General Motors Company (GM)

Debt-to-capital ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	63,072,000	64,286,000	67,792,000	59,744,000	45,030,000
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $63,072,000K)
= 0.00

General Motors Company has consistently maintained a debt-to-capital ratio of 0.00 across the years 2020 to 2024. This indicates that the company has not relied on debt significantly to finance its operations and investments during this period. A debt-to-capital ratio of 0.00 suggests that General Motors' capital structure is primarily equity-funded, which can be viewed positively by investors and creditors as it signifies lower financial risk associated with excessive debt. It also indicates a strong financial position and the ability to meet financial obligations without being heavily leveraged. However, it is important to consider the potential implications of an extremely low debt-to-capital ratio, such as missed opportunities for tax benefits related to debt financing and potentially slower growth due to limited leveraging of capital. Overall, General Motors' consistent 0.00 debt-to-capital ratio reflects a strategic approach to managing its financial structure over the analyzed period.