GE HealthCare Technologies Inc. (GEHC)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 8,436,000 | 10,253,000 | 10,233,000 | 10,234,000 | 8,234,000 |
| Total assets | US$ in thousands | 32,454,000 | 32,382,000 | 32,311,000 | 32,637,000 | 27,539,000 |
| Debt-to-assets ratio | 0.26 | 0.32 | 0.32 | 0.31 | 0.30 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $8,436,000K ÷ $32,454,000K
= 0.26
The debt-to-assets ratio of GE HealthCare Technologies Inc. has shown some variability over the past five quarters. It decreased from 0.30 at the end of 2022 to 0.26 at the end of 2023. This indicates that the company has reduced its reliance on debt to finance its assets during this period. However, the ratio increased to 0.32 in the second and third quarters of 2023 before dropping back to 0.31 in the first quarter.
Overall, the downward trend in the debt-to-assets ratio from 0.32 in the second quarter to 0.26 in the fourth quarter of 2023 suggests that the company has been effectively managing its debt levels relative to its asset base. Lower debt-to-assets ratios generally indicate a lower financial risk, as the company has less debt for every dollar of assets it owns. Additionally, a decreasing trend in this ratio can signal improved financial health and stability for GE HealthCare Technologies Inc.
Peer comparison
Dec 31, 2023