Genuine Parts Balance Sheet Health
Financial Health criteria checks 4/6
Genuine Parts has a total shareholder equity of $4.7B and total debt of $4.6B, which brings its debt-to-equity ratio to 98%. Its total assets and total liabilities are $20.3B and $15.5B respectively. Genuine Parts's EBIT is $1.7B making its interest coverage ratio 20.2. It has cash and short-term investments of $1.1B.
Key information
98.0%
Debt to equity ratio
US$4.62b
Debt
| Interest coverage ratio | 20.2x |
| Cash | US$1.08b |
| Equity | US$4.71b |
| Total liabilities | US$15.55b |
| Total assets | US$20.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0IUX's short term assets ($10.7B) exceed its short term liabilities ($9.1B).
Long Term Liabilities: 0IUX's short term assets ($10.7B) exceed its long term liabilities ($6.4B).
Debt to Equity History and Analysis
Debt Level: 0IUX's net debt to equity ratio (75.2%) is considered high.
Reducing Debt: 0IUX's debt to equity ratio has increased from 94.1% to 98% over the past 5 years.
Debt Coverage: 0IUX's debt is well covered by operating cash flow (31.4%).
Interest Coverage: 0IUX's interest payments on its debt are well covered by EBIT (20.2x coverage).