General Motors Company (GM)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	64,286,000	74,475,000	71,655,000	69,877,000	67,792,000	65,268,000	63,954,000	62,095,000	59,744,000	54,150,000	51,669,000	48,343,000	45,030,000	43,341,000	39,304,000	40,113,000	41,792,000	44,554,000	42,816,000	40,765,000
Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $64,286,000K
= 0.00

The debt-to-equity ratio of General Motors Company has shown fluctuation over the past eight quarters. The ratio, which measures the proportion of the company's debt to its equity, was highest at 1.89 on Dec 31, 2023, and lowest at 1.60 on Sep 30, 2023. This indicates that the company has been relying more on debt financing in recent quarters.

A higher debt-to-equity ratio can indicate that the company is financing its growth through debt rather than equity, which can lead to higher financial risk. On the other hand, a lower ratio may imply that the company is relying more on equity financing, which can indicate a conservative approach to capital structure.

It is important to consider the industry benchmarks and the company's specific circumstances when interpreting this ratio. Additionally, analyzing trends in the ratio over time can provide insights into the company's financial leverage and risk management strategies. Therefore, further analysis of General Motors Company's overall financial health and future prospects would be necessary to fully assess the implications of its debt-to-equity ratio.