Stock Analysis on Net

Lockheed Martin Corp. (NYSE:LMT)

Analysis of Debt 

Microsoft Excel

Total Debt (Carrying Amount)

Lockheed Martin Corp., balance sheet: debt

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Current maturities of long-term debt 643 168 118 6 500
Long-term debt, net, excluding current portion 19,627 17,291 15,429 11,670 11,669
Total outstanding debt (carrying amount) 20,270 17,459 15,547 11,676 12,169

Based on: 10-K (reporting date: 2024-12-31), 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).

Debt item Description The company
Total outstanding debt (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. Lockheed Martin Corp. total debt increased from 2022 to 2023 and from 2023 to 2024.

Total Debt (Fair Value)

Microsoft Excel
Dec 31, 2024
Selected Financial Data (US$ in millions)
Total outstanding debt (fair value) 20,200
Financial Ratio
Debt, fair value to carrying amount ratio 1.00

Based on: 10-K (reporting date: 2024-12-31).


Weighted-average Interest Rate on Debt

Weighted-average interest rate on debt: 4.78%

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
4.95% 500 25
3.55% 1,000 36
5.10% 750 38
4.45% 500 22
4.50% 650 29
1.85% 400 7
4.70% 600 28
3.90% 800 31
5.25% 1,000 53
4.75% 850 40
4.80% 600 29
3.60% 500 18
6.15% 1,054 65
4.07% 1,336 54
3.80% 1,000 38
4.70% 1,326 62
2.80% 750 21
4.09% 1,578 65
4.15% 850 35
5.70% 1,000 57
5.20% 1,050 55
4.30% 650 28
5.90% 750 44
5.20% 750 39
8.50% 1,313 112
Total 21,557 1,031
4.78%

Based on: 10-K (reporting date: 2024-12-31).

1 US$ in millions

2 Weighted-average interest rate = 100 × 1,031 ÷ 21,557 = 4.78%