General Electric, the old behemoth of the American Industry.
Since 2016, half the time GE ended a year with negative profit. At other times profits were less than 8%, all combined, not very good, to say the least.
But, from 2019 to 2022, GE has aggressively reduced its massive debt. Although a drop in equity occurred as well, the debt reduction was more significant with debt/equity dropping from 3.34 to 0.96, year after year. Exceptional. It seems something like this would require major restructuring and a highly disciplined business practice, which is a great feat in and of itself considering the depth of business abyss GE was dealing with.
Even though there is a long way to go to steady income and healthy finances, I am looking forward to the next chapter of this great giant. It will, I'm sure, at least bring us a lot of good business excitement, and possibly, the ever so thrilling story of rags to riches - again.
Have a Great Day.
Since 2016, half the time GE ended a year with negative profit. At other times profits were less than 8%, all combined, not very good, to say the least.
But, from 2019 to 2022, GE has aggressively reduced its massive debt. Although a drop in equity occurred as well, the debt reduction was more significant with debt/equity dropping from 3.34 to 0.96, year after year. Exceptional. It seems something like this would require major restructuring and a highly disciplined business practice, which is a great feat in and of itself considering the depth of business abyss GE was dealing with.
Even though there is a long way to go to steady income and healthy finances, I am looking forward to the next chapter of this great giant. It will, I'm sure, at least bring us a lot of good business excitement, and possibly, the ever so thrilling story of rags to riches - again.
Have a Great Day.