Generac Holdings Inc (GNRC)
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 | 1,211,250 | 1,371,880 | 1,415,940 | 1,420,620 | 1,434,820 | — | — | — | 1,370,970 | — | — | 210,000 | 882,060 | 782,925 | 781,950 | 832,075 | 833,990 | 829 | 813,400 | 798,875 |
| Total assets | US$ in thousands | 5,109,330 | 5,186,940 | 5,118,570 | 5,129,520 | 5,093,310 | 5,166,340 | 5,321,970 | 5,211,130 | 5,169,460 | 5,246,290 | 5,472,950 | 5,151,530 | 4,877,780 | 4,100,430 | 3,706,930 | 3,422,140 | 3,235,420 | 2,974,080 | 2,767,620 | 2,654,080 |
| Debt-to-assets ratio | 0.24 | 0.26 | 0.28 | 0.28 | 0.28 | 0.00 | 0.00 | 0.00 | 0.27 | 0.00 | 0.00 | 0.04 | 0.18 | 0.19 | 0.21 | 0.24 | 0.26 | 0.00 | 0.29 | 0.30 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,211,250K ÷ $5,109,330K
= 0.24
Generac Holdings Inc's debt-to-assets ratio has shown fluctuations over the years, ranging from 0.00 to 0.30. The ratio decreased steadily from 0.30 as of March 31, 2020, to 0.18 as of December 31, 2021, signaling a decreasing reliance on debt to finance its assets. However, there was a slight increase in the ratio to 0.28 by March 31, 2024.
Overall, the trend indicates that Generac Holdings Inc has managed its debt levels effectively, maintaining a relatively low debt-to-assets ratio. A low ratio suggests that the company has a strong asset base compared to its debt obligations, indicating a lower financial risk and potentially greater stability in its financial position. However, it is essential to monitor any significant fluctuations in the debt-to-assets ratio to assess the company's ability to manage its debt effectively in the long term.
Peer comparison
Dec 31, 2024