Genuine Parts Co (Genuine Parts Co) Debt-to-Equity : 1.12 (As of Mar. 2024)

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What is Genuine Parts Co Debt-to-Equity?

Genuine Parts Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $845 Mil. Genuine Parts Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $4,100 Mil. Genuine Parts Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $4,402 Mil. Genuine Parts Co's debt to equity for the quarter that ended in Mar. 2024 was 1.12.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Genuine Parts Co's Debt-to-Equity or its related term are showing as below:

GPC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.98 Max: 1.39
Current: 1.12

During the past 13 years, the highest Debt-to-Equity Ratio of Genuine Parts Co was 1.39. The lowest was 0.20. And the median was 0.98.

GPC's Debt-to-Equity is ranked worse than
71.41% of 1004 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs GPC: 1.12

Genuine Parts Co Debt-to-Equity Historical Data

The historical data trend for Genuine Parts Co's Debt-to-Equity 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.

* Premium members only.

Genuine Parts Co Debt-to-Equity Chart

Genuine Parts Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.14

1.08

0.92

1.10

1.11

Genuine Parts Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.08	1.05	1.01	1.11	1.12

Competitive Comparison of Genuine Parts Co's Debt-to-Equity

For the Specialty Retail subindustry, Genuine Parts Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Genuine Parts Co's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Genuine Parts Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Genuine Parts Co's Debt-to-Equity falls into.

Genuine Parts Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Genuine Parts Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(355.298	+	4530.868)	/	4401.047
	=	1.11

Genuine Parts Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(845.055	+	4100.072)	/	4402.377
	=	1.12

Genuine Parts Co (NYSE:GPC) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Genuine Parts Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Genuine Parts Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Genuine Parts Co (Genuine Parts Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Genuine Parts Co (NYSE:GPC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GPT:Germany GPT:Germany

Address

2999 Wildwood Parkway, Atlanta, GA, USA, 30339

Website

https://www.genpt.com

Genuine Parts sells automotive parts (nearly two thirds of net sales) and industrial components. The company sells car and truck parts to commercial and retail customers through roughly 9,800 stores worldwide, most of which are independently owned. Its industrial unit, primarily operating under the Motion Industries banner in the United States, supplies bearings, power transmission, industrial automation, hydraulic, and pneumatic components to maintenance, repair, and original equipment manufacturer clients.

Executives

Gary P Fayard	director	ONE COCA COLA PLAZA, ATLANTA GA 30313
John D Johns	director	PO BOX 2606, BIRMINGHAM AL 35202
Juliette Williams Pryor	director	1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
John R Holder	director	999 PEACHTREE ST NE, SUITE 688, ATLANTA GA 30309
Donna Westbrook Hyland	director	3344 PEACHTREE ROAD NE STE 1800, ATLANTA GA 30326
Paul Russell Hardin	director	2999 WILDWOOD PARKWAY SE, ATLANTA GA 30339
Richard Jr Cox	director	2999 WILDWOOD PARKWAY, ATLANTA GA 30339
Paul D Donahue	director, officer: Chairman and CEO	214 N TRYON STREET, CHARLOTTE NC 28202
Loudermilk Robert C Jr	director	309 E. PACES FERRY RD N.E., ATLANTA GA 30305-2377
Darren M Rebelez	director	1722 ROUTH STREET, SUITE 1000, DALLAS TX 75201-2502
Randall P Breaux	officer: Group President, GPC N.A.	5711 R S BOREHAM JR ST, P O BOX 2400, FORT SMITH AR 72902
Naveen Krishna	officer: EVP, CIDO	2999 WILDWOOD PKWY, ATLANTA GA 30339
Wendy B Needham	director	2999 CIRCLE 75 PRKWAY, ATLANTA GA 30339
Christopher T Galla	officer: SVP and General Counsel	2999 WILDWOOD PKWY, ATLANTA GA 30339
Wood E Jenner Iii	director	SUNTRUST BANKS INC, P O BOX 4418 MC643, ATLANTA GA 30302