Baker Hughes Co (BKR)

Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $15,368,000K
= 0.00

The debt-to-equity ratio of Baker Hughes Co has demonstrated a decreasing trend over the last eight quarters, indicating a favorable financial position in terms of leverage. From Q4 2022 to Q4 2023, the ratio decreased from 0.46 to 0.39, suggesting a reduction in the company's reliance on debt financing relative to shareholders' equity. This downward trend indicates that Baker Hughes Co has been progressively using less debt to finance its operations and investments, which could potentially lower the company's financial risk and increase its financial stability. Overall, the consistent decline in the debt-to-equity ratio reflects a sound capital structure management strategy by Baker Hughes Co, demonstrating improved financial health and prudent risk management practices.


Peer comparison

Dec 31, 2023