GE HealthCare Technologies Inc. (GEHC)
Financial leverage ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 32,454,000 | 32,382,000 | 32,311,000 | 32,637,000 | 27,539,000 |
| Total stockholders’ equity | US$ in thousands | 7,133,000 | 7,131,000 | 7,102,000 | 6,690,000 | 9,357,000 |
| Financial leverage ratio | 4.55 | 4.54 | 4.55 | 4.88 | 2.94 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $32,454,000K ÷ $7,133,000K
= 4.55
The financial leverage ratio for GE HealthCare Technologies Inc. has shown variations over the past five quarters. The ratio was relatively stable from December 2022 to June 2023, ranging between 4.54 and 4.55. However, there was a significant increase in the ratio in the first quarter of 2023, reaching 4.88, indicating a higher level of financial leverage during that period. This sudden change in the financial leverage ratio may suggest the company took on additional debt or experienced a decrease in equity during that quarter.
It is essential for stakeholders to monitor the company's financial leverage ratio closely, as high leverage levels can indicate increased financial risk and potential difficulty in meeting debt obligations. Further analysis of the company's debt structure and financial performance is recommended to gain a comprehensive understanding of its financial health and risk profile.
Peer comparison
Dec 31, 2023