Stock Analysis on Net
Stock Analysis on Net

Lockheed Martin Corp. (NYSE:LMT)

Analysis of Solvency Ratios
Quarterly Data

Beginner level

Solvency Ratios (Summary)

Lockheed Martin Corp., solvency ratios (quarterly data)

Microsoft Excel LibreOffice Calc
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 Jun 24, 2018 Mar 25, 2018 Dec 31, 2017 Sep 24, 2017 Jun 25, 2017 Mar 26, 2017 Dec 31, 2016 Sep 25, 2016 Jun 26, 2016 Mar 27, 2016 Dec 31, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015
Debt Ratios
Debt to equity 2.56 3.38 3.68 4.05 3.48 4.75 5.65 10.12 15.62 34.20 6.80 11.29 9.63 9.45 6.16 4.94 4.81 4.93 2.99 2.82 2.39
Debt to capital 0.72 0.77 0.79 0.80 0.78 0.83 0.85 0.91 0.94 0.97 1.01 1.05 0.87 0.92 0.91 0.90 0.86 0.83 0.83 0.83 0.75 0.74 0.70
Debt to assets 0.25 0.26 0.26 0.27 0.28 0.28 0.29 0.31 0.32 0.32 0.30 0.31 0.29 0.29 0.29 0.30 0.29 0.29 0.30 0.31 0.21 0.21 0.21
Financial leverage 10.25 13.22 14.29 15.20 12.66 16.79 19.34 32.19 48.24 108.47 23.33 38.51 32.93 31.64 20.98 16.82 15.79 15.86 14.08 13.36 11.29
Coverage Ratios
Interest coverage 14.16 13.35 12.63 12.09 11.33 10.80 10.39 9.74 10.01 9.74 9.65 9.09 8.46 8.72 8.48 8.37 8.56 9.02 10.23 12.34

Based on: 10-Q (filing date: 2020-10-22), 10-Q (filing date: 2020-07-21), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-07), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-06), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-22), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Lockheed Martin Corp.’s 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. Lockheed Martin Corp.’s 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. Lockheed Martin Corp.’s 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. Lockheed Martin Corp.’s financial leverage ratio decreased 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. Lockheed Martin Corp.’s interest coverage ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Debt to Equity

Lockheed Martin Corp., debt to equity calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Jun 24, 2018 Mar 25, 2018 Dec 31, 2017 Sep 24, 2017 Jun 25, 2017 Mar 26, 2017 Dec 31, 2016 Sep 25, 2016 Jun 26, 2016 Mar 27, 2016 Dec 31, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015
Selected Financial Data (US$ in millions)
Current maturities of long-term debt 1,000  500  1,250  1,250  900  900  1,300  1,500  1,240  750  750  750  —  —  —  —  —  502  956  956  952  452  — 
Long-term debt, net, excluding current maturities 11,675  12,174  11,439  11,404  12,652  12,637  12,621  12,604  13,486  13,479  13,473  13,513  14,268  14,283  14,276  14,282  14,304  14,307  14,320  14,305  7,460  7,950  8,404 
Total debt 12,675  12,674  12,689  12,654  13,552  13,537  13,921  14,104  14,726  14,229  14,223  14,263  14,268  14,283  14,276  14,282  14,304  14,809  15,276  15,261  8,412  8,402  8,404 
 
Stockholders’ equity (deficit) 4,953  3,751  3,446  3,127  3,893  2,850  2,465  1,394  943  416  (182) (683) 2,098  1,265  1,483  1,511  2,323  2,997  3,177  3,097  2,813  2,982  3,520 
Solvency Ratio
Debt to equity1 2.56 3.38 3.68 4.05 3.48 4.75 5.65 10.12 15.62 34.20 6.80 11.29 9.63 9.45 6.16 4.94 4.81 4.93 2.99 2.82 2.39
Benchmarks
Debt to Equity, Competitors2
Boeing Co. 117.95 40.85 10.19 31.32 9.92 113.67 12.18 5.01 18.83 2.46 1.57 1.34 1.44 1.14
General Dynamics Corp. 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
Northrop Grumman Corp. 1.53 1.65 1.78 1.57 1.43 1.56 1.65 1.76 1.58 1.84 1.99 2.17 1.09 1.20 1.27 1.34 1.11 1.12 1.14 1.18 1.15 1.06 0.97
Raytheon Technologies Corp. 0.48 0.49 1.18 1.04 1.10 1.11 1.14 1.18 1.24 0.90 0.90 0.93 0.91 0.94 0.89 0.87 0.78 0.77 0.81 0.75 0.74 0.74 0.77

Based on: 10-Q (filing date: 2020-10-22), 10-Q (filing date: 2020-07-21), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-07), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-06), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-22), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22).

1 Q3 2020 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity (deficit)
= 12,675 ÷ 4,953 = 2.56

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. Lockheed Martin Corp.’s debt to equity ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Debt to Capital

Lockheed Martin Corp., debt to capital calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Jun 24, 2018 Mar 25, 2018 Dec 31, 2017 Sep 24, 2017 Jun 25, 2017 Mar 26, 2017 Dec 31, 2016 Sep 25, 2016 Jun 26, 2016 Mar 27, 2016 Dec 31, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015
Selected Financial Data (US$ in millions)
Current maturities of long-term debt 1,000  500  1,250  1,250  900  900  1,300  1,500  1,240  750  750  750  —  —  —  —  —  502  956  956  952  452  — 
Long-term debt, net, excluding current maturities 11,675  12,174  11,439  11,404  12,652  12,637  12,621  12,604  13,486  13,479  13,473  13,513  14,268  14,283  14,276  14,282  14,304  14,307  14,320  14,305  7,460  7,950  8,404 
Total debt 12,675  12,674  12,689  12,654  13,552  13,537  13,921  14,104  14,726  14,229  14,223  14,263  14,268  14,283  14,276  14,282  14,304  14,809  15,276  15,261  8,412  8,402  8,404 
Stockholders’ equity (deficit) 4,953  3,751  3,446  3,127  3,893  2,850  2,465  1,394  943  416  (182) (683) 2,098  1,265  1,483  1,511  2,323  2,997  3,177  3,097  2,813  2,982  3,520 
Total capital 17,628  16,425  16,135  15,781  17,445  16,387  16,386  15,498  15,669  14,645  14,041  13,580  16,366  15,548  15,759  15,793  16,627  17,806  18,453  18,358  11,225  11,384  11,924 
Solvency Ratio
Debt to capital1 0.72 0.77 0.79 0.80 0.78 0.83 0.85 0.91 0.94 0.97 1.01 1.05 0.87 0.92 0.91 0.90 0.86 0.83 0.83 0.83 0.75 0.74 0.70
Benchmarks
Debt to Capital, Competitors2
Boeing Co. 1.23 1.33 1.46 1.20 1.38 0.99 0.98 1.12 1.13 0.91 0.97 0.91 1.23 0.99 0.92 0.83 0.95 0.71 0.61 0.57 0.59 0.53
General Dynamics Corp. 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
Northrop Grumman Corp. 0.61 0.62 0.64 0.61 0.59 0.61 0.62 0.64 0.61 0.65 0.67 0.68 0.52 0.54 0.56 0.57 0.53 0.53 0.53 0.54 0.53 0.51 0.49
Raytheon Technologies Corp. 0.32 0.33 0.54 0.51 0.52 0.53 0.53 0.54 0.55 0.47 0.47 0.48 0.48 0.48 0.47 0.46 0.44 0.44 0.45 0.43 0.43 0.42 0.43

Based on: 10-Q (filing date: 2020-10-22), 10-Q (filing date: 2020-07-21), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-07), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-06), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-22), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22).

1 Q3 2020 Calculation
Debt to capital = Total debt ÷ Total capital
= 12,675 ÷ 17,628 = 0.72

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. Lockheed Martin Corp.’s debt to capital ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Debt to Assets

Lockheed Martin Corp., debt to assets calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Jun 24, 2018 Mar 25, 2018 Dec 31, 2017 Sep 24, 2017 Jun 25, 2017 Mar 26, 2017 Dec 31, 2016 Sep 25, 2016 Jun 26, 2016 Mar 27, 2016 Dec 31, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015
Selected Financial Data (US$ in millions)
Current maturities of long-term debt 1,000  500  1,250  1,250  900  900  1,300  1,500  1,240  750  750  750  —  —  —  —  —  502  956  956  952  452  — 
Long-term debt, net, excluding current maturities 11,675  12,174  11,439  11,404  12,652  12,637  12,621  12,604  13,486  13,479  13,473  13,513  14,268  14,283  14,276  14,282  14,304  14,307  14,320  14,305  7,460  7,950  8,404 
Total debt 12,675  12,674  12,689  12,654  13,552  13,537  13,921  14,104  14,726  14,229  14,223  14,263  14,268  14,283  14,276  14,282  14,304  14,809  15,276  15,261  8,412  8,402  8,404 
 
Total assets 50,773  49,603  49,248  47,528  49,275  47,840  47,684  44,876  45,495  45,125  46,634  46,521  48,946  48,711  48,836  47,806  48,739  50,408  50,158  49,128  39,617  39,848  39,752 
Solvency Ratio
Debt to assets1 0.25 0.26 0.26 0.27 0.28 0.28 0.29 0.31 0.32 0.32 0.30 0.31 0.29 0.29 0.29 0.30 0.29 0.29 0.30 0.31 0.21 0.21 0.21
Benchmarks
Debt to Assets, Competitors2
Boeing Co. 0.38 0.27 0.20 0.19 0.15 0.12 0.12 0.10 0.11 0.11 0.12 0.12 0.12 0.12 0.11 0.12 0.12 0.11 0.11 0.09 0.09 0.09
General Dynamics Corp. 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
Northrop Grumman Corp. 0.36 0.37 0.37 0.34 0.34 0.36 0.36 0.38 0.38 0.40 0.44 0.44 0.27 0.27 0.28 0.28 0.27 0.27 0.27 0.27 0.27 0.27 0.26
Raytheon Technologies Corp. 0.20 0.20 0.33 0.31 0.32 0.33 0.33 0.34 0.35 0.28 0.28 0.28 0.28 0.28 0.27 0.27 0.25 0.25 0.26 0.23 0.25 0.24 0.24

Based on: 10-Q (filing date: 2020-10-22), 10-Q (filing date: 2020-07-21), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-07), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-06), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-22), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22).

1 Q3 2020 Calculation
Debt to assets = Total debt ÷ Total assets
= 12,675 ÷ 50,773 = 0.25

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. Lockheed Martin Corp.’s debt to assets ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Financial Leverage

Lockheed Martin Corp., financial leverage calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Jun 24, 2018 Mar 25, 2018 Dec 31, 2017 Sep 24, 2017 Jun 25, 2017 Mar 26, 2017 Dec 31, 2016 Sep 25, 2016 Jun 26, 2016 Mar 27, 2016 Dec 31, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015
Selected Financial Data (US$ in millions)
Total assets 50,773  49,603  49,248  47,528  49,275  47,840  47,684  44,876  45,495  45,125  46,634  46,521  48,946  48,711  48,836  47,806  48,739  50,408  50,158  49,128  39,617  39,848  39,752 
Stockholders’ equity (deficit) 4,953  3,751  3,446  3,127  3,893  2,850  2,465  1,394  943  416  (182) (683) 2,098  1,265  1,483  1,511  2,323  2,997  3,177  3,097  2,813  2,982  3,520 
Solvency Ratio
Financial leverage1 10.25 13.22 14.29 15.20 12.66 16.79 19.34 32.19 48.24 108.47 23.33 38.51 32.93 31.64 20.98 16.82 15.79 15.86 14.08 13.36 11.29
Benchmarks
Financial Leverage, Competitors2
Boeing Co. 961.67 346.19 92.92 260.09 83.80 943.93 110.16 42.58 153.18 22.64 14.90 14.69 15.66 12.37
General Dynamics Corp. 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
Northrop Grumman Corp. 4.28 4.48 4.77 4.66 4.17 4.30 4.55 4.60 4.17 4.54 4.53 4.95 4.08 4.36 4.57 4.87 4.18 4.24 4.26 4.43 4.21 3.98 3.74
Raytheon Technologies Corp. 2.37 2.40 3.54 3.34 3.44 3.41 3.46 3.49 3.58 3.24 3.24 3.27 3.22 3.33 3.28 3.25 3.09 3.08 3.12 3.20 3.02 3.05 3.19

Based on: 10-Q (filing date: 2020-10-22), 10-Q (filing date: 2020-07-21), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-07), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-06), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-22), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22).

1 Q3 2020 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity (deficit)
= 50,773 ÷ 4,953 = 10.25

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. Lockheed Martin Corp.’s financial leverage ratio decreased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Interest Coverage

Lockheed Martin Corp., interest coverage calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Jun 24, 2018 Mar 25, 2018 Dec 31, 2017 Sep 24, 2017 Jun 25, 2017 Mar 26, 2017 Dec 31, 2016 Sep 25, 2016 Jun 26, 2016 Mar 27, 2016 Dec 31, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015
Selected Financial Data (US$ in millions)
Net earnings 1,698  1,626  1,717  1,498  1,608  1,420  1,704  1,253  1,473  1,163  1,157  (642) 939  942  763  988  2,395  1,021  898  933  865  929  878 
Less: Net earnings (loss) from discontinued operations (55) —  —  —  —  —  —  —  —  —  —  73  —  —  —  29  1,306  122  92  —  —  —  — 
Add: Income tax expense 303  336  313  334  173  263  241  230  102  257  203  2,407  320  381  232  296  338  311  188  230  386  414  388 
Add: Interest expense 145  149  148  157  162  163  171  171  177  165  155  174  162  160  155  171  162  165  165  142  104  104  93 
Earnings before interest and tax (EBIT) 2,201  2,111  2,178  1,989  1,943  1,846  2,116  1,654  1,752  1,585  1,515  1,866  1,421  1,483  1,150  1,426  1,589  1,375  1,159  1,305  1,355  1,447  1,359 
Solvency Ratio
Interest coverage1 14.16 13.35 12.63 12.09 11.33 10.80 10.39 9.74 10.01 9.74 9.65 9.09 8.46 8.72 8.48 8.37 8.56 9.02 10.23 12.34
Benchmarks
Interest Coverage, Competitors2
Boeing Co. -3.86 -6.13 -2.19 7.42 10.37 23.33 25.39 26.65 29.22 30.13 28.90 27.52 26.68 19.08 19.19 16.26 18.00 25.21 27.01
Northrop Grumman Corp. 6.07 6.15 5.98 5.83 7.52 7.96 7.78 7.66 8.24 7.94 8.65 9.47 11.34 11.25 11.07 10.71 10.35 10.19 10.18 10.27

Based on: 10-Q (filing date: 2020-10-22), 10-Q (filing date: 2020-07-21), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-07), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-06), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-22), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22).

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)
= (2,201 + 2,111 + 2,178 + 1,989) ÷ (145 + 149 + 148 + 157) = 14.16

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. Lockheed Martin Corp.’s interest coverage ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.