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Look at Boeings liabilities/debt. Start with their balance sheet and make note of what accounts are in the liabilities section. What is the total leverage

  • Look at Boeings liabilities/debt.
    • Start with their balance sheet and make note of what accounts are in the liabilities section.
      • What is the total leverage (debt ratio)?
      • How does that compare to some of their major competitors? Are they more or less leveraged?
    • The Notes to the Financial Statementsin their 10-K and FINRA's Bond Searchare some other good places to find details about their debt.
      • What are their bond maturities?
        • Plot out the maturity structure over time (cumulative chart of how much debt is due as we move forward in time).
      • What are the coupon rates? Yields/prices? Are they trading at a premium or discount?
      • Compare with treasury yields of similar maturities. What is the credit spread (a.k.a. default spread)?
      • What are the bond ratings? What agencies rate them? Any disagreements?

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