Debt to Equity
since 2005

Honeywell International Inc., debt to equity, long-term trends, calculation

	Debt to equity	=	Commercial paper, other short-term borrowings and long-term debt¹	÷	Total Honeywell shareowners’ equity¹
Dec 31, 2024	1.67	=	31,099)	÷	18,619)
Dec 31, 2023	1.29	=	20,443)	÷	15,856)
Dec 31, 2022	1.17	=	19,570)	÷	16,697)
Dec 31, 2021	1.06	=	19,599)	÷	18,569)
Dec 31, 2020	1.28	=	22,384)	÷	17,549)
Dec 31, 2019	0.87	=	16,002)	÷	18,494)
Dec 31, 2018	0.89	=	16,214)	÷	18,180)
Dec 31, 2017	1.04	=	17,882)	÷	17,276)
Dec 31, 2016	0.81	=	15,775)	÷	19,369)
Dec 31, 2015	0.66	=	12,068)	÷	18,283)
Dec 31, 2014	0.49	=	8,683)	÷	17,657)
Dec 31, 2013	0.51	=	8,829)	÷	17,467)
Dec 31, 2012	0.58	=	7,496)	÷	12,975)
Dec 31, 2011	0.70	=	7,555)	÷	10,806)
Dec 31, 2010	0.62	=	6,644)	÷	10,666)
Dec 31, 2009	0.86	=	7,607)	÷	8,844)
Dec 31, 2008	1.17	=	8,375)	÷	7,187)
Dec 31, 2007	0.83	=	7,657)	÷	9,222)
Dec 31, 2006	0.52	=	5,063)	÷	9,720)
Dec 31, 2005	0.45	=	5,106)	÷	11,254)

¹ US$ in millions

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Honeywell International Inc., debt to equity, long-term trends, comparison to competitors

	Honeywell International Inc.	Boeing Co.	Caterpillar Inc.	Eaton Corp. plc	GE Aerospace	Lockheed Martin Corp.	RTX Corp.
Dec 31, 2024	1.67	—	1.97	0.50	1.00	3.20	0.69
Dec 31, 2023	1.29	—	1.94	0.49	0.77	2.55	0.73
Dec 31, 2022	1.17	—	2.33	0.51	0.89	1.68	0.44
Dec 31, 2021	1.06	—	2.29	0.52	0.87	1.07	0.43
Dec 31, 2020	1.28	—	2.42	0.54	2.11	2.02	0.44
Dec 31, 2019	0.87	—	2.58	0.52	3.21	4.05	1.04
Dec 31, 2018	0.89	40.85	2.60	0.47	3.55	9.04	1.18
Dec 31, 2017	1.04	31.32	2.55	0.45	2.09	—	0.93
Dec 31, 2016	0.81	12.18	2.80	0.56	1.80	9.45	0.87
Dec 31, 2015	0.66	1.57	2.57	0.56	2.02	4.62	0.75
Dec 31, 2014	0.49	1.05	2.35	0.57	2.85	1.81	0.63
Dec 31, 2013	0.51	0.65	1.81	0.57	2.93	1.25	0.64
Dec 31, 2012	0.58	1.77	2.29	0.72	3.37	157.90	0.90
Dec 31, 2011	0.70	3.52	2.69	0.51	3.89	6.45	0.47
Dec 31, 2010	0.62	4.49	2.63	0.47	4.02	1.35	0.48
Dec 31, 2009	0.86	6.07	3.62	0.51	4.35	1.22	0.49
Dec 31, 2008	1.17	—	5.84	0.68	5.00	1.24	0.72
Dec 31, 2007	0.83	0.91	3.20	0.66	4.45	0.44	0.43
Dec 31, 2006	0.52	2.01	3.98	0.63	3.85	0.64	0.46
Dec 31, 2005	0.45	0.97	3.05	0.65	3.39	0.61	0.48

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Honeywell International Inc., debt to equity, long-term trends, comparison to sector (capital goods)

	Honeywell International Inc.	Capital Goods
Dec 31, 2024	1.67	1.54
Dec 31, 2023	1.29	1.54
Dec 31, 2022	1.17	1.33
Dec 31, 2021	1.06	1.26
Dec 31, 2020	1.28	1.75
Dec 31, 2019	0.87	2.08
Dec 31, 2018	0.89	2.03
Dec 31, 2017	1.04	1.74
Dec 31, 2016	0.81	1.60
Dec 31, 2015	0.66	1.64
Dec 31, 2014	0.49	2.06
Dec 31, 2013	0.51	2.00
Dec 31, 2012	0.58	2.56
Dec 31, 2011	0.70	3.04
Dec 31, 2010	0.62	3.10
Dec 31, 2009	0.86	3.46
Dec 31, 2008	1.17	4.19
Dec 31, 2007	0.83	3.21
Dec 31, 2006	0.52	3.02
Dec 31, 2005	0.45	2.53

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Honeywell International Inc., debt to equity, long-term trends, comparison to industry (industrials)

	Honeywell International Inc.	Industrials
Dec 31, 2024	1.67	1.38
Dec 31, 2023	1.29	1.52
Dec 31, 2022	1.17	1.42
Dec 31, 2021	1.06	1.37
Dec 31, 2020	1.28	1.82
Dec 31, 2019	0.87	1.82
Dec 31, 2018	0.89	1.85
Dec 31, 2017	1.04	1.65
Dec 31, 2016	0.81	1.54
Dec 31, 2015	0.66	1.51
Dec 31, 2014	0.49	1.89
Dec 31, 2013	0.51	1.79
Dec 31, 2012	0.58	2.29
Dec 31, 2011	0.70	2.60
Dec 31, 2010	0.62	2.68
Dec 31, 2009	0.86	3.01
Dec 31, 2008	1.17	3.54
Dec 31, 2007	0.83	2.73
Dec 31, 2006	0.52	2.49
Dec 31, 2005	0.45	2.42

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Honeywell International Inc. (NASDAQ:HON)