Stock Analysis on Net

General Electric Co. (NYSE:GE)

Analysis of Debt

Microsoft Excel

Total Debt (Carrying Amount)

General Electric Co., balance sheet: debt

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Short-term borrowings 1,253 3,757 4,361 4,778 23,727
Long-term borrowings 19,711 28,593 30,824 70,288 67,155
Total borrowings (carrying amount) 20,964 32,350 35,185 75,066 90,882

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Debt item Description The company
Total borrowings (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. General Electric Co. total debt decreased from 2021 to 2022 and from 2022 to 2023.

Total Debt (Fair Value)

Microsoft Excel
Dec 31, 2023
Selected Financial Data (US$ in millions)
Borrowings 20,689
Financial Ratio
Debt, fair value to carrying amount ratio 0.99

Based on: 10-K (reporting date: 2023-12-31).


Weighted-average Interest Rate on Debt

Weighted-average interest rate on debt: 3.95%

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
2.42% 1,044 25
6.73% 107 7
3.99% 17,509 699
4.43% 1,383 61
Total 20,043 792
3.95%

Based on: 10-K (reporting date: 2023-12-31).

1 US$ in millions

2 Weighted-average interest rate = 100 × 792 ÷ 20,043 = 3.95%