Genuine Parts Balance Sheet Health
Financial Health criteria checks 4/6
Genuine Parts has a total shareholder equity of $3.7B and total debt of $3.2B, which brings its debt-to-equity ratio to 87.9%. Its total assets and total liabilities are $16.4B and $12.7B respectively. Genuine Parts's EBIT is $1.8B making its interest coverage ratio 24.4. It has cash and short-term investments of $629.2M.
Key information
87.9%
Debt to equity ratio
US$3.23b
Debt
Interest coverage ratio | 24.4x |
Cash | US$629.20m |
Equity | US$3.68b |
Total liabilities | US$12.70b |
Total assets | US$16.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GPT's short term assets ($8.8B) exceed its short term liabilities ($7.5B).
Long Term Liabilities: GPT's short term assets ($8.8B) exceed its long term liabilities ($5.2B).
Debt to Equity History and Analysis
Debt Level: GPT's net debt to equity ratio (70.8%) is considered high.
Reducing Debt: GPT's debt to equity ratio has increased from 26.6% to 87.9% over the past 5 years.
Debt Coverage: GPT's debt is well covered by operating cash flow (46.2%).
Interest Coverage: GPT's interest payments on its debt are well covered by EBIT (24.4x coverage).