General Motors Company (GM)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $63,072,000K
= 0.00
Based on the provided data, General Motors Company has consistently maintained a debt-to-equity ratio of 0.00 from December 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt in relation to its equity during this period. This suggests that General Motors Company has primarily funded its operations and growth using equity capital rather than debt financing. A lower debt-to-equity ratio typically indicates lower financial risk and a stronger financial position for the company, as it implies lower reliance on borrowing. However, it's important to note that while a low debt-to-equity ratio is generally favorable, it may also signify missed opportunities to leverage debt for potential growth or tax advantages.
Peer comparison
Dec 31, 2024