General Motors Co (General Motors Co) Interest Expense

: $-911 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. General Motors Co's interest expense for the three months ended in Dec. 2023 was $ -222 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-911 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. General Motors Co's Operating Income for the three months ended in Dec. 2023 was $ 918 Mil. General Motors Co's Interest Expense for the three months ended in Dec. 2023 was $ -222 Mil. General Motors Co's Interest Coverage for the quarter that ended in Dec. 2023 was 4.14. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

General Motors Co Interest Expense Historical Data

The historical data trend for General Motors Co's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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General Motors Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-782.00

-1,098.00

-950.00

-987.00

-911.00

General Motors Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-268.00	-234.00	-226.00	-229.00	-222.00

General Motors Co Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-911 Mil.

General Motors Co (NYSE:GM) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

General Motors Co's Interest Expense for the three months ended in Dec. 2023 was $-222 Mil. Its Operating Income for the three months ended in Dec. 2023 was $918 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $83,680 Mil.

General Motors Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	918	/	-222
	=	4.14

The higher the ratio, the stronger the company's financial strength is.

General Motors Co (General Motors Co) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

GM:Peru GM:Mexico 1GM:Italy 8GMd:UK 0R0E:UK 8GM:Germany 8GM:Germany 8GM:Germany 8GM:Germany GMCO34:Brazil GMOT:Austria

Address

300 Renaissance Center, Detroit, MI, USA, 48265-3000

Website

https://www.gm.com

General Motors Co. emerged from the bankruptcy of General Motors Corp. (old GM) in July 2009. GM has eight brands and operates under four segments: GM North America, GM International, Cruise, and GM Financial. The United States now has four brands instead of eight under old GM. The company regained its U.S. market share leader crown in 2022, after losing it to Toyota due to the chip shortage in 2021, with share up 170 basis points to 16.4%, a full percentage point ahead of Toyota. GM's Cruise autonomous vehicle arm has previously done driverless geofenced AV robotaxi services in San Francisco and other cities but stopped in late 2023 after an accident. GM owns over 80% of Cruise. GM Financial became the company's captive finance arm in October 2010 via the purchase of AmeriCredit.

Executives

Mark L Reuss	officer: Vice President	300 RENAISSANCE CENTER, M/C: 482-C25-A36, DETROIT MI 48265-3000
Jan E Tighe	director	C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Rory Harvey	officer: Executive Vice President	300 RENAISSANCE CENTER, M/C: 482-C24-A68, DETROIT MI 48265
Michael Robert Abbott	officer: Executive Vice President	300 RENAISSANCE CENTER, M/C: 482-C24-A68, DETROIT MI 48265
Paul A Jacobson	officer: Executive Vice President & CFO	300 RENAISSANCE CENTER, M/C: 482-C24-A68, DETROIT MI 48265
Gerald Johnson	officer: Executive Vice President	300 RENAISSANCE CENTER, M/C: 482-C23-A68, DETROIT MI 48265
Stephen K. Carlisle	officer: Executive Vice President	300 RENAISSANCE CENTER, M/C: 482-C24-A68, DETROIT MI 48265
Jon Mcneill	director	45500 FREMONT BLVD, FREMONT CA 94538
Joanne C. Crevoiserat	director	6301 FITCH PATH, NEW ALBANY OH 43054
Wesley G Bush	director	333 MAPLE AVENUE EAST, #3080, VIENNA VA 22180
Julian G. Blissett	officer: Executive Vice President	300 RENAISSANCE CENTER, M/C: 482-C24-A68, DETROIT MI 48265
Patricia F Russo	director	300 RENAISSANCE CENTER, M/C: 482-C24-A68, DETROIT MI 48265
Douglas L Parks	officer: Executive Vice President	300 RENAISSANCE CENTER, M/C: 482-C23-A68, DETROIT MI 48265
Craig B. Glidden	officer: Executive Vice President & GC	300 RENAISSANCE CENTER., M/C: 482-C25-A36, DETROIT MI 48265-3000
Christopher Hatto	officer: VP, Controller & CAO	27175 HAGGERTY ROAD, NOVI MI 49377