Baker Hughes Co (BKR)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 36,945,000 | 34,181,000 | 35,308,000 | 38,007,000 | 53,369,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $36,945,000K
= 0.00
The debt-to-assets ratio of Baker Hughes Co has been relatively stable over the past five years, ranging from 0.12 to 0.20. A lower ratio indicates lower financial risk as it suggests a smaller proportion of total assets are financed by debt. Baker Hughes Co's ratio has consistently been below 0.20, indicating that a moderate portion of its assets are financed by debt. This suggests that the company has a relatively conservative approach to leverage, which can be viewed positively by investors and creditors. Overall, the trend in Baker Hughes Co's debt-to-assets ratio reflects a prudent balance between debt and assets in its capital structure.
Peer comparison
Dec 31, 2023