Baker Hughes Co (BKR)

Debt-to-assets ratio

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Long-term debt US$ in thousands
Total assets US$ in thousands 36,945,000 36,550,000 36,093,000 35,042,000 34,181,000 33,165,000 33,753,000 34,994,000 35,308,000 35,772,000 36,669,000 36,836,000 38,007,000 37,339,000 37,523,000 37,229,000 53,369,000 52,549,000 52,876,000 53,129,000
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 for Baker Hughes Co has shown a consistent trend over the past eight quarters, ranging from 0.16 to 0.20. A lower ratio indicates a lower percentage of the company's assets financed by debt.

In the latest quarter, Q4 2023, the debt-to-assets ratio improved to 0.16, suggesting a lower reliance on debt to finance its assets compared to the previous quarter. This could be a positive sign for investors and stakeholders as it indicates better financial health and less financial risk.

Overall, Baker Hughes Co has maintained a relatively stable debt-to-assets ratio around 0.19, demonstrating a prudent approach to managing its debt levels in relation to its total assets. Investors may view this consistency favorably as it indicates a balanced approach to capital structure management.


Peer comparison

Dec 31, 2023