Gen Digital Inc. (GEN)
Debt-to-equity 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-equity ratio | 3.84 | 4.33 | — | — | 346.50 |
March 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $8,429,000K ÷ $2,197,000K
= 3.84
The debt-to-equity ratio of Gen Digital Inc. has exhibited a declining trend over the past few years, indicating a reduction in the company's reliance on debt financing in relation to its equity. In particular, the ratio decreased from 346.50 in 2020 to 3.84 in 2024, reflecting a significant improvement in the company's financial leverage position. This decrease suggests that Gen Digital Inc. has been paying off debt or raising more equity capital to strengthen its balance sheet and reduce financial risk. However, the ratio increased in 2023 to 4.33 before resuming its downward trajectory in 2024. Overall, the declining trend in the debt-to-equity ratio indicates a favorable shift towards a more balanced capital structure and improved financial health for Gen Digital Inc.
Peer comparison
Mar 31, 2024