.25 indicates that the company has a moderate level of financial leverage, which could be manageable depending on the company's cash flow and profitability.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100