Genuine Parts Co (GPC)

Debt-to-capital 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 stockholders’ equity US$ in thousands 4,337,410 4,696,470 4,540,650 4,402,380 4,401,050 4,186,110 4,071,210 3,926,200 3,790,360 3,664,450 3,640,560 3,595,740 3,490,740 3,183,180 3,233,880 3,324,560 3,204,800 3,014,080 2,849,280 3,402,700
Debt-to-capital 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-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 consistently been 0.00 across all reported periods from March 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has no debt in its capital structure during these periods. This implies that Genuine Parts Co has been primarily financing its operations and investments through equity rather than debt. A debt-to-capital ratio of 0.00 may suggest a conservative financial strategy, as the company is not relying on borrowed funds to fund its operations and growth.