GE Aerospace (XPAR:GNE) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is GE Aerospace LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. GE Aerospace's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

GE Aerospace's long-term debt to total assets ratio declined from Mar. 2023 (0.12) to Mar. 2024 (0.12). It may suggest that GE Aerospace is progressively becoming less dependent on debt to grow their business.

GE Aerospace LT-Debt-to-Total-Asset Historical Data

The historical data trend for GE Aerospace's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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GE Aerospace LT-Debt-to-Total-Asset Chart

GE Aerospace Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.25

0.29

0.17

0.12

0.13

GE Aerospace Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.12	0.12	0.13	0.12

GE Aerospace LT-Debt-to-Total-Asset Calculation

GE Aerospace's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	19884.228	/	149512.265
	=	0.13

GE Aerospace's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	17933.56	/	150826.64
	=	0.12

GE Aerospace (XPAR:GNE) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

GE Aerospace LT-Debt-to-Total-Asset Related Terms

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GE Aerospace (XPAR:GNE) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » GE Aerospace (XPAR:GNE) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

GE:USA GE:Peru GE:Mexico 1GE:Italy GEC:UK GCP:Germany GE:Chile GE:Switzerland GEOO34:Brazil GE:Argentina

Address

5 Necco Street, Boston, MA, USA, 02210

Website

https://www.ge.com

GE was formed through the combination of two companies in 1892, including one with historical ties to American inventor Thomas Edison. Today, GE is a global leader in air travel and in the energy transition. The company is known for its differentiated technology and its massive industrial installed base of equipment sprawled throughout the world. That installed base most notably includes aerospace engines, gas and steam turbines, and onshore and offshore wind turbines. GE earns most of its profits on the service revenue of that equipment, which is generally higher-margin. The company is led by Danaher alumnus Larry Culp, who is leading a multiyear turnaround of the conglomerate based on lean principles.