Genuine Parts Co (GPC)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 4.45 | 4.31 | 4.16 | 4.17 | 4.08 | 4.07 | 4.16 | 4.31 | 4.35 | 4.47 | 4.46 | 4.53 | 4.11 | 4.39 | 4.36 | 4.19 | 4.19 | 4.47 | 4.66 | 4.25 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $19,282,700K ÷ $4,337,410K
= 4.45
The financial leverage ratio of Genuine Parts Co has shown fluctuation over the period from March 31, 2020, to December 31, 2024. The ratio started at 4.25 in March 2020, increased to 4.66 in June 2020, and then decreased to 4.19 by December 2020. It remained relatively stable around this level until March 2021.
From June 2021 to December 2024, the financial leverage ratio experienced some variation, ranging from 4.11 to 4.53. However, overall, the ratio generally stayed within the range of 4.07 to 4.53, with some minor fluctuations in between.
This indicates that Genuine Parts Co has maintained a consistent level of financial leverage over the years, with a moderate amount of debt relative to its equity. The company's financial leverage ratio reflects its ability to meet its financial obligations and manage debt effectively, though further analysis of other financial metrics would be necessary to assess its overall financial health comprehensively.