Baker Hughes' Debt Overview
Portfolio Pulse from Benzinga Insights
Baker Hughes Inc. (NASDAQ:BKR) has seen its shares increase by 7.76% in the past three months. The company's total debt stands at $6.66 billion, with $5.97 billion in long-term debt and $684 million in current debt. After adjusting for $2.42 billion in cash-equivalents, Baker Hughes has a net debt of $4.24 billion. The debt-ratio is 0.19, considering the company's $35.04 billion in total assets.
June 23, 2023 | 7:31 pm
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Baker Hughes' shares increased by 7.76% in the past three months, with a total debt of $6.66 billion and a debt-ratio of 0.19.
Baker Hughes' share price has increased by 7.76% in the past three months, indicating a positive market sentiment. The company's debt-ratio of 0.19 is relatively low, which means that the company has a lower risk of defaulting on loans. This could make the stock more attractive to investors, leading to a potential short-term increase in the stock price.
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IMPORTANCE 80
RELEVANCE 100