Does GE Have Too Much Debt? Not for Long.

For years, bears have criticized General Electric (NYSE: GE) for its heavy debt burden. Not too long ago, it was a reasonable concern: At the beginning of 2018, GE was drowning under a $134.6 billion debt load.

However, GE has worked hard to sell assets over the past three years, allowing it to pay down debt. And while the company's debt load may still seem high today, General Electric has a clear plan to significantly reduce its leverage and restore its balance sheet to health over the next couple of years.

Since recognizing the need to pay down debt a few years ago, GE has sold a slew of assets to raise cash. For example, it divested various pieces of its power business, a healthcare IT business, and its transportation segment, netting over $10 billion of cash proceeds.

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Source Fool.com