Genuine Parts Co (GPC)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 4,337,410 | 4,401,050 | 3,790,360 | 3,490,740 | 3,204,800 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $4,337,410K)
= 0.00
The debt-to-capital ratio of Genuine Parts Co has been consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a significant source of financing in relation to its overall capital structure during this period. A debt-to-capital ratio of 0.00 signifies that the company's capital is primarily financed through equity rather than debt, which may indicate a lower financial risk and reliance on external borrowing for operations and investment. However, it's important to note that while this ratio suggests a lower debt burden, it is essential to consider other financial metrics and factors to gain a comprehensive understanding of Genuine Parts Co's overall financial health and performance.