General Motors Company (GM)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—
Total assets	US$ in thousands	273,064,000	264,037,000	244,718,000	235,194,000	228,037,000
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $273,064,000K
= 0.00

The debt-to-assets ratio of General Motors Company has shown a relatively consistent trend over the past five years. The ratio has fluctuated within a narrow range, indicating a moderate level of debt relative to the company's total assets.

For the most recent year, as of December 31, 2023, the debt-to-assets ratio stood at 0.45, suggesting that 45% of the company's assets were financed by debt. This figure was similar to the ratio of 0.43 in the previous year and 0.45 in 2021. The slight variation in the ratio suggests that the company has maintained a stable proportion of debt in relation to its total assets during this period.

Although there was a slightly higher debt-to-assets ratio of 0.47 in 2020, it returned to 0.45 in 2019, signifying a consistent trend in managing the company's debt levels relative to its asset base.

Overall, the debt-to-assets ratio indicates that General Motors Company has maintained a relatively stable level of debt financing in relation to its total assets over the past five years. This suggests a balanced approach to capital structure management and a moderate level of financial risk associated with the company's debt obligations.