Genuine Parts Co (GPC)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 19,282,700 | 17,968,500 | 16,495,400 | 14,352,100 | 13,440,200 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $19,282,700K
= 0.00
The debt-to-assets ratio for Genuine Parts Co has consistently been reported as 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt in relation to its total assets during these years. A debt-to-assets ratio of 0.00 typically suggests that the company is primarily financing its operations through equity rather than debt. This may signal a strong financial position and lower risk due to the lack of debt obligations. However, it's important to consider other factors such as the industry norms and the overall financial health of the company to make a more comprehensive assessment.