What Does Baker Hughes' Debt Look Like?
Portfolio Pulse from Benzinga Insights
Baker Hughes Inc.'s (NASDAQ:BKR) shares have increased by 16.42% in the past three months. The company's total debt stands at $6.66 billion, with $5.97 billion in long-term debt and $684.00 million in current debt. After adjusting for $2.42 billion in cash-equivalents, the net debt is $4.24 billion. The company's debt-ratio is 0.19, indicating a moderate level of financial leverage.
July 11, 2023 | 3:30 pm
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Baker Hughes' total debt is $6.66 billion, with a net debt of $4.24 billion. The company's debt-ratio is 0.19, indicating a moderate level of financial leverage.
Baker Hughes' debt levels and debt-ratio indicate a moderate level of financial leverage. While the company's shares have increased in the past three months, the debt levels could impact future growth and profitability, especially if interest rates increase. However, the debt-ratio is within acceptable levels for many industries, and the company has a significant amount of assets.
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RELEVANCE 100