Where Will General Electric Be in 1 Year?
The last few years have been rough for General Electric (NYSE: GE). Some of the industrial conglomerate's pain has been outside of management's control, such as weak end markets in the energy and utility spaces. However, a good portion of the problem was self-inflicted, including a debt-heavy balance sheet. With three CEO changes over the past five years, GE appears to finally be getting back in shape. The next year will be an important one -- especially on the leverage front.
The foundation on which every company is built is its balance sheet. Obviously, companies without any debt don't go bankrupt, but companies with too much debt risk failure when times get tough.
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Source Fool.com
