The company maintains a significant debt load of $10.6 billion as of 2026Q1, with goodwill representing over 40% of total assets, signaling structural leverage constraints.
| Total Current Assets | 9.98B | 10.7B | 9.52B | 9.01B | 7.82B | 6.54B | 5.45B |
| Cash & Short-Term Investments | 2.29B | 4.51B | 2.89B | 2.5B | 1.45B | 556M | 1.01B |
| Cash Only | 2.29B | 4.51B | 2.89B | 2.5B | 1.45B | 556M | 1.01B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 4.74B | 3.96B | 4.38B | 4.32B | 3.99B | 3.79B | 2.66B |
| Days Sales Outstanding | 81.63 | 69.99 | 81.19 | 80.55 | 79.46 | 78.69 | 56.5 |
| Inventory | 2.35B | 2.23B | 1.94B | 1.96B | 2.15B | 1.95B | 1.59B |
| Days Inventory Outstanding | 73.02 | 65.88 | 61.72 | 61.51 | 70.47 | 68.22 | 55.96 |
| Other Current Assets | 605M | 0 | 311M | 231M | 226M | 250M | 190M |
| Total Non-Current Assets | 27.14B | 22.2B | 23.57B | 23.44B | 19.72B | 19.77B | 18.78B |
| Property, Plant & Equipment | 3.1B | 3.09B | 2.55B | 2.5B | 2.31B | 2.23B | 2.2B |
| Fixed Asset Turnover | 6.56x | 6.67x | 7.71x | 7.82x | 7.93x | 7.87x | 7.79x |
| Goodwill | 15.06B | 13.49B | 13.14B | 12.94B | 12.81B | 12.89B | 11.87B |
| Intangible Assets | 1.91B | 1.13B | 1.08B | 1.25B | 1.52B | 1.85B | 1.6B |
| Long-Term Investments | 1.95B | 0 | 804M | 733M | 663M | 665M | 709M |
| Other Non-Current Assets | 1.76B | 0 | 1.53B | 1.55B | 860M | 839M | 909M |
| Total Assets | 37.13B | 36.91B | 33.09B | 32.45B | 27.54B | 26.31B | 24.23B |
| Asset Turnover | 0.55x | 0.56x | 0.59x | 0.60x | 0.67x | 0.67x | 0.71x |
| Asset Growth % | 40.24% | 11.54% | 1.96% | 17.85% | 4.68% | 8.59% | - |
| Total Current Liabilities | 8.53B | 9.11B | 9.55B | 8.98B | 7.19B | 6.76B | 6.52B |
| Accounts Payable | 3.41B | 3.25B | 3.02B | 2.95B | 3.09B | 2.73B | 2.39B |
| Days Payables Outstanding | 100.47 | 95.84 | 96.19 | 92.49 | 101.04 | 95.68 | 83.8 |
| Short-Term Debt | 139M | 508M | 1.5B | 1.12B | 119M | 110M | 132M |
| Deferred Revenue (Current) | 6.13B | 0 | 1.94B | 1.92B | 1.9B | 1.86B | 1.81B |
| Other Current Liabilities | 1.41B | 5.35B | 1.45B | 1.48B | 1.23B | 1.17B | 1.27B |
| Current Ratio | 1.17x | 1.18x | 1.00x | 1.00x | 1.09x | 0.97x | 0.84x |
| Quick Ratio | 0.89x | 0.93x | 0.79x | 0.78x | 0.79x | 0.68x | 0.59x |
| Cash Conversion Cycle | 54.18 | 40.03 | 46.72 | 49.58 | 48.89 | 51.24 | 28.66 |
| Total Non-Current Liabilities | 17.7B | 17.2B | 14.88B | 16.16B | 10.76B | 2.65B | 2.73B |
| Long-Term Debt | 10.13B | 9.49B | 7.45B | 8.44B | 8.23B | 31M | 31M |
| Capital Lease Obligations | 953M | 0 | 310M | 311M | 282M | 296M | 305M |
| Deferred Tax Liabilities | 793M | 193M | 56M | 68M | 370M | 385M | 459M |
| Other Non-Current Liabilities | 6.19B | 7.51B | 6.38B | 6.64B | 1.24B | 1.31B | 1.37B |
| Total Liabilities | 26.23B | 26.31B | 24.44B | 25.14B | 17.95B | 9.41B | 9.25B |
| Total Debt | 10.58B | 10B | 9.38B | 9.86B | 8.63B | 437M | 468M |
| Net Debt | 8.29B | 5.49B | 6.49B | 7.36B | 7.19B | -119M | -539M |
| Debt / Equity | 0.97x | 0.94x | 1.08x | 1.35x | 0.90x | 0.03x | 0.03x |
| Debt / EBITDA | 3.16x | 2.99x | 2.93x | 3.24x | 2.74x | 0.13x | 0.14x |
| Net Debt / EBITDA | 2.48x | 1.64x | 2.02x | 2.42x | 2.28x | -0.03x | -0.16x |
| Interest Coverage | 5.35x | 7.13x | 6.11x | 5.36x | 29.44x | 72.88x | 42.06x |
| Total Equity | 10.9B | 10.6B | 8.65B | 7.31B | 9.59B | 16.9B | 14.97B |
| Equity Growth % | 82.78% | 22.49% | 18.37% | -23.79% | -43.23% | 12.84% | - |
| Book Value per Share | 23.85 | 23.03 | 18.85 | 15.96 | 21.13 | 37.16 | 32.93 |
| Total Shareholders' Equity | 10.67B | 10.38B | 8.45B | 7.13B | 9.36B | 16.66B | 14.73B |
| Common Stock | 5M | 5M | 5M | 5M | 0 | 0 | 0 |
| Retained Earnings | 5.65B | 5.28B | 3.26B | 1.33B | 0 | 0 | 0 |
| Treasury Stock | -325M | -225M | -25M | 0 | 0 | 0 | 0 |
| Accumulated OCI | -1.4B | -1.39B | -1.38B | -691M | 9.36B | 16.66B | 14.73B |
| Minority Interest | 230M | 220M | 206M | 177M | 235M | 241M | 247M |
High debt-to-equity leverage
As reported in financial statements, GEHC has successfully expanded its total equity from $7.1 billion in 2023Q4 to $10.7 billion by 2026Q1, reflecting a consistent accumulation of retained earnings that suggests a gradual improvement in the company's underlying financial foundation following its separation from the parent conglomerate.
The steady growth in retained earnings indicates that the company is successfully transitioning toward self-funded growth. Investors should monitor whether this trajectory continues to offset the persistent reliance on debt financing for operational requirements.
Based on the provided quarterly data, GEHC maintains a significant debt load of $10.6 billion as of 2026Q1, with the debt-to-equity ratio fluctuating between 0.94 and 1.35 over the last ten quarters, signaling that management remains constrained by the capital structure inherited during the spin-off process.
While the D/E ratio has trended downward from its 2023Q4 peak, the absolute debt level remains high relative to the company's current cash generation capabilities. This leverage profile may limit the company's flexibility to pursue aggressive M&A or return capital to shareholders without risking balance sheet stability.
According to recent SEC filings, GEHC's asset base is heavily weighted toward intangible assets, with goodwill reaching $15.1 billion in 2026Q1, representing over 40% of total assets, which warrants careful scrutiny regarding potential future impairment risks if the acquired business units fail to meet performance expectations.
The reliance on goodwill suggests that a significant portion of the company's valuation is tied to past acquisitions rather than tangible infrastructure. The relatively low net PPE of $3.1 billion compared to total assets highlights the company's shift toward a service-oriented model, though this increases sensitivity to intangible asset write-downs.
As indicated by the balance sheet data, GEHC's current ratio has hovered near 1.0 to 1.17 over the last ten quarters, suggesting that the company operates with a narrow liquidity buffer that may leave it vulnerable to sudden shifts in working capital or unexpected operational cash outflows.
The proximity of the current ratio to parity implies that the company has limited room for error in managing its short-term obligations. Investors should watch for any further tightening of this ratio, as it could necessitate increased reliance on revolving credit facilities during periods of cyclical revenue weakness.
Quick answers to the most common questions about buying GEHC stock.
As of 2025, GE HealthCare Technologies Inc. (GEHC) had total assets of $36.91B including $10.70B in current assets.
GE HealthCare Technologies Inc. (GEHC) carries total debt of $10.00B, offset by $4.51B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
GE HealthCare Technologies Inc. (GEHC) has total shareholders' equity (book value) of $10.38B ($23.03 book value per share). Book value represents the net worth of the company belonging to common stock holders.
GE HealthCare Technologies Inc. (GEHC) reported a current ratio of 1.18x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.