Graham Holdings Co (GHC)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 4,256,660 | 4,004,300 | 3,968,090 | 4,043,490 | 3,975,740 | 3,688,500 | 3,809,480 | 3,747,220 | 3,731,380 | 4,259,710 | 4,308,690 | 4,460,160 | 4,399,580 | 3,963,840 | 3,968,090 | 3,857,620 | 3,759,300 | 3,239,810 | 3,206,670 | 3,206,060 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $4,256,660K
= 0.00
The debt-to-equity ratio for Graham Holdings Co has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations during this period. A debt-to-equity ratio of 0.00 signifies that the company's total liabilities are zero in comparison to its equity, implying that the company relies solely on equity financing.
While a low or zero debt-to-equity ratio could be seen as a positive indicator of financial stability and solvency, it may also imply missed opportunities for leveraging debt to potentially enhance returns. However, it is essential to consider the industry norms and the company's specific circumstances when evaluating the significance of such a low debt-to-equity ratio.
Overall, the consistent 0.00 debt-to-equity ratio suggests that Graham Holdings Co has maintained a conservative approach to financial management, possibly prioritizing financial security and stability while foregoing the benefits of leverage.
Peer comparison
Dec 31, 2024