GE HealthCare Techs' Debt Overview
Portfolio Pulse from Benzinga Insights
GE HealthCare Techs Inc. (NASDAQ:GEHC) has seen its shares drop by 5.65% over the past three months. The company's total debt stands at $10.24 billion, with $10.23 billion in long-term debt and $5.00 million in current debt. After adjusting for $2.33 billion in cash-equivalents, the net debt is $7.91 billion. The debt-ratio, a measure of financial leverage, is 0.31, indicating that a significant portion of the company's assets are funded by debt.
June 28, 2023 | 8:31 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
GE HealthCare Techs has a significant amount of debt, with a debt-ratio of 0.31. This could potentially impact the company's ability to grow and may be a factor in the recent drop in share price.
The company's high level of debt and significant debt-ratio could be a cause for concern for investors, potentially leading to a decrease in share price. The debt-ratio of 0.31 indicates that a large portion of the company's assets are funded by debt, which could increase the risk of defaulting on loans if interest rates were to rise. This could negatively impact the company's financial stability and growth prospects, which in turn could affect investor confidence and share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100