Stock Analysis on Net
Stock Analysis on Net

Lockheed Martin Corp. (NYSE:LMT)

Debt to Equity
since 2005

Microsoft Excel

Calculation

Lockheed Martin Corp., debt to equity, long-term trends, calculation

Microsoft Excel
Debt to equity = Long-term debt, net1 ÷ Stockholders’ equity (deficit)1
Dec 31, 2023 2.55 = 17,459 ÷ 6,835
Dec 31, 2022 1.68 = 15,547 ÷ 9,266
Dec 31, 2021 1.07 = 11,676 ÷ 10,959
Dec 31, 2020 2.02 = 12,169 ÷ 6,015
Dec 31, 2019 4.05 = 12,654 ÷ 3,127
Dec 31, 2018 9.04 = 12,604 ÷ 1,394
Dec 31, 2017 — = 13,513 ÷ (683)
Dec 31, 2016 9.45 = 14,282 ÷ 1,511
Dec 31, 2015 4.62 = 14,305 ÷ 3,097
Dec 31, 2014 1.81 = 6,169 ÷ 3,400
Dec 31, 2013 1.25 = 6,152 ÷ 4,918
Dec 31, 2012 157.90 = 6,158 ÷ 39
Dec 31, 2011 6.45 = 6,460 ÷ 1,001
Dec 31, 2010 1.35 = 5,019 ÷ 3,708
Dec 31, 2009 1.22 = 5,052 ÷ 4,129
Dec 31, 2008 1.24 = 3,563 ÷ 2,865
Dec 31, 2007 0.44 = 4,303 ÷ 9,805
Dec 31, 2006 0.64 = 4,405 ÷ 6,884
Dec 31, 2005 0.61 = 4,784 ÷ 7,867

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

Lockheed Martin Corp., debt to equity, long-term trends, comparison to competitors

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

Lockheed Martin Corp., debt to equity, long-term trends, comparison to sector (capital goods)

Microsoft Excel
Lockheed Martin Corp. Capital Goods
Dec 31, 2023 2.55 1.54
Dec 31, 2022 1.68 1.33
Dec 31, 2021 1.07 1.26
Dec 31, 2020 2.02 1.75
Dec 31, 2019 4.05 2.08
Dec 31, 2018 9.04 2.03
Dec 31, 2017 — 1.74
Dec 31, 2016 9.45 1.60
Dec 31, 2015 4.62 1.64
Dec 31, 2014 1.81 2.06
Dec 31, 2013 1.25 2.00
Dec 31, 2012 157.90 2.56
Dec 31, 2011 6.45 3.04
Dec 31, 2010 1.35 3.10
Dec 31, 2009 1.22 3.46
Dec 31, 2008 1.24 4.19
Dec 31, 2007 0.44 3.21
Dec 31, 2006 0.64 3.02
Dec 31, 2005 0.61 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)

Lockheed Martin Corp., debt to equity, long-term trends, comparison to industry (industrials)

Microsoft Excel
Lockheed Martin Corp. Industrials
Dec 31, 2023 2.55 1.43
Dec 31, 2022 1.68 1.32
Dec 31, 2021 1.07 1.25
Dec 31, 2020 2.02 1.73
Dec 31, 2019 4.05 1.86
Dec 31, 2018 9.04 1.87
Dec 31, 2017 — 1.65
Dec 31, 2016 9.45 1.55
Dec 31, 2015 4.62 1.52
Dec 31, 2014 1.81 1.86
Dec 31, 2013 1.25 1.77
Dec 31, 2012 157.90 2.24
Dec 31, 2011 6.45 2.56
Dec 31, 2010 1.35 2.63
Dec 31, 2009 1.22 2.92
Dec 31, 2008 1.24 3.45
Dec 31, 2007 0.44 2.72
Dec 31, 2006 0.64 2.46
Dec 31, 2005 0.61 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).