Stock Analysis on Net
Stock Analysis on Net

Boeing Co. (NYSE:BA)

Debt to Equity 
since 2005

Microsoft Excel

Calculation

Boeing Co., debt to equity, long-term trends, calculation

Microsoft Excel
Debt to equity = Total debt1 ÷ Shareholders’ equity (deficit)1
Dec 31, 2023 — = 52,307 ÷ (17,233)
Dec 31, 2022 — = 57,001 ÷ (15,883)
Dec 31, 2021 — = 58,102 ÷ (14,999)
Dec 31, 2020 — = 63,583 ÷ (18,316)
Dec 31, 2019 — = 27,302 ÷ (8,617)
Dec 31, 2018 40.85 = 13,847 ÷ 339
Dec 31, 2017 31.32 = 11,117 ÷ 355
Dec 31, 2016 12.18 = 9,952 ÷ 817
Dec 31, 2015 1.57 = 9,964 ÷ 6,335
Dec 31, 2014 1.05 = 9,070 ÷ 8,665
Dec 31, 2013 0.65 = 9,635 ÷ 14,875
Dec 31, 2012 1.77 = 10,409 ÷ 5,867
Dec 31, 2011 3.52 = 12,371 ÷ 3,515
Dec 31, 2010 4.49 = 12,421 ÷ 2,766
Dec 31, 2009 6.07 = 12,924 ÷ 2,128
Dec 31, 2008 — = 7,512 ÷ (1,294)
Dec 31, 2007 0.91 = 8,217 ÷ 9,004
Dec 31, 2006 2.01 = 9,538 ÷ 4,739
Dec 31, 2005 0.97 = 10,727 ÷ 11,059

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions

Comparison to Competitors

Boeing Co., debt to equity, long-term trends, comparison to competitors

Microsoft Excel
Boeing Co. Caterpillar Inc. Eaton Corp. plc GE Aerospace Honeywell International Inc. Lockheed Martin Corp. RTX Corp.
Dec 31, 2023 — 1.94 0.49 0.77 1.29 2.55 0.73
Dec 31, 2022 — 2.33 0.51 0.89 1.17 1.68 0.44
Dec 31, 2021 — 2.29 0.52 0.87 1.06 1.07 0.43
Dec 31, 2020 — 2.42 0.54 2.11 1.28 2.02 0.44
Dec 31, 2019 — 2.58 0.52 3.21 0.87 4.05 1.04
Dec 31, 2018 40.85 2.60 0.47 3.55 0.89 9.04 1.18
Dec 31, 2017 31.32 2.55 0.45 2.09 1.04 — 0.93
Dec 31, 2016 12.18 2.80 0.56 1.80 0.81 9.45 0.87
Dec 31, 2015 1.57 2.57 0.56 2.02 0.66 4.62 0.75
Dec 31, 2014 1.05 2.35 0.57 2.85 0.49 1.81 0.63
Dec 31, 2013 0.65 1.81 0.57 2.93 0.51 1.25 0.64
Dec 31, 2012 1.77 2.29 0.72 3.37 0.58 157.90 0.90
Dec 31, 2011 3.52 2.69 0.51 3.89 0.70 6.45 0.47
Dec 31, 2010 4.49 2.63 0.47 4.02 0.62 1.35 0.48
Dec 31, 2009 6.07 3.62 0.51 4.35 0.86 1.22 0.49
Dec 31, 2008 — 5.84 0.68 5.00 1.17 1.24 0.72
Dec 31, 2007 0.91 3.20 0.66 4.45 0.83 0.44 0.43
Dec 31, 2006 2.01 3.98 0.63 3.85 0.52 0.64 0.46
Dec 31, 2005 0.97 3.05 0.65 3.39 0.45 0.61 0.48

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Capital Goods)

Boeing Co., debt to equity, long-term trends, comparison to sector (capital goods)

Microsoft Excel
Boeing Co. Capital Goods
Dec 31, 2023 — 1.54
Dec 31, 2022 — 1.33
Dec 31, 2021 — 1.26
Dec 31, 2020 — 1.75
Dec 31, 2019 — 2.08
Dec 31, 2018 40.85 2.03
Dec 31, 2017 31.32 1.74
Dec 31, 2016 12.18 1.60
Dec 31, 2015 1.57 1.64
Dec 31, 2014 1.05 2.06
Dec 31, 2013 0.65 2.00
Dec 31, 2012 1.77 2.56
Dec 31, 2011 3.52 3.04
Dec 31, 2010 4.49 3.10
Dec 31, 2009 6.07 3.46
Dec 31, 2008 — 4.19
Dec 31, 2007 0.91 3.21
Dec 31, 2006 2.01 3.02
Dec 31, 2005 0.97 2.53

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Industrials)

Boeing Co., debt to equity, long-term trends, comparison to industry (industrials)

Microsoft Excel
Boeing Co. Industrials
Dec 31, 2023 — 1.43
Dec 31, 2022 — 1.32
Dec 31, 2021 — 1.25
Dec 31, 2020 — 1.73
Dec 31, 2019 — 1.86
Dec 31, 2018 40.85 1.87
Dec 31, 2017 31.32 1.65
Dec 31, 2016 12.18 1.55
Dec 31, 2015 1.57 1.52
Dec 31, 2014 1.05 1.86
Dec 31, 2013 0.65 1.77
Dec 31, 2012 1.77 2.24
Dec 31, 2011 3.52 2.56
Dec 31, 2010 4.49 2.63
Dec 31, 2009 6.07 2.92
Dec 31, 2008 — 3.45
Dec 31, 2007 0.91 2.72
Dec 31, 2006 2.01 2.46
Dec 31, 2005 0.97 2.11

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).