GE Aerospace (GE)
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 | — | — | — | — | — |
| Total assets | US$ in thousands | 123,140,000 | 173,300,000 | 188,851,000 | 198,874,000 | 256,211,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $123,140,000K
= 0.00
The debt-to-assets ratio of GE Aerospace from December 31, 2020, to December 31, 2024, remained consistent at 0.00. A debt-to-assets ratio of 0.00 indicates that the company has no debt in relation to its total assets, suggesting that GE Aerospace is financing its operations primarily through equity rather than borrowing. This signifies a strong financial position and may indicate a lower financial risk for the company, as there is no substantial debt burden to service. It also implies that the company has a higher level of ownership and control over its assets, which can be favorable for long-term stability and growth.
Peer comparison
Dec 31, 2024