GE Aerospace debt and dilution—

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

Total debt

USD millions

$19,157M

Cash & equivalents

USD millions

—

Net debt

USD millions

—

Debt / equity

1.07×

Debt / assets

15%

Net debt / EBITDA

× · TTM

—

Debt / FCF

× · TTM

2.28×

Interest coverage

× · TTM

—

Current ratio

0.98×

Diluted shares

Million shares

1,047M shares

Basic shares

Million shares

1,040M shares

Share count growth

-2.16%

Share repurchases

USD millions

$2,128M

Quarterly data

GE Aerospace capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q2	Jun 30, 2026	19,157	—	—	1.07×	15%	—	2.28×	—	0.98×	1,047	1,040	-2.16%	2,128
FY 2026 Q1	Mar 31, 2026	20,277	—	—	1.11×	15.79%	—	2.72×	—	1.01×	1,054	1,046	-2.24%	2,399
FY 2025 Q4	Dec 31, 2025	20,494	—	—	1.08×	15.74%	—	2.82×	—	1.04×	1,059.1	1,052.1	-2.5%	1,997
FY 2025 Q3	Sep 30, 2025	20,838	—	—	1.1×	16.25%	—	3.23×	—	1.08×	1,065	1,058	-2.31%	1,844
FY 2025 Q2	Jun 30, 2025	18,887	—	—	0.98×	15.08%	—	3.44×	—	1.04×	1,071	1,063	-2.39%	1,745
FY 2025 Q1	Mar 31, 2025	19,571	—	—	1.01×	15.77%	—	4.44×	—	1.08×	1,078	1,070	-1.92%	1,965
FY 2024 Q4	Dec 31, 2024	19,273	—	—	0.99×	15.65%	—	5.24×	—	1.09×	1,082.09	1,079.04	-20.92%	1,668
FY 2024 Q3	Sep 30, 2024	19,921	—	—	1.04×	15.72%	—	3.79×	—	1.13×	1,093	1,083	-20.56%	1,536
FY 2024 Q2	Jun 30, 2024	19,673	—	—	1.04×	15.97%	—	3.62×	—	1.14×	1,100	1,089	-20.19%	2,301
FY 2024 Q1	Mar 31, 2024	20,525	—	—	0.66×	12.52%	—	4.36×	—	1.17×	1,103	1,091	-20.04%	322
FY 2023 Q4	Dec 31, 2023	20,964	—	—	0.73×	12.86%	—	5.85×	—	1.18×	1,380.77	1,364.52	510.72%	288
FY 2023 Q3	Sep 30, 2023	20,822	—	—	0.7×	13.29%	—	4.1×	—	1.17×	1,377.05	1,363.26	-22.44%	313
FY 2023 Q2	Jun 30, 2023	21,782	—	—	0.67×	13.36%	—	4.55×	—	1.25×	1,375.79	1,364.52	-22.65%	323
FY 2023 Q1	Mar 31, 2023	22,421	—	—	0.68×	13.63%	—	4.57×	—	1.25×	1,374.54	1,364.52	-22.72%	309
FY 2022 Q4	Dec 31, 2022	32,350	—	—	0.86×	17.23%	—	7.12×	—	1.16×	248.28	223.43	-87.36%	360
FY 2022 Q3	Sep 30, 2022	30,406	—	—	0.93×	16.81%	—	11.99×	—	1.1×	1,757.58	1,757.58	-0.27%	318
FY 2022 Q2	Jun 30, 2022	32,518	—	—	0.9×	17.53%	—	9.41×	—	1.13×	1,764	1,764	0.14%	331
FY 2022 Q1	Mar 31, 2022	33,634	—	—	0.83×	17.52%	—	9.67×	—	1.19×	1,765.6	1,765.6	0.32%	39
FY 2021 Q4	Dec 31, 2021	35,185	—	—	0.85×	17.69%	—	16.9×	—	1.28×	1,767.16	1,767.16	0.49%	—
FY 2021 Q3	Sep 30, 2021	62,888	—	—	1.61×	26.52%	—	23.93×	—	1.8×	1,773.63	1,762.39	0.32%	—
FY 2021 Q2	Jun 30, 2021	63,524	—	—	1.81×	26.74%	—	49.21×	—	1.81×	1,761.59	1,761.59	0.34%	—
FY 2021 Q1	Mar 31, 2021	71,358	—	—	2.03×	29.11%	—	—	—	1.96×	1,767.01	1,759.98	—	—
FY 2020 Q4	Dec 31, 2020	75,001	—	—	2.02×	29.59%	—	217.39×	—	1.58×	1,761.36	1,758.56	0.37%	—
FY 2020 Q3	Sep 30, 2020	79,463	—	—	2.28×	31.25%	—	28.15×	—	—	1,756.77	1,756.77	0.3%	—
FY 2020 Q2	Jun 30, 2020	81,878	—	—	2.32×	31.92%	—	23.62×	—	—	1,755.57	1,755.57	0.3%	—
FY 2019 Q4	Dec 31, 2019	90,882	—	—	3.04×	34.16%	—	30.71×	—	1.31×	1,752.14	1,752.14	13.92%	—
FY 2019 Q3	Sep 30, 2019	93,244	—	—	3.2×	35.45%	—	—	—	—	1,751.56	1,751.56	-3.45%	—
FY 2019 Q2	Jun 30, 2019	105,778	—	—	1.88×	33.89%	—	—	—	—	1,750.35	1,750.35	-3.45%	—
FY 2019 Q1	Mar 31, 2019	107,526	—	—	1.93×	34.13%	—	—	—	—	1,750.76	1,747.75	-3.54%	—
FY 2018 Q4	Dec 31, 2018	109,958	—	—	2.14×	35.57%	—	—	—	—	1,538	1,538	-15.09%	—
FY 2018 Q3	Sep 30, 2018	114,966	—	—	2.4×	36.88%	—	—	—	—	1,814.11	1,814.11	0.33%	—
FY 2018 Q2	Jun 30, 2018	115,573	—	—	1.61×	33.72%	—	43.48×	—	—	1,815.15	1,812.86	0.2%	—
FY 2018 Q1	Mar 31, 2018	125,839	—	—	1.72×	35.14%	—	33.22×	—	—	1,814.53	1,811.81	-0.36%	—
FY 2017 Q4	Dec 31, 2017	134,591	43,299	91,292	1.64×	35.61%	—	44.06×	—	—	1,758.78	1,811.41	-1.5%	—
FY 2017 Q3	Sep 30, 2017	136,392	—	—	1.45×	36.08%	—	—	—	—	1,822.04	1,808.06	-2.68%	—
FY 2017 Q2	Jun 30, 2017	134,402	—	—	1.77×	37.81%	—	—	—	—	1,827.88	1,809.31	-4.49%	—
FY 2017 Q1	Mar 31, 2017	—	—	—	—	—	—	—	—	—	1,838.52	1,818.28	-6.18%	—
FY 2016 Q4	Dec 31, 2016	136,210	48,129	88,081	1.76×	37.3%	7.43×	—	—	—	1,860.96	1,839.05	-7.48%	40,725
FY 2016 Q3	Sep 30, 2016	149,432	—	—	1.79×	38.54%	—	—	—	—	1,881.3	1,857.93	-11.87%	4,416
FY 2016 Q2	Jun 30, 2016	156,436	—	—	1.8×	38.97%	—	—	—	—	1,912.18	1,894.44	-9.99%	—
FY 2016 Q1	Mar 31, 2016	—	—	—	—	—	—	—	—	—	1,955.58	1,938.05	-7.74%	—
FY 2015 Q4	Dec 31, 2015	198,276	70,483	127,793	1.98×	40.24%	10.26×	15.76×	—	—	2,047.24	1,987.63	-5.25%	—
FY 2015 Q3	Sep 30, 2015	—	—	—	—	—	—	—	—	—	2,122.72	2,108.11	0.64%	—
FY 2015 Q2	Jun 30, 2015	—	—	—	—	—	—	—	—	—	2,119.59	2,104.77	0.56%	—
FY 2015 Q1	Mar 31, 2015	—	—	—	—	—	—	—	—	—	2,100.6	2,100.6	0.22%	—
FY 2014 Q4	Dec 31, 2014	240,658	—	—	1.76×	37.12%	—	17.21×	—	—	2,113.52	2,097.87	-0.49%	—
FY 2014 Q3	Sep 30, 2014	—	—	—	—	—	—	—	—	—	2,111.45	2,094.76	-1.1%	—
FY 2014 Q2	Jun 30, 2014	—	—	—	—	—	—	—	—	—	2,109.57	2,093.09	-2.26%	—
FY 2014 Q1	Mar 31, 2014	—	—	—	—	—	—	—	—	—	2,112.29	2,096.01	-3.17%	—
FY 2013 Q4	Dec 31, 2013	—	—	—	—	—	—	—	—	—	—	2,108.18	-3.19%	—
FY 2013 Q3	Sep 30, 2013	—	—	—	—	—	—	—	—	—	—	2,118.13	-3.54%	—
FY 2013 Q2	Jun 30, 2013	—	—	—	—	—	—	—	—	—	—	2,141.5	—	—
FY 2013 Q1	Mar 31, 2013	—	—	—	—	—	—	—	—	—	—	2,164.66	—	—
FY 2012 Q4	Dec 31, 2012	—	—	—	—	—	—	—	1.83×	—	—	2,177.73	—	—
FY 2012 Q3	Sep 30, 2012	—	—	—	—	—	—	—	—	—	—	2,195.75	—	—
FY 2012 Q2	Jun 30, 2012	—	74,295	—	—	—	—	—	—	—	—	—	—	—
FY 2012 Q1	Mar 31, 2012	—	83,650	—	—	—	—	—	—	—	—	—	—	—
FY 2011 Q4	Dec 31, 2011	416,110	84,501	331,609	3.52×	58.02%	11.14×	20.09×	1.41×	—	—	—	—	—
FY 2011 Q3	Sep 30, 2011	—	91,368	—	—	—	—	—	—	—	—	—	—	—
FY 2011 Q2	Jun 30, 2011	—	91,053	—	—	—	—	—	—	—	—	—	—	—
FY 2011 Q1	Mar 31, 2011	—	82,173	—	—	—	—	—	—	—	—	—	—	—
FY 2010 Q4	Dec 31, 2010	429,737	78,958	350,779	3.46×	57.21%	12.87×	16.33×	1.08×	—	—	—	—	—
FY 2010 Q3	Sep 30, 2010	—	78,392	—	—	—	—	—	—	—	—	—	—	—
FY 2010 Q2	Jun 30, 2010	—	73,848	—	—	—	—	—	—	—	—	—	—	—
FY 2010 Q1	Mar 31, 2010	—	69,628	—	—	—	—	—	—	—	—	—	—	—
FY 2009 Q4	Dec 31, 2009	477,110	72,260	404,850	3.81×	61.03%	15.43×	29.9×	0.85×	—	—	—	—	—
FY 2009 Q3	Sep 30, 2009	—	61,374	—	—	—	—	—	—	—	—	—	—	—
FY 2009 Q2	Jun 30, 2009	—	52,316	—	—	—	—	—	—	—	—	—	—	—

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 · GE, 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.