GE Vernova LLC (GEV)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — |
| Total assets | US$ in thousands | 46,121,000 | 44,471,000 | — |
| Debt-to-assets ratio | 0.00 | 0.00 | — |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $46,121,000K
= 0.00
The debt-to-assets ratio of GE Vernova LLC has been consistently reported as 0.00 for the years ending December 31, 2023 and December 31, 2022. This implies that the company has not utilized debt as a source of financing relative to its total assets during these years. Furthermore, the data for December 31, 2021 is not available for comparison. A debt-to-assets ratio of 0.00 indicates that the company's assets are entirely financed by equity rather than debt. While a lower debt-to-assets ratio is generally viewed positively as it signifies lower financial risk and leverage, it is important to consider the overall capital structure and cost of capital for a comprehensive assessment of the company's financial health.
Peer comparison
Dec 31, 2023