Stock Analysis on Net

General Dynamics Corp. (NYSE:GD)

This company has been moved to the archive! The financial data has not been updated since October 28, 2020.

Analysis of Solvency Ratios
Quarterly Data

Microsoft Excel

Solvency Ratios (Summary)

General Dynamics Corp., solvency ratios (quarterly data)

Microsoft Excel
Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Oct 4, 2015 Jul 5, 2015 Apr 5, 2015
Debt Ratios
Debt to equity 0.91 1.05 1.36 0.88 1.01 1.08 1.11 1.06 1.03 1.19 0.55 0.35 0.42 0.36 0.37 0.35 0.34 0.31 0.32 0.32 0.32 0.30 0.30
Debt to capital 0.48 0.51 0.58 0.47 0.50 0.52 0.53 0.51 0.51 0.54 0.35 0.26 0.30 0.27 0.27 0.26 0.26 0.24 0.24 0.24 0.24 0.23 0.23
Debt to assets 0.27 0.29 0.34 0.24 0.28 0.29 0.29 0.27 0.28 0.30 0.17 0.11 0.14 0.12 0.12 0.12 0.12 0.11 0.11 0.11 0.10 0.10 0.10
Financial leverage 3.42 3.62 4.07 3.60 3.61 3.73 3.88 3.87 3.68 3.93 3.16 3.06 3.02 3.09 3.14 2.99 2.89 2.89 3.00 2.98 3.07 2.98 2.98

Based on: 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-10-04), 10-Q (reporting date: 2015-07-05), 10-Q (reporting date: 2015-04-05).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. General Dynamics Corp. debt to equity ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. General Dynamics Corp. debt to capital ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. General Dynamics Corp. debt to assets ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. General Dynamics Corp. financial leverage ratio decreased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Debt to Equity

General Dynamics Corp., debt to equity calculation (quarterly data)

Microsoft Excel
Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Oct 4, 2015 Jul 5, 2015 Apr 5, 2015
Selected Financial Data (US$ in millions)
Short-term debt and current portion of long-term debt 3,394 4,121 5,047 2,920 4,661 4,960 2,097 973 1,678 2,881 2,498 2 903 989 901 900 1 537 501 501 501 2 1
Long-term debt, excluding current portion 9,978 10,470 12,951 9,010 8,989 8,975 11,451 11,444 11,403 11,397 3,981 3,980 3,979 2,989 2,988 2,988 3,885 2,899 2,899 2,898 2,912 3,411 3,410
Total debt 13,372 14,591 17,998 11,930 13,650 13,935 13,548 12,417 13,081 14,278 6,479 3,982 4,882 3,978 3,889 3,888 3,886 3,436 3,400 3,399 3,413 3,413 3,411
 
Shareholders’ equity 14,716 13,890 13,200 13,577 13,513 12,877 12,234 11,732 12,755 11,994 11,774 11,435 11,564 10,952 10,583 10,976 11,317 10,995 10,582 10,738 10,734 11,276 11,520
Solvency Ratio
Debt to equity1 0.91 1.05 1.36 0.88 1.01 1.08 1.11 1.06 1.03 1.19 0.55 0.35 0.42 0.36 0.37 0.35 0.34 0.31 0.32 0.32 0.32 0.30 0.30
Benchmarks
Debt to Equity, Competitors2
Boeing Co. 117.95
Caterpillar Inc. 2.55 2.81 2.61 2.58 2.54 2.45 2.32
Cummins Inc. 0.53 0.53 0.47 0.32 0.34 0.27 0.31
General Electric Co. 2.39 2.43 2.41 3.21 3.34 2.95 3.06
Honeywell International Inc. 1.23 1.22 0.91 0.87 1.03 0.91 0.86
Lockheed Martin Corp. 2.56 3.38 3.68 4.05 3.48 4.75 5.65
RTX Corp. 0.48 0.49 1.18 1.04 1.10 1.11 1.14

Based on: 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-10-04), 10-Q (reporting date: 2015-07-05), 10-Q (reporting date: 2015-04-05).

1 Q3 2020 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity
= 13,372 ÷ 14,716 = 0.91

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. General Dynamics Corp. debt to equity ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Debt to Capital

General Dynamics Corp., debt to capital calculation (quarterly data)

Microsoft Excel
Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Oct 4, 2015 Jul 5, 2015 Apr 5, 2015
Selected Financial Data (US$ in millions)
Short-term debt and current portion of long-term debt 3,394 4,121 5,047 2,920 4,661 4,960 2,097 973 1,678 2,881 2,498 2 903 989 901 900 1 537 501 501 501 2 1
Long-term debt, excluding current portion 9,978 10,470 12,951 9,010 8,989 8,975 11,451 11,444 11,403 11,397 3,981 3,980 3,979 2,989 2,988 2,988 3,885 2,899 2,899 2,898 2,912 3,411 3,410
Total debt 13,372 14,591 17,998 11,930 13,650 13,935 13,548 12,417 13,081 14,278 6,479 3,982 4,882 3,978 3,889 3,888 3,886 3,436 3,400 3,399 3,413 3,413 3,411
Shareholders’ equity 14,716 13,890 13,200 13,577 13,513 12,877 12,234 11,732 12,755 11,994 11,774 11,435 11,564 10,952 10,583 10,976 11,317 10,995 10,582 10,738 10,734 11,276 11,520
Total capital 28,088 28,481 31,198 25,507 27,163 26,812 25,782 24,149 25,836 26,272 18,253 15,417 16,446 14,930 14,472 14,864 15,203 14,431 13,982 14,137 14,147 14,689 14,931
Solvency Ratio
Debt to capital1 0.48 0.51 0.58 0.47 0.50 0.52 0.53 0.51 0.51 0.54 0.35 0.26 0.30 0.27 0.27 0.26 0.26 0.24 0.24 0.24 0.24 0.23 0.23
Benchmarks
Debt to Capital, Competitors2
Boeing Co. 1.24 1.23 1.33 1.46 1.20 1.38 0.99
Caterpillar Inc. 0.72 0.74 0.72 0.72 0.72 0.71 0.70
Cummins Inc. 0.35 0.35 0.32 0.24 0.25 0.21 0.24
General Electric Co. 0.70 0.71 0.71 0.76 0.77 0.75 0.75
Honeywell International Inc. 0.55 0.55 0.48 0.46 0.51 0.48 0.46
Lockheed Martin Corp. 0.72 0.77 0.79 0.80 0.78 0.83 0.85
RTX Corp. 0.32 0.33 0.54 0.51 0.52 0.53 0.53

Based on: 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-10-04), 10-Q (reporting date: 2015-07-05), 10-Q (reporting date: 2015-04-05).

1 Q3 2020 Calculation
Debt to capital = Total debt ÷ Total capital
= 13,372 ÷ 28,088 = 0.48

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. General Dynamics Corp. debt to capital ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Debt to Assets

General Dynamics Corp., debt to assets calculation (quarterly data)

Microsoft Excel
Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Oct 4, 2015 Jul 5, 2015 Apr 5, 2015
Selected Financial Data (US$ in millions)
Short-term debt and current portion of long-term debt 3,394 4,121 5,047 2,920 4,661 4,960 2,097 973 1,678 2,881 2,498 2 903 989 901 900 1 537 501 501 501 2 1
Long-term debt, excluding current portion 9,978 10,470 12,951 9,010 8,989 8,975 11,451 11,444 11,403 11,397 3,981 3,980 3,979 2,989 2,988 2,988 3,885 2,899 2,899 2,898 2,912 3,411 3,410
Total debt 13,372 14,591 17,998 11,930 13,650 13,935 13,548 12,417 13,081 14,278 6,479 3,982 4,882 3,978 3,889 3,888 3,886 3,436 3,400 3,399 3,413 3,413 3,411
 
Total assets 50,258 50,222 53,710 48,841 48,788 48,074 47,466 45,408 46,963 47,152 37,219 35,046 34,914 33,793 33,211 32,872 32,668 31,769 31,702 31,997 32,980 33,654 34,385
Solvency Ratio
Debt to assets1 0.27 0.29 0.34 0.24 0.28 0.29 0.29 0.27 0.28 0.30 0.17 0.11 0.14 0.12 0.12 0.12 0.12 0.11 0.11 0.11 0.10 0.10 0.10
Benchmarks
Debt to Assets, Competitors2
Boeing Co. 0.38 0.38 0.27 0.20 0.19 0.15 0.12
Caterpillar Inc. 0.50 0.50 0.49 0.48 0.49 0.46 0.45
Cummins Inc. 0.19 0.19 0.17 0.12 0.13 0.11 0.12
General Electric Co. 0.31 0.32 0.32 0.34 0.35 0.34 0.34
Honeywell International Inc. 0.35 0.35 0.28 0.27 0.31 0.28 0.28
Lockheed Martin Corp. 0.25 0.26 0.26 0.27 0.28 0.28 0.29
RTX Corp. 0.20 0.20 0.33 0.31 0.32 0.33 0.33

Based on: 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-10-04), 10-Q (reporting date: 2015-07-05), 10-Q (reporting date: 2015-04-05).

1 Q3 2020 Calculation
Debt to assets = Total debt ÷ Total assets
= 13,372 ÷ 50,258 = 0.27

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. General Dynamics Corp. debt to assets ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Financial Leverage

General Dynamics Corp., financial leverage calculation (quarterly data)

Microsoft Excel
Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Oct 4, 2015 Jul 5, 2015 Apr 5, 2015
Selected Financial Data (US$ in millions)
Total assets 50,258 50,222 53,710 48,841 48,788 48,074 47,466 45,408 46,963 47,152 37,219 35,046 34,914 33,793 33,211 32,872 32,668 31,769 31,702 31,997 32,980 33,654 34,385
Shareholders’ equity 14,716 13,890 13,200 13,577 13,513 12,877 12,234 11,732 12,755 11,994 11,774 11,435 11,564 10,952 10,583 10,976 11,317 10,995 10,582 10,738 10,734 11,276 11,520
Solvency Ratio
Financial leverage1 3.42 3.62 4.07 3.60 3.61 3.73 3.88 3.87 3.68 3.93 3.16 3.06 3.02 3.09 3.14 2.99 2.89 2.89 3.00 2.98 3.07 2.98 2.98
Benchmarks
Financial Leverage, Competitors2
Boeing Co. 961.67
Caterpillar Inc. 5.13 5.57 5.35 5.38 5.22 5.34 5.10
Cummins Inc. 2.80 2.82 2.84 2.63 2.61 2.45 2.54
General Electric Co. 7.64 7.62 7.43 9.40 9.42 8.71 8.96
Honeywell International Inc. 3.51 3.50 3.25 3.17 3.32 3.23 3.12
Lockheed Martin Corp. 10.25 13.22 14.29 15.20 12.66 16.79 19.34
RTX Corp. 2.37 2.40 3.54 3.34 3.44 3.41 3.46

Based on: 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-10-04), 10-Q (reporting date: 2015-07-05), 10-Q (reporting date: 2015-04-05).

1 Q3 2020 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity
= 50,258 ÷ 14,716 = 3.42

2 Click competitor name to see calculations.

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. General Dynamics Corp. financial leverage ratio decreased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.