GE Aerospace (GE)

Debt-to-assets ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	163,045,000	156,662,000	163,006,000	164,472,000	188,851,000	180,877,000	185,540,000	191,961,000	198,874,000	237,133,000	237,559,000	245,164,000	256,211,000	254,315,000	256,487,000	262,021,000	265,177,000	263,009,000	312,109,000	315,082,000
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $163,045,000K
= 0.00

The debt-to-assets ratio of General Electric Co. has ranged between 0.14 and 0.18 over the past eight quarters. This ratio indicates the proportion of the company's assets financed through debt, with a lower ratio suggesting lesser reliance on debt financing.

The downward trend from Q4 2022 to Q1 2023, where the ratio decreased from 0.17 to 0.14, indicates a reduction in the company's debt relative to its total assets during this period. This may imply improved financial stability and a lower risk of financial distress for the company.

However, the subsequent slight fluctuations between 0.14 and 0.16 post-Q1 2023 suggest a relative stability in the company's debt and asset composition. The ratios averaging around 0.15 to 0.16 over these quarters indicate a consistent level of debt relative to the company's assets.

Overall, with a debt-to-assets ratio fluctuating within a narrow range, General Electric Co. appears to have a balanced capital structure with a moderate level of debt financing when compared to its total assets.