Generac Holdings Inc (GNRC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,494,280 | 2,409,440 | 2,369,710 | 2,367,400 | 2,340,250 | 2,363,910 | 2,419,280 | 2,339,160 | 2,257,380 | 2,318,530 | 2,418,880 | 2,308,130 | 2,213,770 | 1,782,070 | 1,655,900 | 1,524,730 | 1,390,290 | 1,230,190 | 1,097,730 | 1,023,640 |
| Debt-to-capital ratio | 0.33 | 0.36 | 0.37 | 0.38 | 0.38 | 0.00 | 0.00 | 0.00 | 0.38 | 0.00 | 0.00 | 0.08 | 0.28 | 0.31 | 0.32 | 0.35 | 0.37 | 0.00 | 0.43 | 0.44 |
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 shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio decreased from 0.44 as of March 31, 2020, to 0.28 as of December 31, 2021, indicating a downward trend in the proportion of debt to total capital during this period.
However, the ratio saw a spike to 0.38 as of December 31, 2022 and then remained relatively stable around this level for the subsequent periods up to December 31, 2024. The ratios of 0.38 as of December 31, 2022, and March 31, 2024, indicated a temporary increase in the debt-to-capital ratio.
It's worth noting that the company's debt-to-capital ratio plummeted to 0.00 for the quarters ending September 30, 2020, June 30, 2022, September 30, 2022, March 31, 2023, and June 30, 2023. This could be due to fluctuations in the company's debt and capital structure during those specific periods.
In conclusion, Generac Holdings Inc's debt-to-capital ratio has shown variability over the years, with occasional increases and decreases. It is important for investors and stakeholders to monitor this ratio to assess the company's leverage and financial risk.
Peer comparison
Dec 31, 2024