Genuine Parts Co (GPC)

Debt-to-assets 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
Total assets US$ in thousands 19,282,700 20,259,200 18,869,400 18,336,500 17,968,500 17,021,900 16,941,600 16,907,500 16,495,400 16,377,100 16,238,200 16,273,300 14,352,100 13,974,900 14,086,000 13,943,500 13,440,200 13,475,500 13,264,000 14,451,400
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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

Genuine Parts Co has consistently maintained a debt-to-assets ratio of 0.00 over the past several quarters, as indicated by the financial data provided. A debt-to-assets ratio of 0.00 implies that the company has no debt relative to its total assets during these periods. This may suggest that Genuine Parts Co has a conservative financial structure with low financial leverage, which can be seen as a positive indicator of financial stability and solvency. It indicates that the company relies more on equity financing rather than debt to fund its operations and investments. However, it is essential to consider other financial metrics and ratios in conjunction with the debt-to-assets ratio to gain a comprehensive understanding of the company's financial health and performance.