Analysis of Debt
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- Statement of Comprehensive Income
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- Enterprise Value to FCFF (EV/FCFF)
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- Capital Asset Pricing Model (CAPM)
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- Total Asset Turnover since 2005
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- Analysis of Revenues
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Total Debt (Carrying Amount)
GE Aerospace, balance sheet: debt
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Short-term borrowings | ||||||
| Long-term borrowings | ||||||
| Total borrowings (carrying amount) |
Based on: 10-K (reporting date: 2024-12-31), 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).
- Short-term borrowings
- The short-term borrowings have shown a consistent downward trend from 2020 to 2023, decreasing from 4,778 million US dollars at the end of 2020 to 1,253 million US dollars by the end of 2023. In 2024, there is a slight increase to 2,039 million US dollars, indicating a modest reversal of the prior decline.
- Long-term borrowings
- Long-term borrowings have experienced a significant reduction over the five-year period. Starting from 70,288 million US dollars in 2020, there is a sharp decrease in 2021 to 30,824 million US dollars, followed by smaller but steady declines through to 2024, reaching 17,234 million US dollars. This indicates a strong effort to lower long-term debt obligations.
- Total borrowings (carrying amount)
- Total borrowings also demonstrate a clear decreasing trend, moving from 75,066 million US dollars in 2020 down to 19,273 million US dollars in 2024. The most substantial decline occurs between 2020 and 2021, with a notable decrease continuing, though at a slower pace, throughout the subsequent years. This overall reduction reflects a significant deleveraging strategy.
- General insights
- The data reveal a consistent strategy focused on reducing overall debt levels, particularly notable in the sharp drop in long-term borrowings. The decrease in short-term borrowings is gradual until a small uptick in 2024, which may indicate a shift in financing approach or operational needs. The total borrowings trend confirms successful debt management leading to improved financial leverage over the period analyzed.
Total Debt (Fair Value)
| Dec 31, 2024 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Borrowings | |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | |
Based on: 10-K (reporting date: 2024-12-31).
Weighted-average Interest Rate on Debt
Weighted-average interest rate on debt:
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| Total | |||
Based on: 10-K (reporting date: 2024-12-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × ÷ =