Adjusted Financial Ratios (Summary)
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).
Financial ratio | Description | The company |
---|---|---|
Adjusted total asset turnover | An activity ratio calculated as total revenue divided by adjusted total assets. | General Electric Co. adjusted total asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Adjusted current ratio | A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. | General Electric Co. adjusted current ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level. |
Adjusted debt-to-equity ratio | A solvency ratio calculated as adjusted total debt divided by adjusted total equity. | General Electric Co. adjusted debt-to-equity ratio improved from 2019 to 2020 and from 2020 to 2021. |
Adjusted debt-to-capital ratio | A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. | General Electric Co. adjusted debt-to-capital ratio improved from 2019 to 2020 and from 2020 to 2021. |
Adjusted financial leverage | A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income. |
General Electric Co. adjusted financial leverage ratio decreased from 2019 to 2020 and from 2020 to 2021. |
Adjusted net profit margin | An indicator of profitability, calculated as adjusted net income divided by total revenue. | General Electric Co. adjusted net profit margin ratio improved from 2019 to 2020 and from 2020 to 2021. |
Adjusted ROE | A profitability ratio calculated as adjusted net income divided by adjusted total equity. | General Electric Co. adjusted ROE improved from 2019 to 2020 and from 2020 to 2021. |
Adjusted ROA | A profitability ratio calculated as adjusted net income divided by adjusted total assets. | General Electric Co. adjusted ROA improved from 2019 to 2020 and from 2020 to 2021. |
General Electric Co., Financial Ratios: Reported vs. Adjusted
Adjusted Total Asset Turnover
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).
1 2021 Calculation
Total asset turnover = Sales of equipment and services ÷ Total assets
= 71,090 ÷ 198,874 = 0.36
2 Adjusted sales of equipment and services. See details »
3 Adjusted total assets. See details »
4 2021 Calculation
Adjusted total asset turnover = Adjusted sales of equipment and services ÷ Adjusted total assets
= 71,356 ÷ 189,093 = 0.38
Activity ratio | Description | The company |
---|---|---|
Adjusted total asset turnover | An activity ratio calculated as total revenue divided by adjusted total assets. | General Electric Co. adjusted total asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Adjusted Current Ratio
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).
1 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 66,348 ÷ 51,953 = 1.28
2 Adjusted current assets. See details »
3 Adjusted current liabilities. See details »
4 2021 Calculation
Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 67,422 ÷ 49,027 = 1.38
Liquidity ratio | Description | The company |
---|---|---|
Adjusted current ratio | A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. | General Electric Co. adjusted current ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level. |
Adjusted Debt to Equity
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).
1 2021 Calculation
Debt to equity = Total debt ÷ Total GE shareholders’ equity
= 35,185 ÷ 40,310 = 0.87
2 Adjusted total debt. See details »
3 Adjusted total equity. See details »
4 2021 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted total equity
= 38,033 ÷ 37,546 = 1.01
Solvency ratio | Description | The company |
---|---|---|
Adjusted debt-to-equity ratio | A solvency ratio calculated as adjusted total debt divided by adjusted total equity. | General Electric Co. adjusted debt-to-equity ratio improved from 2019 to 2020 and from 2020 to 2021. |
Adjusted Debt to Capital
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).
1 2021 Calculation
Debt to capital = Total debt ÷ Total capital
= 35,185 ÷ 75,495 = 0.47
2 Adjusted total debt. See details »
3 Adjusted total capital. See details »
4 2021 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 38,033 ÷ 75,579 = 0.50
Solvency ratio | Description | The company |
---|---|---|
Adjusted debt-to-capital ratio | A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. | General Electric Co. adjusted debt-to-capital ratio improved from 2019 to 2020 and from 2020 to 2021. |
Adjusted Financial Leverage
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).
1 2021 Calculation
Financial leverage = Total assets ÷ Total GE shareholders’ equity
= 198,874 ÷ 40,310 = 4.93
2 Adjusted total assets. See details »
3 Adjusted total equity. See details »
4 2021 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total equity
= 189,093 ÷ 37,546 = 5.04
Solvency ratio | Description | The company |
---|---|---|
Adjusted financial leverage | A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income. |
General Electric Co. adjusted financial leverage ratio decreased from 2019 to 2020 and from 2020 to 2021. |
Adjusted Net Profit Margin
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).
1 2021 Calculation
Net profit margin = 100 × Net earnings (loss) attributable to the Company ÷ Sales of equipment and services
= 100 × -6,520 ÷ 71,090 = -9.17%
2 Adjusted net earnings (loss). See details »
3 Adjusted sales of equipment and services. See details »
4 2021 Calculation
Adjusted net profit margin = 100 × Adjusted net earnings (loss) ÷ Adjusted sales of equipment and services
= 100 × 7,950 ÷ 71,356 = 11.14%
Profitability ratio | Description | The company |
---|---|---|
Adjusted net profit margin | An indicator of profitability, calculated as adjusted net income divided by total revenue. | General Electric Co. adjusted net profit margin ratio improved from 2019 to 2020 and from 2020 to 2021. |
Adjusted Return on Equity (ROE)
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).
1 2021 Calculation
ROE = 100 × Net earnings (loss) attributable to the Company ÷ Total GE shareholders’ equity
= 100 × -6,520 ÷ 40,310 = -16.17%
2 Adjusted net earnings (loss). See details »
3 Adjusted total equity. See details »
4 2021 Calculation
Adjusted ROE = 100 × Adjusted net earnings (loss) ÷ Adjusted total equity
= 100 × 7,950 ÷ 37,546 = 21.17%
Profitability ratio | Description | The company |
---|---|---|
Adjusted ROE | A profitability ratio calculated as adjusted net income divided by adjusted total equity. | General Electric Co. adjusted ROE improved from 2019 to 2020 and from 2020 to 2021. |
Adjusted Return on Assets (ROA)
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).
1 2021 Calculation
ROA = 100 × Net earnings (loss) attributable to the Company ÷ Total assets
= 100 × -6,520 ÷ 198,874 = -3.28%
2 Adjusted net earnings (loss). See details »
3 Adjusted total assets. See details »
4 2021 Calculation
Adjusted ROA = 100 × Adjusted net earnings (loss) ÷ Adjusted total assets
= 100 × 7,950 ÷ 189,093 = 4.20%
Profitability ratio | Description | The company |
---|---|---|
Adjusted ROA | A profitability ratio calculated as adjusted net income divided by adjusted total assets. | General Electric Co. adjusted ROA improved from 2019 to 2020 and from 2020 to 2021. |