Generac Holdings Inc (GNRC)
Debt-to-equity 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-equity ratio | 0.49 | 0.61 | 0.61 | 0.40 | 0.60 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,211,250K ÷ $2,494,280K
= 0.49
Generac Holdings Inc's debt-to-equity ratio has fluctuated over the years based on the provided data. As of December 31, 2020, the ratio stood at 0.60, indicating that the company had a higher level of debt in relation to equity at that time.
By December 31, 2021, Generac had improved its debt-to-equity ratio to 0.40, suggesting a reduction in its reliance on debt financing relative to equity. However, this improvement was not sustained as the ratio increased to 0.61 by the end of 2022 and remained at the same level as of 2023 year-end.
The most recent data available, for December 31, 2024, shows a decrease in the debt-to-equity ratio to 0.49, indicating a potentially healthier financial structure with less reliance on debt compared to equity.
Overall, Generac Holdings Inc's debt-to-equity ratio has shown some fluctuation in recent years, with efforts made to reduce debt levels relative to equity, but with some variability in achieving this goal.
Peer comparison
Dec 31, 2024