General Motors Company (GM)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 279,761,000 | 273,064,000 | 264,037,000 | 244,718,000 | 235,194,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $279,761,000K
= 0.00
Based on the provided data for General Motors Company, the debt-to-assets ratio remained consistently at 0.00 from December 31, 2020, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has no debt in relation to its total assets during this period. This could signify that General Motors has been effectively managing its debt levels or operating with a capital structure that relies more on equity financing rather than debt financing. It suggests a lower financial risk as the company is not highly leveraged. However, it is important to note that a low debt-to-assets ratio may also imply missed opportunities for leveraging debt for potential growth or tax advantages. Further analysis of other financial metrics and industry comparisons would provide a more comprehensive understanding of General Motors' overall financial health and performance.
Peer comparison
Dec 31, 2024