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To: Dudoight
GE is definitely not debt free. GE's March 31, 2002, balance sheet shows almost $94 billion in long-term debt and over $445 billion in total liabilities.
8 posted on 06/30/2002 9:42:54 PM PDT by TheCPA
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To: TheCPA
GE is definitely not debt free. GE's March 31, 2002, balance sheet shows almost $94 billion in long-term debt and over $445 billion in total liabilities.

My concern with GE would be GE Capital. I know their aircraft engine division must be hurting form the decline in the aerospace sector but their 10k shows a profit increase, I am not sure about their medical division since it appears to belumped in with some other things, and their appliance division must be doing OK with all of the housing activity but is only a small portion of their overall business. GE Capital is almost half their business. Any insight into GE Capital and would that be a key source of some concern? On paper the company looks solid but my background is econ, not accounting and based on your screen name I am assuming you are much better at reading this stuff than I am.

9 posted on 06/30/2002 10:10:04 PM PDT by L_Von_Mises
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