GE Vernova LLC (GEV)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | — |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $7,416,000K
= 0.00
The debt-to-equity ratio for GE Vernova LLC has consistently been 0.00 based on the data provided for the years ending December 31, 2021, 2022, and 2023. A debt-to-equity ratio of 0.00 indicates that the company has no debt as compared to its equity during these periods. This could imply that the company has been financing its operations primarily through equity or has a very conservative debt policy. It suggests that the company may have a strong financial position with a low level of financial leverage, which can be favorable in terms of financial stability and risk management.
Peer comparison
Dec 31, 2023
Company name
Symbol
Debt-to-equity ratio
GE Vernova LLC
GEV
0.00
Emerson Electric Company
EMR
0.37
GE Aerospace
GE
0.00
Otis Worldwide Corp
OTIS
—