GE HealthCare Technologies Inc. (GEHC)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | ||
|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 7,449,000 | 9,306,000 | 8,233,000 | 8,247,000 | 8,436,000 | 10,253,000 |
| Total assets | US$ in thousands | 33,089,000 | 33,855,000 | 31,852,000 | 32,208,000 | 32,454,000 | 32,382,000 |
| Debt-to-assets ratio | 0.23 | 0.27 | 0.26 | 0.26 | 0.26 | 0.32 |
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 exhibited a declining trend over the fiscal year 2024. Starting at 0.32 in September 2023, the ratio decreased to 0.26 by December 2023 and remained stable through March and June 2024. Subsequently, there was a slight increase to 0.27 by September 2024 followed by a significant reduction to 0.23 by December 2024.
This trend indicates that the company has been able to manage its debt levels relative to its total assets more effectively over the year, signaling a potential improvement in its financial stability and risk profile. A lower debt-to-assets ratio suggests that the company relies less on debt financing to support its operations, which can enhance its overall financial health and capacity to weather economic uncertainties. However, it is important to consider other factors such as the composition of debt and the nature of assets when evaluating the implications of this ratio.
Peer comparison
Dec 31, 2024