GE Vernova LLC (GEV)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — |
| Total stockholders’ equity | US$ in thousands | 7,416,000 | 10,650,000 | — |
| Debt-to-capital ratio | 0.00 | 0.00 | — |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $7,416,000K)
= 0.00
Based on the data provided, the debt-to-capital ratios for GE Vernova LLC for the years ended December 31, 2023 and December 31, 2022 are both reported as 0.00, indicating that the company had no debt in relation to its capital in these years. This suggests that the company primarily financed its operations using equity rather than debt. The absence of debt in the capital structure can be seen as a positive sign for the company as it indicates lower financial risk and dependency on external debt financing. However, it is noted that data for the year ended December 31, 2021 is missing, making it difficult to track historical trends in the debt-to-capital ratio. Overall, the consistent 0.00 debt-to-capital ratio for 2023 and 2022 reflects a strong equity position for GE Vernova LLC.
Peer comparison
Dec 31, 2023