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Stock impact report

GE: Evaluating The Post-BioPharma Balance Sheet [Seeking Alpha]

General Electric Company (GE) 
Last general electric company earnings: 4/30 04:02 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
Company Research Source: Seeking Alpha
SummaryGeneral Electric has been working to pay down its debt in recent years, mainly through a series of asset sales.After selling its BioPharma unit for net proceeds of approximately $20 billion, GE has ample cash to cover near-term cash burn and at least two years of debt maturities.GE still has plenty of debt and other obligations, but its liabilities are now at reasonable levels relative to the company's long-term earnings power.Near-term credit-rating downgrades and short-term EBITDA declines due to COVID-19 shouldn't be cause for alarm among investors.A combination of ill-advised acquisitions, a spike in estimated insurance liabilities, and a collapse in the profitability of several business units causedFixing this tattered balance sheet has been one of GE's top priorities for the past two-plus years. It has made incredible progress over that period, largely due to a series of asset sales. A month ago, GE capped off its disposition activity with the sale of its BioPharma busine Show less Read more
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