Genuine Parts Co (GPC)

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	3,550,930	2,963,450	2,986,140	3,094,320	3,076,790	3,231,670	3,304,220	3,387,850	2,409,360	2,432,540	2,472,980	2,458,020	2,516,610	2,700,620	2,727,930	2,726,390	2,802,060	2,795,880	2,871,110	2,389,240
Total stockholders’ equity	US$ in thousands	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	3,674,710	3,642,190	3,665,330	3,550,930
Debt-to-equity ratio		0.81	0.71	0.73	0.79	0.81	0.88	0.91	0.94	0.69	0.76	0.76	0.74	0.79	0.90	0.96	0.80	0.76	0.77	0.78	0.67

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,550,930K ÷ $4,401,050K
= 0.81

The debt-to-equity ratio of Genuine Parts Co. fluctuated over the past eight quarters, ranging from 0.79 to 0.98. A higher debt-to-equity ratio indicates that the company is relying more on debt financing as compared to equity financing.

In Q3 2023 and Q2 2023, the company had lower debt-to-equity ratios of 0.79 and 0.84, respectively, which may suggest a better balance between debt and equity in its capital structure. However, in Q1 2022 and Q2 2022, the ratios were higher at 0.98 and 0.91, indicating a higher proportion of debt relative to equity.

Overall, while Genuine Parts Co. maintained a relatively stable debt-to-equity ratio over the quarters, investors and analysts may need to monitor these fluctuations to assess the company's financial leverage and risk management strategies.