Stock Analysis on Net
Stock Analysis on Net

RTX Corp. (NYSE:RTX)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

RTX Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Short-term borrowings 0.12 0.39 0.08 0.15 1.69
Accounts payable 6.61 6.23 5.42 5.33 7.74
Accrued employee compensation 1.54 1.51 1.65 1.85 1.72
Other accrued liabilities 9.22 6.92 6.30 6.49 6.68
Contract liabilities 10.62 9.19 8.50 7.95 4.42
Long-term debt currently due 0.79 0.37 0.01 0.34 2.50
Current liabilities 28.89% 24.62% 21.96% 22.11% 24.75%
Long-term debt, excluding currently due 26.17 19.32 19.41 19.13 27.05
Operating lease liabilities, non-current 0.87 1.00 1.03 0.93 1.53
Future pension and postretirement benefit obligations 1.47 3.03 4.87 6.38 2.51
Other long-term liabilities 4.64 5.32 6.45 5.88 12.43
Long-term liabilities 33.15% 28.66% 31.76% 32.33% 43.52%
Total liabilities 62.04% 53.28% 53.72% 54.44% 68.27%
Redeemable noncontrolling interest 0.02 0.02 0.02 0.02 0.07
Preferred stock, $1 par value; none issued or outstanding 0.00 0.00 0.00 0.00 0.00
Common stock, $1 par value 22.89 23.88 23.22 22.77 16.48
Treasury stock, common shares at average cost -16.67 -9.78 -7.89 -6.42 -23.35
Retained earnings 32.22 32.90 31.14 30.48 44.09
Unearned ESOP shares -0.01 -0.02 -0.02 -0.03 -0.05
Accumulated other comprehensive loss -1.49 -1.27 -1.19 -2.30 -7.26
Shareowners’ equity 36.94% 45.72% 45.27% 44.50% 29.90%
Noncontrolling interest 1.00 0.97 0.99 1.04 1.76
Total equity 37.94% 46.69% 46.26% 45.54% 31.66%
Total liabilities, redeemable noncontrolling interest, and equity 100.00% 100.00% 100.00% 100.00% 100.00%

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).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. RTX Corp. current liabilities as a percentage of total liabilities, redeemable noncontrolling interest, and equity increased from 2021 to 2022 and from 2022 to 2023.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. RTX Corp. long-term liabilities as a percentage of total liabilities, redeemable noncontrolling interest, and equity decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. RTX Corp. total liabilities as a percentage of total liabilities, redeemable noncontrolling interest, and equity decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Shareowners’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. RTX Corp. shareowners’ equity as a percentage of total liabilities, redeemable noncontrolling interest, and equity increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.