Stock Analysis on Net
Stock Analysis on Net

Illinois Tool Works Inc. (NYSE:ITW)

This company has been moved to the archive! The financial data has not been updated since February 11, 2022.

Debt to Equity
since 2005

Microsoft Excel

Calculation

Illinois Tool Works Inc., debt to equity, long-term trends, calculation

Microsoft Excel
Debt to equity = Total debt1 ÷ Stockholders’ equity attributable to ITW1
Dec 31, 2021 2.12 = 7,687 ÷ 3,625
Dec 31, 2020 2.55 = 8,122 ÷ 3,181
Dec 31, 2019 2.56 = 7,758 ÷ 3,026
Dec 31, 2018 2.27 = 7,380 ÷ 3,254
Dec 31, 2017 1.82 = 8,328 ÷ 4,585
Dec 31, 2016 1.84 = 7,829 ÷ 4,254
Dec 31, 2015 1.42 = 7,422 ÷ 5,224
Dec 31, 2014 1.09 = 7,457 ÷ 6,819
Dec 31, 2013 0.65 = 6,344 ÷ 9,703
Dec 31, 2012 0.48 = 5,048 ÷ 10,561
Dec 31, 2011 0.40 = 3,990 ÷ 10,018
Dec 31, 2010 0.30 = 2,830 ÷ 9,370
Dec 31, 2009 0.36 = 3,129 ÷ 8,808
Dec 31, 2008 0.48 = 3,677 ÷ 7,663
Dec 31, 2007 0.25 = 2,299 ÷ 9,351
Dec 31, 2006 0.16 = 1,418 ÷ 9,018
Dec 31, 2005 0.16 = 1,211 ÷ 7,547

Based on: 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

Illinois Tool Works Inc., debt to equity, long-term trends, comparison to competitors

Microsoft Excel
Illinois Tool Works Inc. Boeing Co. Caterpillar Inc. Eaton Corp. plc GE Aerospace Honeywell International Inc. Lockheed Martin Corp. RTX Corp.
Dec 31, 2021 2.12 — 2.29 0.52 0.87 1.06 1.07 0.43
Dec 31, 2020 2.55 — 2.42 0.54 2.11 1.28 2.02 0.44
Dec 31, 2019 2.56 — 2.58 0.52 3.21 0.87 4.05 1.04
Dec 31, 2018 2.27 40.85 2.60 0.47 3.55 0.89 9.04 1.18
Dec 31, 2017 1.82 31.32 2.55 0.45 2.09 1.04 — 0.93
Dec 31, 2016 1.84 12.18 2.80 0.56 1.80 0.81 9.45 0.87
Dec 31, 2015 1.42 1.57 2.57 0.56 2.02 0.66 4.62 0.75
Dec 31, 2014 1.09 1.05 2.35 0.57 2.85 0.49 1.81 0.63
Dec 31, 2013 0.65 0.65 1.81 0.57 2.93 0.51 1.25 0.64
Dec 31, 2012 0.48 1.77 2.29 0.72 3.37 0.58 157.90 0.90
Dec 31, 2011 0.40 3.52 2.69 0.51 3.89 0.70 6.45 0.47
Dec 31, 2010 0.30 4.49 2.63 0.47 4.02 0.62 1.35 0.48
Dec 31, 2009 0.36 6.07 3.62 0.51 4.35 0.86 1.22 0.49
Dec 31, 2008 0.48 — 5.84 0.68 5.00 1.17 1.24 0.72
Dec 31, 2007 0.25 0.91 3.20 0.66 4.45 0.83 0.44 0.43
Dec 31, 2006 0.16 2.01 3.98 0.63 3.85 0.52 0.64 0.46
Dec 31, 2005 0.16 0.97 3.05 0.65 3.39 0.45 0.61 0.48

Based on: 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)

Illinois Tool Works Inc., debt to equity, long-term trends, comparison to sector (capital goods)

Microsoft Excel
Illinois Tool Works Inc. Capital Goods
Dec 31, 2021 2.12 1.26
Dec 31, 2020 2.55 1.75
Dec 31, 2019 2.56 2.08
Dec 31, 2018 2.27 2.03
Dec 31, 2017 1.82 1.74
Dec 31, 2016 1.84 1.60
Dec 31, 2015 1.42 1.64
Dec 31, 2014 1.09 2.06
Dec 31, 2013 0.65 2.00
Dec 31, 2012 0.48 2.56
Dec 31, 2011 0.40 3.04
Dec 31, 2010 0.30 3.10
Dec 31, 2009 0.36 3.46
Dec 31, 2008 0.48 4.19
Dec 31, 2007 0.25 3.21
Dec 31, 2006 0.16 3.02
Dec 31, 2005 0.16 2.53

Based on: 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)

Illinois Tool Works Inc., debt to equity, long-term trends, comparison to industry (industrials)

Microsoft Excel
Illinois Tool Works Inc. Industrials
Dec 31, 2021 2.12 1.35
Dec 31, 2020 2.55 1.80
Dec 31, 2019 2.56 1.81
Dec 31, 2018 2.27 1.83
Dec 31, 2017 1.82 1.65
Dec 31, 2016 1.84 1.53
Dec 31, 2015 1.42 1.51
Dec 31, 2014 1.09 1.88
Dec 31, 2013 0.65 1.78
Dec 31, 2012 0.48 2.27
Dec 31, 2011 0.40 2.58
Dec 31, 2010 0.30 2.66
Dec 31, 2009 0.36 2.97
Dec 31, 2008 0.48 3.50
Dec 31, 2007 0.25 2.71
Dec 31, 2006 0.16 2.47
Dec 31, 2005 0.16 2.39

Based on: 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).