Baker Hughes Co (BKR)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 15,368,000 | 15,250,000 | 15,125,000 | 14,714,000 | 14,394,000 | 14,144,000 | 14,882,000 | 15,704,000 | 14,830,000 | 14,142,000 | 13,890,000 | 13,043,000 | 12,893,000 | 11,582,000 | 11,254,000 | 11,470,000 | 21,929,000 | 21,876,000 | 17,388,000 | 17,512,000 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $15,368,000K)
= 0.00
The debt-to-capital ratio for Baker Hughes Co has been relatively stable over the past eight quarters, ranging from 0.28 to 0.32. This indicates the proportion of the company's total debt relative to its total capital, including both debt and equity.
With a decreasing trend observed from Q4 2022 to Q1 2023, followed by a slight increase in Q2 and Q3 2023, the company has been able to effectively manage its debt in relation to its overall capital structure. A lower ratio suggests that the company relies less on debt to finance its operations and investments, which can be seen as a positive sign for financial health and risk management.
Overall, Baker Hughes Co appears to maintain a prudent balance between debt and capital, demonstrating financial stability and sound decision-making in capital structure management.
Peer comparison
Dec 31, 2023