General Dynamics Corporation (GD)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 22,063,000 | 22,973,000 | 22,036,000 | 21,410,000 | 21,299,000 | 19,957,000 | 19,478,000 | 19,087,000 | 18,568,000 | 17,651,000 | 17,381,000 | 18,014,000 | 17,641,000 | 15,721,000 | 15,321,000 | 15,340,000 | 15,661,000 | 15,140,000 | 14,306,000 | 13,609,000 |
| Debt-to-capital ratio | 0.25 | 0.24 | 0.25 | 0.29 | 0.29 | 0.32 | 0.32 | 0.33 | 0.33 | 0.34 | 0.36 | 0.37 | 0.37 | 0.42 | 0.43 | 0.39 | 0.39 | 0.40 | 0.42 | 0.49 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $7,260,000K ÷ ($7,260,000K + $22,063,000K)
= 0.25
General Dynamics Corporation's debt-to-capital ratio has shown a decreasing trend from 0.49 as of March 31, 2020, to 0.25 as of December 31, 2024. This indicates that the company has been effectively reducing its reliance on debt to finance its operations and investments in relation to its capital structure over the period. A declining debt-to-capital ratio generally suggests improved financial health and reduced financial risk, as the company is relying less on external borrowing in proportion to its total capital. It indicates that General Dynamics has been efficiently managing its debt levels and capital structure, which can positively impact its overall financial stability and creditworthiness.
Peer comparison
Dec 31, 2024
See also:
General Dynamics Corporation Debt to Capital (Quarterly Data)