Genuine Parts Balance Sheet Health
Financial Health criteria checks 5/6
Genuine Parts has a total shareholder equity of $4.4B and total debt of $3.9B, which brings its debt-to-equity ratio to 87.7%. Its total assets and total liabilities are $18.3B and $13.9B respectively. Genuine Parts's EBIT is $1.8B making its interest coverage ratio 27.5. It has cash and short-term investments of $1.0B.
Key information
87.7%
Debt to equity ratio
US$3.87b
Debt
Interest coverage ratio | 27.5x |
Cash | US$1.05b |
Equity | US$4.42b |
Total liabilities | US$13.92b |
Total assets | US$18.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GPT's short term assets ($9.8B) exceed its short term liabilities ($8.6B).
Long Term Liabilities: GPT's short term assets ($9.8B) exceed its long term liabilities ($5.3B).
Debt to Equity History and Analysis
Debt Level: GPT's net debt to equity ratio (64%) is considered high.
Reducing Debt: GPT's debt to equity ratio has reduced from 95.8% to 87.7% over the past 5 years.
Debt Coverage: GPT's debt is well covered by operating cash flow (40.2%).
Interest Coverage: GPT's interest payments on its debt are well covered by EBIT (27.5x coverage).