General Electric Co. - GE - Ratios & Benchmarks



General Electric Co. (GE) Ratios & Benchmarks

  Name 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY
  LIQUIDITY RATIOS
Current Ratio 1.78 2.46 1.79 1.94 1.84 1.41 2.08 2.00 2.12
Debt-free Net Working Capital to Revenue 73.92 % 72.48 % 74.99 % 24.67 % 65.13 % 55.35 % 115.08 % 147.90 % 167.47 %
Debt-free, Cash-free Net Working Capital to Revenue 11.19 % 13.41 % 14.57 % 5.50 % 11.99 % -14.56 % -2.58 % -2.28 % 16.66 %
Net Working Capital to Revenue 42.63 % 59.55 % 45.82 % 16.33 % 40.62 % 35.02 % 89.37 % 104.60 % 106.97 %
Quick Ratio 1.39 1.83 1.35 1.53 1.49 1.15 1.80 1.75 1.90
  ACTIVITY/EFFICIENCY RATIOS
Accounts Payable Turnover 6.29 5.92 5.91 7.85 6.49 6.96 6.43 6.63 6.04
Accounts Receivable Turnover 6.65 5.90 5.76 16.40 6.26 4.90 4.68 4.58 5.22
Asset Turnover 0.42 0.37 0.36 1.06 0.36 0.32 0.28 0.20 0.18
Cash Conversion Cycle (CCC) 65.61 77.99 78.55 30.96 65.56 96.07 111.86 110.58 83.67
Days Inventory Outstanding (DIO) 68.75 77.76 76.92 55.21 63.51 73.98 90.53 86.02 74.10
Days Payable Outstanding (DPO) 58.00 61.64 61.78 46.51 56.26 52.43 56.73 55.09 60.40
Days Sales Outstanding (DSO) 54.86 61.87 63.41 22.26 58.31 74.52 78.06 79.65 69.96
Fixed Asset Turnover 2.59 2.40 2.33 6.91 2.50 2.27 2.28 2.25 1.99
Inventory Turnover 5.31 4.69 4.75 6.61 5.75 4.93 4.03 4.24 4.93
Invested Capital Turnover 1.20 0.94 0.85 1.85 0.74 0.86 1.99 2.83 0.61
  LEVERAGE RATIOS
Compound Leverage Factor -309.23 -1.91 2.69 2.33 7.08 8.28 2.73 3.36 3.79
Debt to Equity 5.87 2.96 3.36 3.58 3.48 2.88 1.69 1.92 1.91
Debt to Total Capital 85.44 % 74.74 % 77.05 % 78.18 % 77.70 % 74.24 % 62.85 % 65.71 % 65.63 %
Financial Leverage 1.62 0.95 1.14 2.00 1.57 0.75 -0.35 -0.66 0.40
Leverage Ratio 7.43 4.99 5.07 5.27 5.30 4.67 4.67 4.78 4.79
Long-Term Debt to Equity 4.57 2.68 2.73 3.01 2.91 2.57 1.31 1.43 1.39
Long-Term Debt to Total Capital 66.49 % 67.71 % 62.58 % 65.59 % 64.79 % 66.18 % 48.68 % 49.13 % 47.95 %
Short-Term Debt to Total Capital 18.95 % 7.03 % 14.47 % 12.58 % 12.91 % 8.05 % 14.17 % 16.58 % 17.68 %
  SOLVENCY RATIOS
Altman Z-Score 1.36 1.26 1.25 1.98 0.98 1.12 1.92 1.42 1.06
Debt to EBITDA 8.93 -76.70 -1517.82 -43.79 -221.50 35.56 5.76 10.42 14.57
Debt to NOPAT 52.10 -9.03 -10.50 1.01 -10.06 -34.41 14.82 100.94 23.16
Long-Term Debt to EBITDA 6.95 -69.48 -1232.84 -36.74 -184.69 31.70 4.46 7.79 10.65
Long-Term Debt to NOPAT 40.54 -8.18 -8.53 0.85 -8.39 -30.68 11.48 75.47 16.92
Net Debt to EBITDA 4.96 -43.74 -927.66 -27.60 -141.70 22.29 -0.18 1.30 4.79
Net Debt to NOPAT 28.94 -5.15 -6.42 0.64 -6.44 -21.57 -0.47 12.60 7.61
  COVERAGE RATIOS
EBIT Less CapEx to Interest Expense 0.07 0.72 1.57 1.58 -4.26 -2.40 1.02 0.86 3.22
EBIT to Interest Expense 0.02 0.72 2.12 1.79 -2.98 -1.29 2.40 3.36 4.77
Free Cash Flow to Firm to Interest Expense 27.82 -14.09 -24.11 64.16 13.86 -30.53 -0.76 -6.82 124.57
NOPAT Less CapEx to Interest Expense 35.16 0.59 0.56 15.02 -4.81 -2.44 0.45 -1.94 2.60
NOPAT to Interest Expense 35.11 0.59 1.11 15.23 -3.53 -1.32 1.83 0.57 4.15
Operating Cash Flow Less CapEx to Interest Expense 1.62 -0.02 -0.52 3.52 0.00 2.39 4.80 7.96 8.63
Operating Cash Flow to Interest Expense 1.57 -0.02 0.04 3.73 1.29 3.50 6.18 10.46 10.18
  PROFITABILITY RATIOS
Augmented Payout Ratio -121.70 % -37.09 % -43.68 % -9.90 % -38.71 % -249.80 % 834.09 % -358.62 % 65.62 %
Cash Return on Invested Capital (CROIC) -5.97 % -25.75 % -32.80 % 126.56 % 42.55 % -108.01 % -6.34 % -58.01 % 176.77 %
Cost of Revenue to Revenue 28.30 % 77.88 % 76.83 % 15.12 % 78.49 % 87.15 % 75.71 % 74.07 % 74.08 %
Dividend Payout Ratio -121.11 % -36.94 % -43.53 % -9.86 % -38.56 % -192.17 % 239.67 % -320.69 % 57.69 %
EBIT Margin 0.05 % 2.48 % 8.82 % 0.94 % -12.40 % -5.31 % 10.09 % 10.11 % 11.16 %
EBITDA Margin 1.24 % 2.48 % 15.10 % 2.82 % -0.67 % 5.27 % 19.81 % 16.47 % 15.41 %
Effective Tax Rate -3.28 % 54.01 % 17.41 % 89.13 % -2.90 % 23.41 % -16.11 % 79.22 % 7.53 %
Gross Margin 71.70 % 22.12 % 23.17 % 84.88 % 21.51 % 12.85 % 24.29 % 25.93 % 25.92 %
Interest Burden Percent -4163.33 % -38.27 % 52.97 % 44.20 % 133.56 % 177.54 % 58.32 % 70.28 % 79.03 %
NOPAT Margin 67.63 % 2.04 % 4.63 % 8.02 % -14.67 % -5.45 % 7.69 % 1.70 % 9.70 %
Noncontrolling Interest Sharing Ratio 23.26 % 30.77 % 31.39 % 32.43 % 32.23 % 16.24 % 5.19 % 5.67 % 5.48 %
Normalized NOPAT Margin 46.62 % 4.92 % 4.63 % 58.20 % 2.76 % -3.79 % 4.64 % 5.73 % 9.70 %
Operating Cash Flow to CapEx 0.00 % 0.00 % 6.66 % 1793.49 % 100.23 % 314.68 % 447.16 % 418.01 % 658.01 %
Operating Expenses to Revenue 6.22 % 17.67 % 17.57 % 11.10 % 35.76 % 19.96 % 17.66 % 17.75 % 15.43 %
Operating Margin 65.48 % 4.44 % 5.60 % 73.78 % -14.25 % -7.11 % 6.63 % 8.18 % 10.49 %
Operating Return on Assets (OROA) 0.02 % 0.92 % 3.17 % 1.00 % -4.43 % -1.71 % 2.81 % 2.03 % 1.98 %
Pre Tax Income Margin -1.88 % -0.95 % 4.67 % 0.42 % -16.56 % -9.43 % 5.89 % 7.11 % 8.82 %
Profit (Net Income) Margin -14.13 % 0.36 % 13.36 % -9.26 % -18.45 % -7.48 % 6.04 % -5.03 % 13.18 %
R&D to Revenue 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 %
ROIC Less NNEP Spread (ROIC-NNEP) -5.81 % 1.15 % 7.11 % -17.08 % -15.41 % -8.77 % 21.55 % 14.58 % 13.25 %
Return on Assets (ROA) -5.96 % 0.13 % 4.81 % -9.77 % -6.60 % -2.41 % 1.68 % -1.01 % 2.34 %
Return on Common Equity (ROCE) 54.90 % 2.09 % 8.25 % -13.08 % -23.70 % -9.42 % 7.45 % -4.55 % 10.60 %
Return on Equity (ROE) 71.54 % 3.02 % 12.03 % -19.36 % -34.97 % -11.24 % 7.85 % -4.83 % 11.21 %
Return on Invested Capital (ROIC) 80.94 % 1.93 % 3.95 % 14.85 % -10.83 % -4.68 % 15.31 % 4.81 % 5.88 %
Return on Net Nonoperating Assets (RNNOA) -9.40 % 1.09 % 8.08 % -34.22 % -24.14 % -6.56 % -7.46 % -9.63 % 5.33 %
SG&A Expenses to Revenue 4.96 % 14.51 % 15.19 % 2.04 % 15.27 % 15.77 % 15.68 % 15.48 % 15.43 %
Tax Burden Percent 751.24 % -37.96 % 285.88 % -2220.42 % 111.47 % 79.36 % 102.55 % -70.79 % 149.52 %
  CAPITAL STRUCTURE RATIOS
Common Equity to Total Capital 13.95 % 16.12 % 14.39 % 13.03 % 13.42 % 18.77 % 34.98 % 32.68 % 32.17 %
Noncontrolling Interests to Total Capital 0.61 % 9.14 % 8.56 % 8.79 % 8.88 % 6.99 % 2.16 % 1.61 % 2.20 %
Preferred Equity to Total Capital 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 %
  VALUATION RATIOS
Book Value per Share $3.20 $5.87 $4.04 $3.56 $3.63 $6.80 $7.58 $9.75 $12.62
Dividend Yield 6.32 % 5.29 % 6.67 % 6.73 % 6.74 % 5.15 % 3.26 % 4.22 % 5.19 %
Earnings Yield -6.35 % -28.60 % -20.29 % -36.05 % -36.04 % -6.32 % 2.63 % -2.24 % 7.01 %
Enterprise Value (EV) $174.30B $179.00B $222.78B $201.24B $197.32B $294.09B $285.57B $304.24B $312.02B
Enterprise Value to EBIT (EV/EBIT) 30.06 0.00 0.00 0.00 0.00 0.00 23.69 26.12 24.03
Enterprise Value to EBITDA (EV/EBITDA) 9.10 0.00 0.00 0.00 0.00 47.20 12.07 16.04 17.39
Enterprise Value to Free Cash Flow (EV/FCFF) 0.00 0.00 0.00 0.82 2.81 0.00 0.00 0.00 0.92
Enterprise Value to Invested Capital (EV/IC) 1.65 1.32 1.43 1.24 1.63 1.41 4.29 5.68 11.17
Enterprise Value to NOPAT (EV/NOPAT) 53.08 0.00 0.00 1.10 0.00 0.00 31.07 155.41 27.64
Enterprise Value to Operating Cash Flow (EV/OCF) 14.38 24.87 35.74 47.40 30.34 17.23 9.20 8.40 11.26
Enterprise Value to Revenue (EV/Rev) 1.44 1.48 1.84 0.56 1.62 2.49 2.39 2.64 2.68
Market Capitalization $78.05B $63.98B $86.85B $63.25B $62.03B $134.34B $285.23B $274.73B $217.38B
Price to Book Value (P/BV) 2.79 1.79 2.47 2.04 2.00 2.40 3.76 2.80 1.70
Price to Earnings (P/E) 0.00 0.00 0.00 0.00 0.00 0.00 38.03 0.00 14.27
Price to Revenue (P/Rev) 0.64 0.53 0.72 0.18 0.51 1.14 2.39 2.39 1.87
Price to Tangible Book Value (P/TBV) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18.38 3.52
Tangible Book Value per Share $-1.09 $-5.43 $-4.03 $-5.25 $-1.78 $-5.85 $-1.11 $1.48 $6.08
  GROWTH RATIOS
EBIT Growth 100.14 % -71.68 % 54.39 % 119.31 % -140.01 % -152.10 % 3.50 % -10.31 % 8.51 %
EBIT Q/Q Growth -95.81 % -70.25 % -9.00 % 110.46 % 48.67 % -186.47 % -9.33 % 63.30 % 80.55 %
EBITDA Growth 104.01 % -83.88 % 19.98 % 190.73 % -113.00 % -73.67 % 24.76 % 5.73 % 4.48 %
EBITDA Q/Q Growth 14.66 % -82.62 % -65.13 % 135.39 % 95.29 % -69.85 % 14.31 % 60.47 % 97.95 %
EPS Growth 58.78 % -114.29 % 385.71 % 105.51 % -154.37 % -237.33 % 222.95 % -140.67 % 18.11 %
EPS Q/Q Growth -10700.00 % -102.50 % 471.43 % 102.67 % 33.84 % -314.58 % -33.63 % 16.44 % 13.64 %
Free Cash Flow Firm Growth -52.26 % 70.80 % -162.88 % -24.28 % 147.17 % -3805.71 % 83.89 % -106.96 % 782.67 %
Free Cash Flow Firm Q/Q Growth 354.77 % 48.87 % -156.76 % 132.71 % 7.34 % -537.96 % -110.65 % -110.08 % 1767.68 %
Invested Capital Growth 9.65 % 12.06 % 22.42 % -27.41 % -42.14 % 213.77 % 24.28 % 91.58 % -92.15 %
Invested Capital Q/Q Growth -21.66 % -13.37 % 29.24 % 68.35 % 25.01 % 39.30 % -43.37 % -62.81 % -92.61 %
NOPAT Growth 110.67 % -57.35 % -20.94 % -91.14 % -177.02 % -170.05 % 369.53 % -82.66 % 47.10 %
NOPAT Q/Q Growth 7523.73 % -53.35 % 103.17 % 202.68 % -247.47 % -171.05 % -0.69 % 1321.29 % 154.70 %
Net Income Growth 58.95 % -84.45 % 427.49 % -9.48 % -153.62 % -222.73 % 224.42 % -137.76 % 14.90 %
Net Income Q/Q Growth -9122.12 % -97.15 % 323.84 % 3.45 % 34.33 % -303.33 % -36.10 % 15.50 % 14.77 %
Operating Cash Flow Growth 169.08 % 97.77 % -86.54 % 49.08 % -61.89 % -45.03 % -14.33 % 30.76 % -2.81 %
Operating Cash Flow Q/Q Growth 9250.00 % -152.38 % -99.58 % 296.52 % -38.56 % -52.34 % 46.33 % 47.23 % 0.42 %
Revenue Growth 0.64 % -1.14 % -1.81 % -8.48 % 2.85 % -1.02 % 3.74 % -1.07 % 5.69 %
Revenue Q/Q Growth 130.32 % 5.66 % 2168.69 % 645.07 % -21.30 % -0.54 % -0.42 % 13.25 % 12.28 %
  METRICS
Capital Expenditures (CapEx) $-61.00M $0.00 $631.00M $261.00M $6.49B $5.42B $6.94B $8.67B $4.21B
Debt-free Net Working Capital (DFNWC) $89.60B $87.54B $90.83B $88.39B $79.21B $65.45B $137.48B $170.31B $194.94B
Debt-free, Cash-free Net Working Capital (DFCFNWC) $13.56B $16.19B $17.65B $19.71B $14.58B $-17.22B $-3.09B $-2.62B $19.39B
Earnings before Interest and Taxes (EBIT) $30.00M $716.00M $2.41B $2.25B $-15.07B $-6.28B $12.06B $11.65B $12.99B
Free Cash Flow to Firm (FCFF) $35.58B $-13.97B $-27.32B $80.52B $70.10B $-148.63B $-3.81B $-23.63B $339.22B
Increase / (Decrease) in Invested Capital $9.33B $14.56B $28.58B $-61.40B $-87.94B $142.19B $13.00B $25.58B $-327.93B
Invested Capital $105.93B $135.22B $156.09B $162.63B $120.77B $208.71B $66.52B $53.52B $27.94B
Net Debt $95.03B $94.70B $115.03B $117.11B $114.78B $138.88B $-4.36B $24.66B $85.87B
Net Nonoperating Expense (NNE) $54.29B $485.07M $-2.38B $41.18B $4.61B $2.41B $1.98B $7.75B $-4.06B
Net Nonoperating Expense Percent (NNEP) 86.76 % 0.78 % -3.16 % 31.94 % 4.58 % 4.09 % -6.23 % -9.78 % -7.37 %
Net Operating Profit after Tax (NOPAT) $44.91B $589.07M $1.26B $19.11B $-17.84B $-6.44B $9.19B $1.96B $11.29B
Net Working Capital (NWC) $51.66B $71.92B $55.49B $58.49B $49.40B $41.41B $106.77B $120.45B $124.52B
Normalized Net Operating Profit after Tax (NOPAT) $30.96B $1.42B $1.26B $138.75B $3.36B $-4.49B $5.54B $6.59B $11.29B
Total Capital $200.21B $222.18B $244.27B $237.65B $230.89B $298.44B $216.73B $300.71B $398.36B
Total Debt $171.06B $166.05B $188.21B $185.79B $179.41B $221.55B $136.21B $197.60B $261.42B
Total Depreciation and Amortization (D&A) $791.00M $0.00 $1.71B $4.48B $14.27B $12.51B $11.61B $7.32B $4.95B
Total Long-Term Debt $133.13B $150.43B $152.87B $155.88B $149.60B $197.51B $105.50B $147.74B $191.00B
Adjusted Basic & Diluted Earnings per Share $-1.08 $-0.01 $0.41 $0.07 $-2.62 $-1.03 $0.76 $-0.62 $1.51
Adjusted Basic Earnings per Share $-1.08 $-0.01 $0.41 $0.07 $-2.62 $-1.03 $0.76 $-0.62 $1.51
Adjusted Diluted Earnings per Share $-1.08 $-0.01 $0.40 $0.07 $-2.62 $-1.03 $0.75 $-0.61 $1.50
Adjusted Weighted Average Basic & Diluted Shares Outstanding 8.73B 6.10B 8.71B 8.69B 8.53B 8.24B 9.87B 9.91B 10.09B
Adjusted Weighted Average Basic Shares Outstanding 8.73B 6.10B 8.71B 8.69B 8.53B 8.24B 9.87B 9.91B 10.09B
Adjusted Weighted Average Diluted Shares Outstanding 8.73B 6.10B 8.71B 8.69B 8.53B 8.24B 10.00B 10.07B 10.16B
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) $821.00M $716.00M $4.12B $6.73B $-810.00M $6.23B $23.66B $18.97B $17.94B
Net Nonoperating Obligations (NNO) $76.78B $79.09B $100.02B $110.77B $69.29B $131.82B $-14.00B $-49.59B $-109.00B