L3Harris Technologies (LHX) Interest Coverage Ratio (2009 - 2024)
L3Harris Technologies' (LHX) quarterly Interest Coverage Ratio came in at 2.98 in Q3 2024, down 1.02% year-over-year from 3.01 in Q3 2023, and down 1.02% quarter-over-quarter from 3.01 in Q3 2023.
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L3Harris Technologies (LHX) Interest Coverage Ratio (2009 - 2024) Analysis & Trends
L3Harris Technologies has disclosed Interest Coverage Ratio across 15 years of filings, most recently posting 2.98 for Q3 2024.
- In Q3 2024, Interest Coverage Ratio fell 1.02% year-over-year to 2.98; the TTM figure through Sep 2024 stood at 3.25 (down 33.65% YoY), while the FY2021 annual figure was 2.12, down 62.5% from the prior year.
- Interest Coverage Ratio came in at 2.98 for Q3 2024 at L3Harris Technologies, down from 3.01 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 8.01 in Q2 2021 to a low of 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 largest YoY upside for Interest Coverage Ratio was 16.95% in 2020 against a maximum downside of 43.26% in 2020.
- Over 4 years, Interest Coverage Ratio stood at 7.48 in 2020, then rose by 7.08% to 8.01 in 2021, then plunged by 62.41% to 3.01 in 2023, then declined by 1.02% to 2.98 in 2024.
- Per Business Quant data, the three most recent Interest Coverage Ratio figures were 2.98 in Q3 2024, 3.01 in Q3 2023, and 8.01 in Q2 2021.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Lockheed Martin | 121.20 Bn | 117.41 Bn | 2.45 Bn | 9.32 |
| 2 | General Dynamics | 97.24 Bn | 92.90 Bn | 6.76 Bn | - |
| 3 | Motorola Solutions | 77.45 Bn | 76.75 Bn | 1.68 Bn | 7.42 |
| 4 | Northrop Grumman | 73.15 Bn | 70.84 Bn | 3.72 Bn | 6.81 |
| 5 | L3Harris Technologies | 47.76 Bn | 47.20 Bn | 1.50 Bn | - |
| 6 | Elbit Systems | 32.88 Bn | 31.92 Bn | 579.01 Mn | - |
| 7 | Teledyne Technologies | 28.32 Bn | 27.98 Bn | 738.10 Mn | 24.50 |
| 8 | Curtiss Wright | 20.93 Bn | 20.46 Bn | 364.09 Mn | 18.00 |
| 9 | Leidos Holdings | 16.70 Bn | 16.01 Bn | 817.00 Mn | - |
| 10 | Caci International | 13.78 Bn | 13.58 Bn | 913.55 Mn | 3.78 |
Historic Data
Download Data
Historic 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 | 9.54 |
| Jun 28, 2019 | 10.76 |
| 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 |