Graham Holdings Co (GHC)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 745,082 | 570,547 | 525,752 | 506,103 | 430,650 |
| Total assets | US$ in thousands | 7,187,730 | 6,553,380 | 7,425,520 | 6,444,120 | 5,931,240 |
| Debt-to-assets ratio | 0.10 | 0.09 | 0.07 | 0.08 | 0.07 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $745,082K ÷ $7,187,730K
= 0.10
The debt-to-assets ratio of Graham Holdings Co. has been relatively stable over the past five years, ranging between 0.08 and 0.11. This indicates that the company has maintained a conservative approach towards financing its operations using debt, with a significant portion of its assets being financed through equity. The consistent low to moderate level of debt relative to assets suggests a lower risk of financial distress and indicates a strong financial position. Overall, the company's debt-to-assets ratio reflects a prudent capital structure strategy that prioritizes financial stability and resilience.
Peer comparison
Dec 31, 2023