L3Harris Technologies (LHX) Interest Coverage Ratio (2009 - 2024)
L3Harris Technologies (LHX) posted Interest Coverage Ratio of 2.98 for Q3 2024, down 1.02% sequentially from 3.01 in Q3 2023, and down 1.02% YoY from 3.01 in Q3 2023.
L3Harris Technologies (LHX) Interest Coverage Ratio (2009 - 2024) Analysis & Trends
L3Harris Technologies (LHX) has 15 years of Interest Coverage Ratio data on file, last reported at 2.98 in Q3 2024.
- Quarterly Interest Coverage Ratio fell 1.02% year-over-year to 2.98 in Q3 2024, while the trailing twelve-month figure through Jun 2025 was 13.01 (up 39.13% YoY) and the FY2021 annual result came in at 2.12, down 62.5% from the prior year.
- Interest Coverage Ratio fell to 2.98 in Q3 2024 per LHX's latest filing, from 3.01 in the prior quarter.
- The five-year high for Interest Coverage Ratio was 8.01 in Q2 2021, with the low at 2.98 in Q3 2024.
- Average Interest Coverage Ratio over 4 years is 5.72, with a median of 6.1 recorded in 2020.
- The widest YoY moves for Interest Coverage Ratio: up 163.94% in 2020, down 21.74% in 2020.
- L3Harris Technologies' Interest Coverage Ratio stood at 7.48 in 2020, then climbed by 7.08% to 8.01 in 2021, then tumbled by 62.41% to 3.01 in 2023, then decreased by 1.02% to 2.98 in 2024.
- Business Quant data shows LHX's Interest Coverage Ratio at 2.98 in Q3 2024, 3.01 in Q3 2023, and 8.01 in Q2 2021.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Boeing | 1,106.33 Bn | 1,085.43 Bn | 2.55 Bn | 0.73 |
| 2 | Rtx | 258.51 Bn | 253.40 Bn | 9.08 Bn | - |
| 3 | General Dynamics | 174.86 Bn | 171.21 Bn | 9.09 Bn | - |
| 4 | Lockheed Martin | 119.99 Bn | 118.10 Bn | 2.08 Bn | 7.67 |
| 5 | Howmet Aerospace | 107.26 Bn | 104.82 Bn | 854.00 Mn | - |
| 6 | TransDigm | 76.18 Bn | 72.30 Bn | 1.51 Bn | 2.43 |
| 7 | Northrop Grumman | 73.88 Bn | 71.79 Bn | 3.45 Bn | 6.10 |
| 8 | Rocket Lab | 60.59 Bn | 59.31 Bn | 76.49 Mn | -43.93 |
| 9 | L3Harris Technologies | 54.60 Bn | 54.60 Bn | 1.40 Bn | - |
| 10 | Heico | 50.20 Bn | 50.07 Bn | 569.53 Mn | 10.26 |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 27, 2024 | 2.98 |
| Sep 29, 2023 | 3.01 |
| Apr 2, 2021 | 8.01 |
| Oct 2, 2020 | 7.48 |
| Jul 3, 2020 | 6.10 |
| Apr 3, 2020 | 7.59 |
| Jan 3, 2020 | 4.86 |
| Sep 27, 2019 | 2.84 |
| Jun 28, 2019 | 7.51 |
| Mar 29, 2019 | 6.49 |
| Dec 28, 2018 | 6.21 |
| Sep 28, 2018 | 5.75 |
| Jun 29, 2018 | 7.00 |
| Mar 30, 2018 | 6.24 |
| Dec 29, 2017 | 6.48 |
| Sep 29, 2017 | 6.63 |
| Jun 30, 2017 | 6.55 |
| Mar 31, 2017 | 6.55 |
| Dec 30, 2016 | 6.30 |
| Sep 30, 2016 | 5.59 |