Genpact Limited (G)
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 | 1,195,270 | 824,720 | 1,249,150 | 1,272,480 | 1,307,370 |
| Total assets | US$ in thousands | 4,987,150 | 4,805,710 | 4,588,810 | 4,975,270 | 4,873,510 |
| Debt-to-assets ratio | 0.24 | 0.17 | 0.27 | 0.26 | 0.27 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,195,270K ÷ $4,987,150K
= 0.24
The debt-to-assets ratio for Genpact Limited decreased slightly from 0.27 as of December 31, 2020, to 0.26 as of December 31, 2021, before rising back to 0.27 as of December 31, 2022. There was a notable decrease in the ratio to 0.17 as of December 31, 2023, indicating a lower level of debt relative to the company's total assets. However, the ratio increased again to 0.24 as of December 31, 2024.
Overall, the trend in the debt-to-assets ratio suggests that Genpact Limited has maintained a relatively conservative capital structure over the years, with the company utilizing a moderate level of debt compared to its total assets. The significant decrease in the ratio in 2023 may indicate a strategic effort to reduce debt levels or optimize the asset base. Further analysis of the company's financial performance and capital management strategies would provide additional insights into the factors driving these fluctuations in the debt-to-assets ratio.
Peer comparison
Dec 31, 2024