Generac Holdings Inc (GNRC)
Debt-to-equity ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,434,820 | — | — | — | 1,370,970 | — | — | 210,000 | 882,060 | 782,925 | 781,950 | 832,075 | 833,990 | 829 | 813,400 | 798,875 | 832,236 | 881,198 | 879,000 | — |
| Total stockholders’ equity | US$ in thousands | 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 | 1,032,380 | 934,264 | 865,940 | 804,420 |
| Debt-to-equity ratio | 0.61 | 0.00 | 0.00 | 0.00 | 0.61 | 0.00 | 0.00 | 0.09 | 0.40 | 0.44 | 0.47 | 0.55 | 0.60 | 0.00 | 0.74 | 0.78 | 0.81 | 0.94 | 1.02 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,434,820K ÷ $2,340,250K
= 0.61
Generac Holdings Inc's debt-to-equity ratio has remained relatively stable around the 0.67 level in the most recent quarters of 2023, indicating that the company is relying more on debt financing compared to equity to fund its operations and growth. The slight increase in the debt-to-equity ratio from 0.63 in Q4 2022 to 0.69 in Q1 2023 may suggest a higher proportion of debt in the company's capital structure during that period.
Overall, the trend in Generac's debt-to-equity ratio over the past eight quarters reflects a moderate level of leverage, with the ratio fluctuating within a relatively narrow range between 0.47 and 0.69. It is essential for stakeholders to monitor changes in the debt-to-equity ratio over time to assess the company's financial risk and solvency position.
Peer comparison
Dec 31, 2023