Baker Hughes Co (BKR)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 38,363,000 | 36,945,000 | 34,181,000 | 35,308,000 | 38,007,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $38,363,000K
= 0.00
Based on the provided data, Baker Hughes Co has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. This implies that the company has no debt relative to its total assets during this period. A debt-to-assets ratio of 0.00 indicates that all the company's assets are financed by equity rather than debt. This can be viewed positively as it suggests a low financial risk and potentially strong financial stability for Baker Hughes Co. It also indicates that the company may have a solid financial position and may not be overly reliant on borrowing to finance its operations and investments.
Peer comparison
Dec 31, 2024