General Dynamics Corporation (GD)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 7,260,000 | 7,262,000 | 7,257,000 | 8,752,000 | 8,754,000 | 9,248,000 | 9,247,000 | 9,245,000 | 9,243,000 | 9,239,000 | 9,741,000 | 10,491,000 | 10,490,000 | 11,485,000 | 11,485,000 | 9,995,000 | 9,995,000 | 9,978,000 | 10,470,000 | 12,951,000 |
| Total assets | US$ in thousands | 55,880,000 | 57,312,000 | 55,442,000 | 55,246,000 | 54,810,000 | 53,525,000 | 52,556,000 | 52,096,000 | 51,585,000 | 51,116,000 | 50,481,000 | 50,876,000 | 50,073,000 | 51,370,000 | 51,183,000 | 49,963,000 | 51,308,000 | 50,258,000 | 50,222,000 | 53,710,000 |
| Debt-to-assets ratio | 0.13 | 0.13 | 0.13 | 0.16 | 0.16 | 0.17 | 0.18 | 0.18 | 0.18 | 0.18 | 0.19 | 0.21 | 0.21 | 0.22 | 0.22 | 0.20 | 0.19 | 0.20 | 0.21 | 0.24 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $7,260,000K ÷ $55,880,000K
= 0.13
General Dynamics Corporation's debt-to-assets ratio has shown a declining trend over the past few years, indicating improved financial health and reduced leverage. The ratio decreased from 0.24 as of March 31, 2020, to 0.13 as of December 31, 2024. This suggests that the company has been effectively managing its debt relative to its total assets, thereby potentially reducing financial risk and increasing solvency. The decreasing trend in the debt-to-assets ratio signifies that General Dynamics has become less reliant on debt financing to support its operations and investments. It shows the company's ability to maintain a strong balance sheet and efficiently utilize its assets to generate returns. Overall, the declining debt-to-assets ratio reflects positively on General Dynamics' financial stability and management of capital structure.
Peer comparison
Dec 31, 2024
See also:
General Dynamics Corporation Debt to Assets (Quarterly Data)