Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Raytheon Technologies Corp. (NYSE:RTX)

Analysis of Debt

Advanced level

Total Debt (Carrying Amount)

Raytheon Technologies Corp., balance sheet: debt

US$ in millions

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Short-term borrowings 2,364  1,469  392  601  926 
Long-term debt currently due 3,496  2,876  2,104  1,603  179 
Long-term debt, excluding currently due 37,788  41,192  24,989  21,697  19,320 
Total debt (carrying amount) 43,648  45,537  27,485  23,901  20,425 

Based on: 10-K (filing date: 2020-02-06), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-09), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-11).

Debt item Description The company
Total debt (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. Raytheon Technologies Corp.’s total debt increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.

Total Debt (Fair Value)

Microsoft Excel LibreOffice Calc
Dec 31, 2019
Selected Financial Data (US$ in millions)
Short-term borrowings 2,364 
Long-term debt, including currently due, excluding finance leases 46,202 
Finance leases 85 
Total debt (fair value) 48,651 
Financial Ratio
Debt, fair value to carrying amount ratio 1.11

Based on: 10-K (filing date: 2020-02-06).

Weighted-average Interest Rate on Debt

Average interest expense rate on debt: 3.70%

Interest Rate Debt Amount1 Interest Rate × Debt Amount Weighted-average Interest Rate2
3.70% 43,648  1,615 
Total 43,648  1,615 
3.70%

Based on: 10-K (filing date: 2020-02-06).

1 US$ in millions

2 Weighted-average interest rate = 100 × 1,615 ÷ 43,648 = 3.70%