GE HealthCare Technologies Inc. (GEHC)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | 7,449,000 | 8,436,000 | 8,234,000 |
| Total assets | US$ in thousands | 33,089,000 | 32,454,000 | 27,539,000 |
| Debt-to-assets ratio | 0.23 | 0.26 | 0.30 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $7,449,000K ÷ $33,089,000K
= 0.23
The debt-to-assets ratio of GE HealthCare Technologies Inc. has been gradually decreasing over the past three years. As of December 31, 2022, the ratio stood at 0.30, indicating that 30% of the company's assets were financed by debt. By December 31, 2023, this ratio slightly improved to 0.26, showing a lower reliance on debt to fund its assets. Subsequently, by the end of December 31, 2024, the ratio further decreased to 0.23, suggesting that the company has been effectively managing its debt levels relative to its asset base. This trend indicates a positive financial position for GE HealthCare Technologies Inc. as they have been reducing their debt burden in relation to their total assets over the years.
Peer comparison
Dec 31, 2024