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GE Aerospace (LIM:GE) Cash-to-Debt

: 0.99 (As of Dec. 2023)
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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. GE Aerospace's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.99.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, GE Aerospace couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for GE Aerospace's Cash-to-Debt or its related term are showing as below:

LIM:GE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.4   Med: 0.62   Max: 0.99
Current: 0.99

During the past 13 years, GE Aerospace's highest Cash to Debt Ratio was 0.99. The lowest was 0.40. And the median was 0.62.

LIM:GE's Cash-to-Debt is ranked better than
54.19% of 310 companies
in the Aerospace & Defense industry
Industry Median: 0.78 vs LIM:GE: 0.99

GE Aerospace Cash-to-Debt Historical Data

The historical data trend for GE Aerospace's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

GE Aerospace Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.50 0.56 0.74 0.90 0.99

GE Aerospace Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash-to-Debt Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.90 1.11 1.09 0.97 0.99

Competitive Comparison

For the Aerospace & Defense subindustry, GE Aerospace's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


GE Aerospace Cash-to-Debt Distribution

For the Aerospace & Defense industry and Industrials sector, GE Aerospace's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where GE Aerospace's Cash-to-Debt falls into.



GE Aerospace Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

GE Aerospace's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

GE Aerospace's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

* 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.


GE Aerospace  (LIM:GE) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.


GE Aerospace Cash-to-Debt Related Terms

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GE Aerospace (LIM:GE) Business Description

Address
5 Necco Street, Boston, MA, USA, 02210
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.