GE Aerospace (GE)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 27,378,000 | 28,665,000 | 31,194,000 | 31,652,000 | 33,696,000 | 31,475,000 | 34,649,000 | 39,005,000 | 40,310,000 | 37,477,000 | 33,487,000 | 33,585,000 | 35,552,000 | 33,269,000 | 33,674,000 | 35,284,000 | 28,316,000 | 27,935,000 | 35,816,000 | 35,161,000 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $27,378,000K
= 0.00
The debt-to-equity ratio of General Electric Co. has shown fluctuations over the past several quarters. In Q1 2022, the ratio was at 0.86, indicating that the company had more debt relative to equity at that time. However, the ratio decreased to 0.80 in Q2 2023, implying a lower level of debt relative to equity compared to the previous quarter.
During Q3 2022, the ratio increased to 0.97, indicating a higher proportion of debt to equity, which was the highest among the reported periods. Notably, in Q4 2022, the ratio slightly decreased to 0.89, yet remained relatively high compared to the earlier quarters.
In Q1 2023, the debt-to-equity ratio decreased to 0.71, reaching the lowest level in the given period. This suggests that the company had a lower debt-to-equity ratio, indicating a stronger equity position relative to debt in that quarter.
In more recent quarters, the ratio has shown a slight upward trend, reaching 0.85 in Q3 2023 and further increasing to 0.88 in Q4 2023. These figures indicate that the company's debt level has inched higher relative to equity as of the most recent quarter.
Overall, the trend in General Electric Co.'s debt-to-equity ratio indicates some variability in the capital structure over the past few quarters, with fluctuations in the proportion of debt and equity used to finance the company's operations.
Peer comparison
Dec 31, 2023