GE Vernova LLC (GEV)
Debt-to-capital ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | ||
|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 9,504,000 | 9,067,000 | 8,974,000 | 8,968,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $9,504,000K)
= 0.00
The debt-to-capital ratio for GE Vernova LLC has been consistently at 0.00 for the periods ending December 31, 2023, March 31, 2024, June 30, 2024, and September 30, 2024. This indicates that the company has not utilized any debt financing in its capital structure during these periods. A debt-to-capital ratio of 0% suggests that the company's capital is entirely financed by equity, which may imply lower financial risk and lower interest expenses. However, it's essential to consider other factors such as the company's industry norms, growth plans, and profitability to gain a more holistic view of its financial health and strategy.
Peer comparison
Sep 30, 2024