GE HealthCare Technologies Inc. (GEHC)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 7,133,000 | 7,131,000 | 7,102,000 | 6,690,000 | 9,357,000 |
| Debt-to-equity ratio | 1.18 | 1.44 | 1.44 | 1.53 | 0.88 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $8,436,000K ÷ $7,133,000K
= 1.18
The debt-to-equity ratio of GE HealthCare Technologies Inc. has exhibited some fluctuations over the past year. In December 2022, the ratio was at its lowest point at 0.88, indicating a relatively conservative capital structure with lower debt compared to equity. However, this ratio increased in subsequent quarters, reaching 1.53 by March 2023, suggesting a higher level of debt relative to equity.
In the most recent quarter, as of December 2023, the debt-to-equity ratio stands at 1.18. This indicates that the company's debt levels have decreased compared to the previous quarter, leading to a more balanced mix of debt and equity in its capital structure. Overall, while the company has shown fluctuations in its debt-to-equity ratio over the past year, it is important to closely monitor this metric to assess the company's leverage and financial risk profile.
Peer comparison
Dec 31, 2023