Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
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- Cash Flow Statement
- Analysis of Solvency Ratios
- Analysis of Reportable Segments
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
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GE Aerospace, common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
The capital structure is characterized by a high reliance on liabilities, which consistently represent between 79% and 86% of total liabilities and equity. Total equity has experienced a general decline from a peak of 20.98% in March 2022 to 13.99% by June 2026, indicating a trend toward increased financial leverage over the analyzed period.
- Current Liabilities and Operational Obligations
- Current liabilities have generally trended upward, rising from 23.53% in March 2021 to 31.67% in June 2026. A significant reporting shift occurred in June 2024, where legacy progress collections were reclassified into distinct categories: progress collections and contract liabilities and deferred income. These two new components now collectively account for approximately 13% to 14% of the total balance sheet. Accounts payable remained relatively stable, fluctuating between 6% and 10%.
- Non-Current Liability Composition
- A structural shift is evident in long-term obligations. Long-term borrowings decreased significantly from 27.28% in March 2021 to 13.44% by June 2026, suggesting a reduction in long-term debt relative to total assets. In contrast, insurance liabilities and annuity benefits grew substantially, increasing from 16.14% in early 2021 to a peak of 30.90% in June 2022, eventually stabilizing around 28% by mid-2026. This indicates that employee-related and insurance obligations have become a primary driver of the non-current liability profile.
- Equity and Shareholder Value Dynamics
- The equity section displays a notable divergence between retained earnings and treasury stock. Retained earnings grew steadily and significantly, rising from 36.41% in March 2021 to 71.24% by June 2026. However, this growth was almost entirely offset by a massive increase in common stock held in treasury, which expanded from -33.26% to -71.63% over the same period. This pattern suggests an aggressive share repurchase strategy that has limited the growth of total shareholders' equity despite strong profit retention.
- Overall Financial Stability Indicators
- The steady increase in total liabilities, combined with the contraction of total equity to 13.99%, points to a more leveraged balance sheet toward the end of the period. While the reduction in long-term borrowings suggests a lower dependence on traditional debt markets, the rise in insurance-related liabilities and the impact of treasury stock buybacks have shifted the risk profile of the company's financing structure.