General Motors Co (NYSE:GM) Debt-to-Equity

: 1.65 (As of Jun. 2023)

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General Motors Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $36,668 Mil. General Motors Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $81,375 Mil. General Motors Co's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $71,655 Mil. General Motors Co's debt to equity for the quarter that ended in Jun. 2023 was 1.65.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for General Motors Co's Debt-to-Equity or its related term are showing as below:

GM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.85 Med: 1.81 Max: 3.26
Current: 1.65

During the past 13 years, the highest Debt-to-Equity Ratio of General Motors Co was 3.26. The lowest was 0.85. And the median was 1.81.

GM's Debt-to-Equity is ranked worse than
87.38% of 1125 companies
in the Vehicles & Parts industry
Industry Median: 0.46 vs GM: 1.65

General Motors Co Debt-to-Equity Historical Data

The historical data trend for General Motors Co's Debt-to-Equity 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.

* Premium members only.

General Motors Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

2.70

2.50

2.46

1.85

1.71

General Motors Co Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Equity																1.73	1.73	1.71	1.64	1.65

Competitive Comparison

For the Auto Manufacturers subindustry, General Motors Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Annual Data Quarterly Data

General Motors Co Debt-to-Equity Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, General Motors Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where General Motors Co's Debt-to-Equity falls in comparison to its industry or sector. The grey bar indicates the Debt-to-Equity's extreme value range as defined by GuruFocus.

General Motors Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

General Motors Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(38778	+	76888)	/	67792
	=	1.71

General Motors Co's Debt to Equity Ratio for the quarter that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(36668	+	81375)	/	71655
	=	1.65

General Motors Co (NYSE:GM) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

General Motors Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of General Motors Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

General Motors Co (NYSE:GM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » General Motors Co (NYSE:GM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GM:Peru GM:Mexico 8GMd:UK 0R0E:UK 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 is providing driverless geofenced AV robotaxi services in San Francisco and other cities and has an exclusive deal with Dubai to do the same. GM owns over 80% of Cruise. GM Financial became the company's captive finance arm in October 2010 via the purchase of AmeriCredit.

Executives

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
Jon Mcneill	director	45500 FREMONT BLVD, FREMONT CA 94538
Joanne C. Crevoiserat	director	6301 FITCH PATH, NEW ALBANY OH 43054
Aneel Bhusri	director
Margaret C Whitman	director	EBAY INC., 2145 HAMILTON AVENUE, SAN JOSE CA 95125
Mark A. Tatum	director	300 RENAISSANCE CENTER, M/C: 482-C24-A68, DETROIT MI 48265
Stephen K. Carlisle	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
John P. Stapleton	officer: CFO	300 RENAISSANCE CENTER, M/C: 482-C24-A68, DETROIT MI 48265
Julian G. Blissett	officer: Executive Vice President	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
Gerald Johnson	officer: Executive Vice President	300 RENAISSANCE CENTER, M/C: 482-C23-A68, DETROIT MI 48265
Wesley G Bush	director	333 MAPLE AVENUE EAST, #3080, VIENNA VA 22180