Ford Motor Company (F)

Debt-to-equity ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	291,000	—	—	—	470,000	—	—	—
Total stockholders’ equity	US$ in thousands	42,773,000	44,263,000	43,677,000	42,366,000	43,242,000	42,125,000	44,169,000	44,985,000	48,519,000	36,593,000	34,664,000	33,828,000	30,690,000	33,125,000	30,824,000	29,650,000	33,185,000	35,349,000	36,097,000	36,398,000
Debt-to-equity ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.01	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $42,773,000K
= 0.00

The debt-to-equity ratio of Ford Motor Co. has been relatively high and showing a slight increasing trend over the past eight quarters. In Q4 2023, the ratio stood at 3.49, indicating that the company's level of debt is significantly higher than its equity. This suggests that Ford relies heavily on debt to finance its operations and investments compared to shareholder equity.

Although the ratio has fluctuated over the quarters, it has generally been above 3, indicating a higher reliance on debt financing. This may signify potential financial leverage risks for the company, as increased debt levels can lead to higher interest payments and financial obligations that could impact Ford's financial stability in the long term.

It is important for investors and stakeholders to closely monitor Ford's debt levels and its ability to manage its debt effectively, as a high debt-to-equity ratio can potentially make the company more vulnerable to economic downturns or changes in interest rates.