Analysis of Debt
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- Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2010
- Return on Assets (ROA) since 2010
- Price to Book Value (P/BV) since 2010
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Total Debt (Carrying Amount)
Generac Holdings Inc., balance sheet: debt
US$ in thousands
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
- Short-term borrowings
- The short-term borrowings exhibited fluctuations over the analyzed period. Starting at approximately 20.6 million USD at the end of 2017, the figure more than doubled by the end of 2018, reaching around 45.6 million USD. This upward trend continued into 2019 with a further increase to nearly 58.7 million USD. Subsequently, there was a notable decrease in 2020 to about 39.3 million USD, followed by a sharp rise in 2021, peaking at approximately 72 million USD, the highest value within the timeframe.
- Current portion of long-term borrowings and finance lease obligations
- This metric showed a consistent rising trend throughout the period. From about 1.6 million USD in 2017, it gradually increased each year by small increments, reaching nearly 6 million USD by the end of 2021. This steady growth indicates an increasing amount of long-term debt becoming due in the short term year over year.
- Long-term borrowings and finance lease obligations, excluding current portion
- Long-term borrowings, excluding the current portion, demonstrated a generally declining trend from 2017 through 2019. The amount decreased from approximately 906.5 million USD in 2017 to around 837.8 million USD at the end of 2019. However, this trend reversed marginally in 2020, when the balance increased slightly to 841.8 million USD, and further rose in 2021 to approximately 902.1 million USD, nearing the initial 2017 level.
- Total borrowings and finance lease obligation (carrying amount)
- The total borrowings replenished some stability over the period but displayed a slight overall decline followed by a rebound in the last year. Starting at about 928.7 million USD in 2017, total borrowings decreased gradually through 2020 to a low of approximately 885.2 million USD. In 2021, the total borrowings surged significantly to approximately 980.1 million USD, representing the highest total borrowing level recorded in the examined timeframe.
- Summary of trends
- The data reveals that while short-term borrowing levels fluctuated, the overall trend for the current portion of long-term debt was steadily upward, indicating an increasing near-term debt obligation. The long-term borrowings showed a decrease followed by a recovery, suggesting repayment or restructuring followed by renewed borrowing. The total debt level decreased gradually over several years but experienced a sharp increase in the final year, which may reflect capital structure adjustments or increased financing needs. Overall, the company’s debt profile suggests rising short-term obligations and a recent increase in total leverage.
Total Debt (Fair Value)
| Dec 31, 2021 | |
|---|---|
| Selected Financial Data (US$ in thousands) | |
| ABL facility | |
| Other lines of credit | |
| Term loan | |
| Other borrowings | |
| Finance lease obligation | |
| Total borrowings and finance lease obligation (fair value) | |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | |
Based on: 10-K (reporting date: 2021-12-31).
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: 2021-12-31).
1 US$ in thousands
2 Weighted-average interest rate = 100 × ÷ =