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General Dynamics

NYSE: GD · USD

General Dynamics debt and dilution80

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$7,516M
Jul 5, 2009 through Jul 5, 2026

Cash & equivalents

USD millions

—

Unavailable for FY 2026 Q2.

Net debt

USD millions

—

Unavailable for FY 2026 Q2.

Debt / equity

×

0.28×

Debt / assets

%

12.49%

Net debt / EBITDA

× · TTM

—

Unavailable for FY 2026 Q2.

Debt / FCF

× · TTM

—

Unavailable for FY 2026 Q2.

Interest coverage

× · TTM

—

Unavailable for FY 2026 Q2.

Current ratio

×

1.44×

Diluted shares

Million shares

273.52M shares

Basic shares

Million shares

270.16M shares

Share count growth

%

0.75%

Share repurchases

USD millions

$102M

Quarterly data

General Dynamics capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal periodEndedTotal debtUSD millionsCash & equivalentsUSD millionsNet debtUSD millionsDebt / equity×Debt / assets%Net debt / EBITDA×Debt / FCF×Interest coverage×Current ratio×Diluted sharesMillion sharesBasic sharesMillion sharesShare count growth%Share repurchasesUSD millions
FY 2026 Q2Jul 5, 20267,516——0.28×12.49%———1.44×273.52270.160.75%102
FY 2026 Q1Apr 5, 20268,0143,6544,3600.31×13.58%0.68×1.29×—1.38×274.13270.170.42%217
FY 2025 Q4Dec 31, 20258,0132,3335,6800.31×14%0.9×2.02×—1.44×274.37269.88-1.3%37
FY 2025 Q3Sep 28, 20258,0142,5205,4940.33×13.91%0.88×1.67×—1.4×272.64269.23-1.88%0
FY 2025 Q2Jun 29, 20258,7121,5237,1890.37×15.31%1.18×2.11×—1.36×270.95268.14-2.18%0
FY 2025 Q1Mar 30, 20259,6091,2428,3670.43×16.98%1.41×2.87×—1.34×271.75269.04-1.63%600
FY 2024 Q4Dec 31, 20248,7621,6977,0650.4×15.68%1.24×2.74×—1.37×277.39273.430.21%1,318
FY 2024 Q3Sep 29, 20249,2672,1017,1660.4×16.17%1.3×4.06×—1.32×277.89274.390.66%44
FY 2024 Q2Jun 30, 20249,2611,3627,8990.42×16.7%1.47×4.28×—1.33×277.72274.120.36%34
FY 2024 Q1Mar 31, 20249,2591,0368,2230.43×16.76%1.6×4.48×—1.44×277273.5-0.19%105
FY 2023 Q4Dec 31, 20239,2611,9137,3480.43×16.9%1.44×2.43×10.64×1.44×276.57272.84-0.41%0
FY 2023 Q3Oct 1, 20239,2551,3527,9030.46×17.29%1.58×3×—1.43×274.75272.59-0.49%56
FY 2023 Q2Jul 2, 20239,7551,1548,6010.5×18.56%1.71×3.23×—1.39×275.09273.14-1.13%288
FY 2023 Q1Apr 2, 202310,5022,0388,4640.55×20.16%1.68×3.57×—1.39×276.65274-1.11%90
FY 2022 Q4Dec 31, 202210,4961,2429,2540.57×20.35%1.82×3.03×10.77×1.37×277.56273.96-1.52%110
FY 2022 Q3Oct 2, 202211,4912,4968,9950.65×22.48%1.81×2.51×—1.34×276.38273.92-1.68%25
FY 2022 Q2Jul 3, 202211,4952,2239,2720.66×22.77%1.88×2.38×—1.4×278.94276.27-1.59%800
FY 2022 Q1Apr 3, 202211,4962,9078,5890.64×22.6%1.74×2.15×—1.48×279.94277.07-2.47%294
FY 2021 Q4Dec 31, 202111,4951,6039,8920.65×22.96%1.96×3.4×9.66×1.43×280.72278.19-2.84%337
FY 2021 Q3Oct 3, 202113,6683,13910,5290.87×26.61%2.09×3.18×—1.48×280.41278.6-2.74%139
FY 2021 Q2Jul 4, 202114,3062,95011,3560.93×27.95%2.25×3.64×—1.44×282.21280.74-1.97%593
FY 2021 Q1Apr 4, 202113,1811,81111,3700.86×26.38%2.31×3.65×—1.35×285.2284.1-1.55%759
FY 2020 Q4Dec 31, 202012,9982,82410,1740.83×25.33%2.03×4.5×8.45×1.35×287.49286.31-0.84%86
FY 2020 Q3Sep 27, 202013,3721,46911,9030.91×26.61%2.41×4.98×—1.29×287.23286.45-0.67%0
FY 2020 Q2Jun 28, 202014,5912,30012,2911.05×29.05%2.42×5.55×—1.27×286.93286.39-0.59%52
FY 2020 Q1Mar 29, 202017,9985,33012,6681.36×33.51%2.38×8.49×—1.34×289.94288.570.23%449
FY 2019 Q4Dec 31, 201911,93090211,0280.88×24.43%2.01×5.98×9.85×1.18×290.84288.74-1.51%0
FY 2019 Q3Sep 29, 201913,65097412,6761.01×27.98%2.38×7.56×—1.11×290.89288.37-2.36%0
FY 2019 Q2Jun 30, 201913,93570213,2331.08×28.99%2.51×8.82×—1.09×290.82288.1-2.72%98
FY 2019 Q1Mar 31, 201913,54867312,8751.11×28.54%2.43×6.51×—1.23×290.89287.92-2.86%133
FY 2018 Q4Dec 31, 201812,41796311,4541.06×27.35%2.19×5.05×11.92×1.23×296.44293.18-1.28%1,236
FY 2018 Q3Sep 30, 201813,0811,01012,0711.03×27.85%2.45×5.28×—1.27×299.09295.34-0.94%97
FY 2018 Q2Jul 1, 201814,2781,86212,4161.19×30.28%2.62×5.48×—1.2×300.14296.15-1.21%169
FY 2018 Q1Apr 1, 20186,4794,3322,1470.55×17.41%0.47×2.72×—1.34×301.1296.4-1.78%267
FY 2017 Q4Dec 31, 20173,9822,9839990.35×11.36%0.22×1.15×35.7×1.4×302.04296.97-1.81%386
FY 2017 Q3Oct 1, 20174,8822,7222,1600.42×13.98%0.46×2.14×—1.37×303.75298.15-1.91%271
FY 2017 Q2Jul 2, 20173,9781,8562,1220.36×11.77%0.45×2.07×—1.27×305.35299.79-1.54%547
FY 2017 Q1Apr 2, 20173,8892,1681,7210.37×11.71%0.36×2.04×—1.26×307.28301.77-2%354
FY 2016 Q4Dec 31, 20163,8882,3341,5540.35×11.83%0.33×2.15×43.53×1.2×308.13302.44-3.33%482
FY 2016 Q3Oct 2, 20163,8862,3031,5830.34×11.9%0.34×3.11×—1.29×309.73303.94-4.02%325
FY 2016 Q2Jul 3, 20163,4361,8991,5370.31×10.82%0.33×2.27×—1.19×310.21304.47-6.65%163
FY 2016 Q1Apr 3, 20163,4001,9071,4930.32×10.72%0.32×2.05×—1.14×312.35307.93-6.45%1,026
FY 2015 Q4Dec 31, 20153,3992,7856140.32×10.62%0.13×1.76×42.63×1.17×317.96312.87-5.26%504
FY 2015 Q3Oct 4, 20153,4133,372410.32×10.35%0.01×2.19×—1.16×321.94316.68-4.56%1,164
FY 2015 Q2Jul 5, 20153,4134,032-6190.3×10.14%-0.13×1.06×—1.24×331.43326.15-3.13%945
FY 2015 Q1Apr 5, 20153,4114,412-1,0010.3×9.92%-0.22×0.97×—1.25×334.68329.15-3.82%620
FY 2014 Q4Dec 31, 20143,9114,388-4770.33×11.06%-0.11×1.22×37.76×1.27×336.19330.24-5.79%265
FY 2014 Q3Sep 28, 20143,9115,105-1,1940.3×11.08%-0.28×0.81×—1.24×338.18331.81-5.02%426
FY 2014 Q2Jun 29, 20143,9103,841690.3×11.39%0.02×1.36×—1.3×342.79336.69-4.11%1,261
FY 2014 Q1Mar 30, 20143,9114,296-3850.29×11.38%-0.09×1.54×—1.34×347.25342.23-2.74%1,430
FY 2013 Q4Dec 31, 20133,9095,301-1,3920.27×11.03%-0.33×1.47×35.78×1.47×354.6350.54-0.1%44
FY 2013 Q3Sep 29, 20133,9364,065-1290.31×11.1%-0.08×2.08×—1.42×352.92349.34-0.32%211
FY 2013 Q2Jun 30, 20133,9083,7571510.33×11.25%0.1×1.84×—1.4×352.93351.11-1.11%485
FY 2013 Q1Mar 31, 20133,9103,7451650.34×11.3%0.1×1.64×5.5×1.39×353.52351.87-1.43%0
FY 2012 Q4Dec 31, 20123,9093,2966130.34×11.39%0.42×1.75×4.96×1.35×343.9350.9-1.46%0
FY 2012 Q3Sep 30, 20123,9252,8741,0510.28×11.06%0.24×1.13×22.47×1.28×352.83350.47-2.57%10
FY 2012 Q2Jul 1, 20123,9332,5401,3930.29×11.17%0.32×1.36×22.9×1.27×357.37355.05-3.51%516
FY 2012 Q1Apr 1, 20123,9082,6321,2760.28×11.07%0.29×1.38×23.34×1.42×359.36356.99-4.21%76
FY 2011 Q4Dec 31, 20113,9302,6491,2810.3×11.27%0.29×1.41×24.68×1.38×359.28356.09-5.44%19
FY 2011 Q3Oct 2, 20114,1291,5402,5890.3×12.36%—1.87×26.17×1.34×362.89359.71-5.11%328
FY 2011 Q2Jul 3, 20113,1812,1571,0240.23×9.54%—1.07×26.31×1.28×371.42367.96-4.25%807
FY 2011 Q1Apr 3, 20113,2032,4847190.23×9.68%—1.17×25.36×1.31×376.36372.68-3.16%314
FY 2010 Q4Dec 31, 20103,2032,6135900.24×9.84%0.13×1.22×23.62×1.27×380.74376.59-2.38%459
FY 2010 Q3Oct 3, 20103,2041,8431,3610.24×10.18%—1.18×21.83×1.3×382.54379.09-1.6%215
FY 2010 Q2Jul 4, 20103,8621,8532,0090.3×12.51%—1.58×20.94×1.34×388.53384.3-0.19%311
FY 2010 Q1Apr 4, 20103,8632,0251,8380.3×12.44%0.43×1.52×20.95×1.34×388.98384.82—200
FY 2009 Q4Dec 31, 20093,8642,2631,6010.31×12.43%0.38×1.56×21.49×1.28×390.15385.79—100
FY 2009 Q3Oct 4, 20093,8641,4092,4550.33×12.98%———1.24×388.09385.24—0
FY 2009 Q2Jul 5, 20093,9151,6142,3010.36×13.57%———1.33×387.01385.04—0
Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · GD, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt
Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents
Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt
Total debt − cash and equivalents. Negative means net cash.
Debt / equity
Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets
Total debt / total assets × 100.
Net debt / EBITDA
Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF
Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage
TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio
Current assets / positive current liabilities.
Diluted shares
Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares
Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth
Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases
Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.