General Dynamics Corporation (GD)
Debt-to-equity 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-equity ratio | 0.33 | 0.32 | 0.33 | 0.41 | 0.41 | 0.46 | 0.47 | 0.48 | 0.50 | 0.52 | 0.56 | 0.58 | 0.59 | 0.73 | 0.75 | 0.65 | 0.64 | 0.66 | 0.73 | 0.95 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $7,260,000K ÷ $22,063,000K
= 0.33
General Dynamics Corporation's debt-to-equity ratio has shown a decreasing trend over the period from March 31, 2020, to December 31, 2024. The ratio has declined from 0.95 in March 2020 to 0.33 in December 2024. This indicates that the company has been gradually reducing its level of debt relative to its equity over time, which could be viewed positively by investors and creditors. A decreasing debt-to-equity ratio may signify improved financial stability and risk management, as the company relies less on debt financing and has a stronger equity position. Overall, the declining trend in General Dynamics Corporation's debt-to-equity ratio suggests a favorable financial position and better risk management strategy.
Peer comparison
Dec 31, 2024
See also:
General Dynamics Corporation Debt to Equity (Quarterly Data)