Gen Digital Inc. (GEN)

Debt-to-capital ratio

Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020
Long-term debt US$ in thousands 8,429,000 9,529,000 2,736,000 3,288,000 3,465,000
Total stockholders’ equity US$ in thousands 2,197,000 2,200,000 -93,000 -500,000 10,000
Debt-to-capital ratio 0.79 0.81 1.04 1.18 1.00

March 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $8,429,000K ÷ ($8,429,000K + $2,197,000K)
= 0.79

The debt-to-capital ratio of Gen Digital Inc. has shown a decreasing trend over the past three years, from 1.18 in 2021 to 0.79 in 2024. This indicates that the company has been relying less on debt to finance its operations and investments relative to its capital structure. A lower debt-to-capital ratio suggests a lower financial risk and a stronger ability to cover debt obligations using its own capital. It is also indicative of a healthier balance sheet and financial stability for the company. Gen Digital Inc. has successfully managed its leverage levels in recent years, which is a positive sign for its overall financial health and sustainability.


Peer comparison

Mar 31, 2024