General Motors Company (GM)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 64,286,000 | 67,792,000 | 59,744,000 | 45,030,000 | 41,792,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $64,286,000K)
= 0.00
The debt-to-capital ratio for General Motors Company has exhibited some variation over the past five years. The ratio stood at 0.71 in both 2020 and 2019, which decreased to 0.65 in 2021, remained constant in 2022, and then increased to 0.65 again in 2023. This ratio indicates the proportion of the company's capital that is financed through debt, with a higher ratio suggesting a larger reliance on debt financing. General Motors Company's debt-to-capital ratio has shown a consistent reliance on debt to finance its operations, as evidenced by the ratio consistently being above 0.60. This implies that the company has a significant portion of its capital structure funded by debt. It would be important for stakeholders and investors to closely monitor this ratio to assess the company's financial risk and leverage position.
Peer comparison
Dec 31, 2023