GE Aerospace (GE)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 27,378,000 | 33,696,000 | 40,310,000 | 35,552,000 | 28,316,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $27,378,000K)
= 0.00
The debt-to-capital ratio of General Electric Co. has remained stable at 0.47 for the years 2021, 2022, and 2023. This suggests that the company has maintained a consistent level of debt relative to its capital structure over these years. However, there was a notable decrease from 0.67 in 2020 to 0.47 in 2021, indicating a reduction in the proportion of debt to total capital. This improvement may reflect efforts by the company to lower its debt levels or increase its capital base. Additionally, there was a further decrease in the ratio from 0.76 in 2019 to 0.67 in 2020, indicating a trend towards a more favorable debt position. Overall, the decreasing trend in the debt-to-capital ratio over the past few years suggests an improving financial health in terms of leverage for General Electric Co.
Peer comparison
Dec 31, 2023