Gen Digital Inc. (GEN)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	2,197,000	2,418,000	2,414,000	2,337,000	2,200,000	1,310,000	1,698,000	-299,000	-93,000	-98,000	-232,000	-497,000	-500,000	-492,000	-476,000	-503,000	10,000	8,677,000	6,112,000	5,250,000
Debt-to-equity ratio		3.84	3.76	3.87	3.99	4.33	7.50	5.82	—	—	—	—	—	—	—	—	—	346.50	0.43	0.53	0.76

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 shown a fluctuating trend over the past quarters. The ratio stood at 3.84 as of March 31, 2024, indicating that the company had $3.84 in debt for every dollar of equity. This ratio has been relatively stable compared to prior periods, where it ranged from 3.76 to 4.33.

The significant increase in the debt-to-equity ratio observed at the end of 2022, reaching 7.50, raised concerns about the company's leverage and financial health. However, the subsequent quarters have shown a decreasing trend, suggesting that the company may be taking steps to address its high debt levels.

It is worth noting that there is missing data for the debt-to-equity ratio in some quarters, notably in the second half of 2022. This lack of data makes it challenging to provide a comprehensive analysis of the company's financial leverage during those periods.

Overall, while the recent decrease in the debt-to-equity ratio is a positive sign, further monitoring of the company's debt management practices and financial performance is recommended to assess its long-term sustainability and stability.