Gen Digital Inc. (GEN)

Debt-to-assets ratio

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jul 5, 2019
Long-term debt	US$ in thousands	8,429,000	9,081,000	9,333,000	9,327,000	9,529,000	9,831,000	9,883,000	2,714,000	2,736,000	2,757,000	2,779,000	3,422,000	3,288,000	3,542,000	3,556,000	2,841,000	3,465,000	3,719,000	3,219,000	3,964,000
Total assets	US$ in thousands	15,772,000	16,282,000	16,411,000	15,787,000	15,947,000	15,503,000	15,882,000	6,247,000	6,943,000	6,873,000	6,733,000	6,565,000	6,361,000	6,357,000	6,313,000	6,405,000	7,735,000	18,547,000	16,229,000	15,369,000
Debt-to-assets ratio		0.53	0.56	0.57	0.59	0.60	0.63	0.62	0.43	0.39	0.40	0.41	0.52	0.52	0.56	0.56	0.44	0.45	0.20	0.20	0.26

March 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $8,429,000K ÷ $15,772,000K
= 0.53

Gen Digital Inc.'s debt-to-assets ratio has shown fluctuations over the past quarters, indicating changes in the company's leverage and financial risk. The ratio ranged from 0.20 to 0.63 during the period from July 2019 to March 2024.

The trend suggests an overall increase in leverage from a low of 0.20 in September 2019 to a peak of 0.63 in December 2022 before slightly declining. A higher debt-to-assets ratio indicates that a larger portion of the company's assets is financed by debt, reflecting potentially higher financial risk and lower solvency.

The company experienced a significant increase in leverage in late 2022, reaching a ratio of 0.63, which may have been a result of increased borrowing or a decrease in asset values. The subsequent decline in the ratio towards 0.53 in March 2024 could indicate efforts to reduce debt levels or improve asset management.

It is essential for stakeholders to monitor Gen Digital Inc.'s debt-to-assets ratio closely to assess the company's financial health, risk exposure, and ability to meet its obligations. The trend in the ratio provides valuable insights into the company's capital structure and financial leverage dynamics.