I partly disagree to what others said. Of course it can work out the way you drew it if someone manages to balance the lines and the size of the crosshair. If the text is not too far appart, the font has the right size and more importantly: A good font was chosen. It can look good.

If you need it to be 4:1 or even 5:1 - it's true. It is not feasible. The question is just: What do you need the logo for? If your goal is to have it as small as possible or fit in any layout - then it would of course be best if it would be only one line. Like many people did. If that's not required it doesn't matter.