Dollar Amounts
USD (Millions)
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Assets | $1,988 | $2,443 | $2,439 | $2,722 | $3,139 |
| Liabilities | $704 | $734 | $579 | $498 | $555 |
| Equity | $1,284 | $1,709 | $1,860 | $2,224 | $2,584 |
Balance sheet data in USD (millions)
Doing some research...
Edwyn
Over the past five years, Graco Inc. has shown steady growth in its financial position. Total assets have increased consistently from $1.988 billion in 2020 to $3.139 billion in 2024, indicating the company's expansion and potential for future investments. This growth in assets suggests that Graco has been effectively utilizing its resources to drive business growth and increase its market presence. Simultaneously, total liabilities have shown a varying trend, decreasing from $704.224 million in 2020 to $555.077 million in 2024. This reduction indicates that Graco has been efficiently managing its debt levels, potentially lowering financial risks and enhancing its financial stability. The steady increase in stockholders' equity from $1.283 billion in 2020 to $2.584 billion in 2024 reflects the shareholders' confidence in the company and its ability to generate long-term value. Overall, Graco Inc.'s financial performance demonstrates a positive trajectory, with a strong balance sheet and improving financial health. The company's ability to grow its assets while effectively managing liabilities positions it well for continued success in the industry.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.