A Look Into Blackstone's Debt
Portfolio Pulse from Benzinga Insights
Blackstone Inc.'s (NYSE:BX) shares have increased by 20.64% in the past three months. The company's total debt stands at $12.33 billion, with $12.31 billion in long-term debt and $19.56 million in current debt. After adjusting for $3.02 billion in cash-equivalents, the net debt is $9.31 billion. Blackstone's total assets are $41.09 billion, making the debt-ratio 0.3. Debt is an important factor in a company's capital structure and contributes to its growth.
July 24, 2023 | 8:15 pm
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Blackstone's shares have increased by 20.64% in the past three months. The company's total debt is $12.33 billion, with a net debt of $9.31 billion. The debt-ratio is 0.3, indicating a balanced financial leverage.
The increase in Blackstone's shares over the past three months indicates a positive market sentiment towards the company. The total debt and net debt figures show that the company has a significant amount of financial leverage, but the debt-ratio of 0.3 suggests that this is balanced and not overly risky. This could potentially lead to further increases in the share price in the short term.
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