Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company’s ability to meet long-term obligations.
Solvency Ratios (Summary)
Honeywell International Inc., solvency ratios (quarterly data)
Based on: 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-24), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-14), 10-Q (filing date: 2019-10-17), 10-Q (filing date: 2019-07-18), 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-19), 10-Q (filing date: 2018-07-20), 10-Q (filing date: 2018-04-20), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-20), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-21), 10-K (filing date: 2017-02-10), 10-Q (filing date: 2016-10-21), 10-Q (filing date: 2016-07-22), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-12), 10-Q (filing date: 2015-10-16), 10-Q (filing date: 2015-07-17), 10-Q (filing date: 2015-04-17).
Solvency ratio | Description | The company |
---|---|---|
Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Honeywell International Inc.’s debt to equity ratio deteriorated 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. | Honeywell International Inc.’s debt to capital ratio deteriorated 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. | Honeywell International Inc.’s debt to assets ratio deteriorated 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. | Honeywell International Inc.’s financial leverage ratio increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020. |
Solvency ratio | Description | The company |
---|---|---|
Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Honeywell International Inc.’s interest coverage ratio deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020. |
Debt to Equity
Honeywell International Inc., debt to equity calculation (quarterly data)
Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
Commercial paper and other short-term borrowings | 3,550 | 3,531 | 3,528 | 3,516 | 3,422 | 3,558 | 3,514 | 3,586 | 3,977 | 4,447 | 5,406 | 3,958 | 3,932 | 3,803 | 3,415 | 3,366 | 5,601 | 3,788 | 3,631 | 5,937 | 3,700 | 2,820 | 2,742 | |||||||
Current maturities of long-term debt | 985 | 967 | 1,042 | 1,376 | 4,088 | 4,017 | 4,000 | 2,872 | 215 | 133 | 143 | 1,351 | 1,398 | 1,378 | 1,271 | 227 | 649 | 618 | 626 | 577 | 1,268 | 1,337 | 1,304 | |||||||
Long-term debt, excluding current maturities | 17,687 | 17,591 | 11,542 | 11,110 | 11,101 | 8,608 | 8,598 | 9,756 | 14,059 | 12,504 | 12,738 | 12,573 | 11,453 | 11,329 | 11,181 | 12,182 | 9,608 | 9,607 | 9,700 | 5,554 | 5,599 | 5,562 | 5,661 | |||||||
Total debt | 22,222 | 22,089 | 16,112 | 16,002 | 18,611 | 16,183 | 16,112 | 16,214 | 18,251 | 17,084 | 18,287 | 17,882 | 16,783 | 16,510 | 15,867 | 15,775 | 15,858 | 14,013 | 13,957 | 12,068 | 10,567 | 9,719 | 9,707 | |||||||
Total Honeywell shareowners’ equity | 18,074 | 18,147 | 17,644 | 18,494 | 18,109 | 17,870 | 18,767 | 18,180 | 18,239 | 17,600 | 17,595 | 17,276 | 21,074 | 20,425 | 20,323 | 19,369 | 19,191 | 18,771 | 18,197 | 18,283 | 17,760 | 18,457 | 17,542 | |||||||
Solvency Ratio | ||||||||||||||||||||||||||||||
Debt to equity1 | 1.23 | 1.22 | 0.91 | 0.87 | 1.03 | 0.91 | 0.86 | 0.89 | 1.00 | 0.97 | 1.04 | 1.04 | 0.80 | 0.81 | 0.78 | 0.81 | 0.83 | 0.75 | 0.77 | 0.66 | 0.59 | 0.53 | 0.55 | |||||||
Benchmarks | ||||||||||||||||||||||||||||||
Debt to Equity, Competitors2 | ||||||||||||||||||||||||||||||
3M Co. | 1.65 | 1.91 | 2.22 | 2.02 | 1.82 | 1.57 | 1.69 | 1.49 | 1.45 | 1.40 | 1.43 | 1.21 | 0.96 | 0.97 | 1.07 | 1.13 | 1.03 | 0.99 | 0.95 | 0.92 | 0.92 | 0.65 | 0.47 | |||||||
General Electric Co. | 2.39 | 2.43 | 2.41 | 3.21 | 3.34 | 2.95 | 3.06 | 3.55 | 3.66 | 2.10 | 2.25 | 2.09 | 1.79 | 1.81 | 1.73 | 1.80 | 1.82 | 1.84 | 2.04 | 2.02 | 2.62 | 2.89 | 3.24 |
Based on: 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-24), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-14), 10-Q (filing date: 2019-10-17), 10-Q (filing date: 2019-07-18), 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-19), 10-Q (filing date: 2018-07-20), 10-Q (filing date: 2018-04-20), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-20), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-21), 10-K (filing date: 2017-02-10), 10-Q (filing date: 2016-10-21), 10-Q (filing date: 2016-07-22), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-12), 10-Q (filing date: 2015-10-16), 10-Q (filing date: 2015-07-17), 10-Q (filing date: 2015-04-17).
1 Q3 2020 Calculation
Debt to equity = Total debt ÷ Total Honeywell shareowners’ equity
= 22,222 ÷ 18,074 = 1.23
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. | Honeywell International Inc.’s debt to equity ratio deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020. |
Debt to Capital
Honeywell International Inc., debt to capital calculation (quarterly data)
Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
Commercial paper and other short-term borrowings | 3,550 | 3,531 | 3,528 | 3,516 | 3,422 | 3,558 | 3,514 | 3,586 | 3,977 | 4,447 | 5,406 | 3,958 | 3,932 | 3,803 | 3,415 | 3,366 | 5,601 | 3,788 | 3,631 | 5,937 | 3,700 | 2,820 | 2,742 | |||||||
Current maturities of long-term debt | 985 | 967 | 1,042 | 1,376 | 4,088 | 4,017 | 4,000 | 2,872 | 215 | 133 | 143 | 1,351 | 1,398 | 1,378 | 1,271 | 227 | 649 | 618 | 626 | 577 | 1,268 | 1,337 | 1,304 | |||||||
Long-term debt, excluding current maturities | 17,687 | 17,591 | 11,542 | 11,110 | 11,101 | 8,608 | 8,598 | 9,756 | 14,059 | 12,504 | 12,738 | 12,573 | 11,453 | 11,329 | 11,181 | 12,182 | 9,608 | 9,607 | 9,700 | 5,554 | 5,599 | 5,562 | 5,661 | |||||||
Total debt | 22,222 | 22,089 | 16,112 | 16,002 | 18,611 | 16,183 | 16,112 | 16,214 | 18,251 | 17,084 | 18,287 | 17,882 | 16,783 | 16,510 | 15,867 | 15,775 | 15,858 | 14,013 | 13,957 | 12,068 | 10,567 | 9,719 | 9,707 | |||||||
Total Honeywell shareowners’ equity | 18,074 | 18,147 | 17,644 | 18,494 | 18,109 | 17,870 | 18,767 | 18,180 | 18,239 | 17,600 | 17,595 | 17,276 | 21,074 | 20,425 | 20,323 | 19,369 | 19,191 | 18,771 | 18,197 | 18,283 | 17,760 | 18,457 | 17,542 | |||||||
Total capital | 40,296 | 40,236 | 33,756 | 34,496 | 36,720 | 34,053 | 34,879 | 34,394 | 36,490 | 34,684 | 35,882 | 35,158 | 37,857 | 36,935 | 36,190 | 35,144 | 35,049 | 32,784 | 32,154 | 30,351 | 28,327 | 28,176 | 27,249 | |||||||
Solvency Ratio | ||||||||||||||||||||||||||||||
Debt to capital1 | 0.55 | 0.55 | 0.48 | 0.46 | 0.51 | 0.48 | 0.46 | 0.47 | 0.50 | 0.49 | 0.51 | 0.51 | 0.44 | 0.45 | 0.44 | 0.45 | 0.45 | 0.43 | 0.43 | 0.40 | 0.37 | 0.34 | 0.36 | |||||||
Benchmarks | ||||||||||||||||||||||||||||||
Debt to Capital, Competitors2 | ||||||||||||||||||||||||||||||
3M Co. | 0.62 | 0.66 | 0.69 | 0.67 | 0.64 | 0.61 | 0.63 | 0.60 | 0.59 | 0.58 | 0.59 | 0.55 | 0.49 | 0.49 | 0.52 | 0.53 | 0.51 | 0.50 | 0.49 | 0.48 | 0.48 | 0.39 | 0.32 | |||||||
General Electric Co. | 0.70 | 0.71 | 0.71 | 0.76 | 0.77 | 0.75 | 0.75 | 0.78 | 0.79 | 0.68 | 0.69 | 0.68 | 0.64 | 0.64 | 0.63 | 0.64 | 0.65 | 0.65 | 0.67 | 0.67 | 0.72 | 0.74 | 0.76 |
Based on: 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-24), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-14), 10-Q (filing date: 2019-10-17), 10-Q (filing date: 2019-07-18), 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-19), 10-Q (filing date: 2018-07-20), 10-Q (filing date: 2018-04-20), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-20), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-21), 10-K (filing date: 2017-02-10), 10-Q (filing date: 2016-10-21), 10-Q (filing date: 2016-07-22), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-12), 10-Q (filing date: 2015-10-16), 10-Q (filing date: 2015-07-17), 10-Q (filing date: 2015-04-17).
1 Q3 2020 Calculation
Debt to capital = Total debt ÷ Total capital
= 22,222 ÷ 40,296 = 0.55
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. | Honeywell International Inc.’s debt to capital ratio deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020. |
Debt to Assets
Honeywell International Inc., debt to assets calculation (quarterly data)
Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
Commercial paper and other short-term borrowings | 3,550 | 3,531 | 3,528 | 3,516 | 3,422 | 3,558 | 3,514 | 3,586 | 3,977 | 4,447 | 5,406 | 3,958 | 3,932 | 3,803 | 3,415 | 3,366 | 5,601 | 3,788 | 3,631 | 5,937 | 3,700 | 2,820 | 2,742 | |||||||
Current maturities of long-term debt | 985 | 967 | 1,042 | 1,376 | 4,088 | 4,017 | 4,000 | 2,872 | 215 | 133 | 143 | 1,351 | 1,398 | 1,378 | 1,271 | 227 | 649 | 618 | 626 | 577 | 1,268 | 1,337 | 1,304 | |||||||
Long-term debt, excluding current maturities | 17,687 | 17,591 | 11,542 | 11,110 | 11,101 | 8,608 | 8,598 | 9,756 | 14,059 | 12,504 | 12,738 | 12,573 | 11,453 | 11,329 | 11,181 | 12,182 | 9,608 | 9,607 | 9,700 | 5,554 | 5,599 | 5,562 | 5,661 | |||||||
Total debt | 22,222 | 22,089 | 16,112 | 16,002 | 18,611 | 16,183 | 16,112 | 16,214 | 18,251 | 17,084 | 18,287 | 17,882 | 16,783 | 16,510 | 15,867 | 15,775 | 15,858 | 14,013 | 13,957 | 12,068 | 10,567 | 9,719 | 9,707 | |||||||
Total assets | 63,459 | 63,604 | 57,422 | 58,679 | 60,104 | 57,750 | 58,560 | 57,773 | 61,927 | 59,860 | 60,948 | 59,387 | 56,768 | 55,668 | 54,779 | 54,146 | 53,556 | 51,181 | 50,365 | 49,316 | 46,625 | 46,412 | 45,357 | |||||||
Solvency Ratio | ||||||||||||||||||||||||||||||
Debt to assets1 | 0.35 | 0.35 | 0.28 | 0.27 | 0.31 | 0.28 | 0.28 | 0.28 | 0.29 | 0.29 | 0.30 | 0.30 | 0.30 | 0.30 | 0.29 | 0.29 | 0.30 | 0.27 | 0.28 | 0.24 | 0.23 | 0.21 | 0.21 | |||||||
Benchmarks | ||||||||||||||||||||||||||||||
Debt to Assets, Competitors2 | ||||||||||||||||||||||||||||||
3M Co. | 0.43 | 0.46 | 0.49 | 0.45 | 0.46 | 0.41 | 0.42 | 0.40 | 0.40 | 0.39 | 0.41 | 0.37 | 0.33 | 0.33 | 0.35 | 0.35 | 0.36 | 0.35 | 0.34 | 0.33 | 0.34 | 0.27 | 0.22 | |||||||
General Electric Co. | 0.31 | 0.32 | 0.32 | 0.34 | 0.35 | 0.34 | 0.34 | 0.36 | 0.37 | 0.34 | 0.35 | 0.36 | 0.36 | 0.38 | 0.37 | 0.37 | 0.39 | 0.39 | 0.40 | 0.40 | 0.50 | 0.52 | 0.57 |
Based on: 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-24), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-14), 10-Q (filing date: 2019-10-17), 10-Q (filing date: 2019-07-18), 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-19), 10-Q (filing date: 2018-07-20), 10-Q (filing date: 2018-04-20), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-20), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-21), 10-K (filing date: 2017-02-10), 10-Q (filing date: 2016-10-21), 10-Q (filing date: 2016-07-22), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-12), 10-Q (filing date: 2015-10-16), 10-Q (filing date: 2015-07-17), 10-Q (filing date: 2015-04-17).
1 Q3 2020 Calculation
Debt to assets = Total debt ÷ Total assets
= 22,222 ÷ 63,459 = 0.35
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. | Honeywell International Inc.’s debt to assets ratio deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020. |
Financial Leverage
Honeywell International Inc., financial leverage calculation (quarterly data)
Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
Total assets | 63,459 | 63,604 | 57,422 | 58,679 | 60,104 | 57,750 | 58,560 | 57,773 | 61,927 | 59,860 | 60,948 | 59,387 | 56,768 | 55,668 | 54,779 | 54,146 | 53,556 | 51,181 | 50,365 | 49,316 | 46,625 | 46,412 | 45,357 | |||||||
Total Honeywell shareowners’ equity | 18,074 | 18,147 | 17,644 | 18,494 | 18,109 | 17,870 | 18,767 | 18,180 | 18,239 | 17,600 | 17,595 | 17,276 | 21,074 | 20,425 | 20,323 | 19,369 | 19,191 | 18,771 | 18,197 | 18,283 | 17,760 | 18,457 | 17,542 | |||||||
Solvency Ratio | ||||||||||||||||||||||||||||||
Financial leverage1 | 3.51 | 3.50 | 3.25 | 3.17 | 3.32 | 3.23 | 3.12 | 3.18 | 3.40 | 3.40 | 3.46 | 3.44 | 2.69 | 2.73 | 2.70 | 2.80 | 2.79 | 2.73 | 2.77 | 2.70 | 2.63 | 2.51 | 2.59 | |||||||
Benchmarks | ||||||||||||||||||||||||||||||
Financial Leverage, Competitors2 | ||||||||||||||||||||||||||||||
3M Co. | 3.82 | 4.15 | 4.55 | 4.44 | 3.98 | 3.86 | 4.03 | 3.73 | 3.64 | 3.55 | 3.51 | 3.29 | 2.90 | 2.93 | 3.03 | 3.20 | 2.84 | 2.79 | 2.81 | 2.79 | 2.73 | 2.40 | 2.20 | |||||||
General Electric Co. | 7.64 | 7.62 | 7.43 | 9.40 | 9.42 | 8.71 | 8.96 | 9.98 | 9.91 | 6.22 | 6.40 | 5.88 | 4.97 | 4.79 | 4.72 | 4.82 | 4.73 | 4.72 | 5.07 | 5.01 | 5.23 | 5.58 | 5.69 |
Based on: 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-24), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-14), 10-Q (filing date: 2019-10-17), 10-Q (filing date: 2019-07-18), 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-19), 10-Q (filing date: 2018-07-20), 10-Q (filing date: 2018-04-20), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-20), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-21), 10-K (filing date: 2017-02-10), 10-Q (filing date: 2016-10-21), 10-Q (filing date: 2016-07-22), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-12), 10-Q (filing date: 2015-10-16), 10-Q (filing date: 2015-07-17), 10-Q (filing date: 2015-04-17).
1 Q3 2020 Calculation
Financial leverage = Total assets ÷ Total Honeywell shareowners’ equity
= 63,459 ÷ 18,074 = 3.51
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. | Honeywell International Inc.’s financial leverage ratio increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020. |
Interest Coverage
Honeywell International Inc., interest coverage calculation (quarterly data)
Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | ||||||||
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Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
Net income attributable to Honeywell | 758 | 1,081 | 1,581 | 1,562 | 1,624 | 1,541 | 1,416 | 1,721 | 2,338 | 1,267 | 1,439 | (2,411) | 1,348 | 1,392 | 1,326 | 1,034 | 1,240 | 1,319 | 1,216 | 1,194 | 1,264 | 1,194 | 1,116 | |||||||
Add: Net income attributable to noncontrolling interest | 23 | 18 | 25 | 28 | 24 | 15 | 20 | 19 | 18 | 13 | 13 | 12 | 17 | 8 | 6 | 11 | 8 | 8 | 10 | 9 | 12 | 28 | 30 | |||||||
Add: Income tax expense | 367 | 120 | 329 | 178 | 319 | 426 | 406 | (20) | (498) | 718 | 459 | 4,016 | 418 | 378 | 392 | 387 | 384 | 428 | 402 | 450 | 431 | 440 | 418 | |||||||
Add: Interest and other financial charges | 101 | 90 | 73 | 91 | 96 | 85 | 85 | 90 | 99 | 95 | 83 | 81 | 81 | 79 | 75 | 86 | 82 | 85 | 85 | 84 | 72 | 77 | 77 | |||||||
Earnings before interest and tax (EBIT) | 1,249 | 1,309 | 2,008 | 1,859 | 2,063 | 2,067 | 1,927 | 1,810 | 1,957 | 2,093 | 1,994 | 1,698 | 1,864 | 1,857 | 1,799 | 1,518 | 1,714 | 1,840 | 1,713 | 1,737 | 1,779 | 1,739 | 1,641 | |||||||
Solvency Ratio | ||||||||||||||||||||||||||||||
Interest coverage1 | 18.10 | 20.68 | 23.18 | 22.17 | 22.10 | 21.62 | 21.10 | 21.40 | 21.63 | 22.50 | 22.88 | 22.84 | 21.93 | 21.39 | 20.95 | 20.07 | 20.85 | 21.68 | 21.91 | 22.25 | — | — | — | |||||||
Benchmarks | ||||||||||||||||||||||||||||||
Interest Coverage, Competitors2 | ||||||||||||||||||||||||||||||
General Electric Co. | 2.16 | 2.11 | 2.64 | 1.27 | 1.10 | -3.71 | -3.01 | -2.98 | -5.55 | -0.83 | -0.84 | -0.81 | 2.48 | 2.71 | 3.17 | 2.80 | 2.53 | 2.54 | 2.49 | 3.36 | — | — | — |
Based on: 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-24), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-14), 10-Q (filing date: 2019-10-17), 10-Q (filing date: 2019-07-18), 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-19), 10-Q (filing date: 2018-07-20), 10-Q (filing date: 2018-04-20), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-20), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-21), 10-K (filing date: 2017-02-10), 10-Q (filing date: 2016-10-21), 10-Q (filing date: 2016-07-22), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-12), 10-Q (filing date: 2015-10-16), 10-Q (filing date: 2015-07-17), 10-Q (filing date: 2015-04-17).
1 Q3 2020 Calculation
Interest coverage
= (EBITQ3 2020
+ EBITQ2 2020
+ EBITQ1 2020
+ EBITQ4 2019)
÷ (Interest expenseQ3 2020
+ Interest expenseQ2 2020
+ Interest expenseQ1 2020
+ Interest expenseQ4 2019)
= (1,249 + 1,309 + 2,008 + 1,859)
÷ (101 + 90 + 73 + 91)
= 18.10
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Honeywell International Inc.’s interest coverage ratio deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020. |