Generac Holdings Inc (GNRC)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,211,250 | 1,434,820 | 1,370,970 | 882,060 | 833,990 |
| Total stockholders’ equity | US$ in thousands | 2,494,280 | 2,340,250 | 2,257,380 | 2,213,770 | 1,390,290 |
| Debt-to-capital ratio | 0.33 | 0.38 | 0.38 | 0.28 | 0.37 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,211,250K ÷ ($1,211,250K + $2,494,280K)
= 0.33
Generac Holdings Inc's debt-to-capital ratio has fluctuated over the years, as per the provided data. The ratio decreased from 0.37 as of December 31, 2020, to 0.28 as of December 31, 2021, indicating a reduction in debt relative to the company's total capital.
However, there was an increase in the debt-to-capital ratio in the subsequent years, reaching 0.38 as of December 31, 2022 and December 31, 2023. This suggests that the company may have taken on more debt compared to its capital during those periods.
By December 31, 2024, the debt-to-capital ratio declined to 0.33, showing a slight improvement from the previous year. Overall, the trend in Generac Holdings Inc's debt-to-capital ratio reflects fluctuations in the company's leverage position over the analyzed period.
Peer comparison
Dec 31, 2024