General Motors Company (GM)
Debt-to-assets 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 273,064,000 | 281,705,000 | 275,833,000 | 267,004,000 | 264,037,000 | 260,529,000 | 253,517,000 | 251,492,000 | 244,718,000 | 238,557,000 | 241,803,000 | 238,411,000 | 235,194,000 | 239,671,000 | 237,535,000 | 246,624,000 | 228,037,000 | 231,529,000 | 233,737,000 | 233,132,000 |
| Debt-to-assets 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 | 0.00 | 0.00 | 0.00 | 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 relative stability in the recent quarters, hovering around the range of 0.42 to 0.45. This indicates that the company has been utilizing a moderate level of debt to finance its assets. A lower ratio would indicate a lower reliance on debt for financing, while a higher ratio would suggest higher financial leverage.
The consistent ratio over the quarters suggests that General Motors has been managing its debt and assets in a balanced manner, maintaining a level of financial stability. It is essential for investors and creditors to monitor this ratio to assess the company's solvency and financial risk, as changes in the ratio could indicate shifts in the company's financing and investment strategies.
Peer comparison
Dec 31, 2023