Graham Holdings Co (GHC)

Debt-to-assets ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	7,677,200	7,420,820	7,234,050	7,255,130	7,187,730	6,689,190	6,603,960	6,542,200	6,582,220	7,277,130	7,161,300	7,360,140	7,425,520	6,679,470	6,576,540	6,518,420	6,444,120	5,811,510	5,672,320	5,645,820
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $7,677,200K
= 0.00

The debt-to-assets ratio for Graham Holdings Co has consistently been reported as 0.00 for each quarter from March 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 typically suggests that the company is operating with a conservative financial structure and relies more on equity funding rather than debt financing. This may imply lower financial risk and a higher degree of financial stability for the company, as it is not excessively leveraged. However, it is important to consider that a very low debt-to-assets ratio could also signal missed opportunities for leveraging debt to potentially enhance returns for shareholders in a low-interest-rate environment. Overall, the consistent 0.00 debt-to-assets ratio reflects Graham Holdings Co's cautious approach to debt management over the analyzed period.