Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
General Motors Co., liquidity ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Current ratio | 1.08 | 1.10 | 1.10 | 1.01 | 0.88 | |
| Quick ratio | 0.83 | 0.86 | 0.84 | 0.79 | 0.67 | |
| Cash ratio | 0.28 | 0.34 | 0.39 | 0.36 | 0.27 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | General Motors Co. current ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | General Motors Co. quick ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | General Motors Co. cash ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Current Ratio
General Motors Co., current ratio calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current assets | 101,618) | 100,451) | 82,103) | 80,924) | 74,992) | |
| Current liabilities | 94,445) | 91,173) | 74,408) | 79,910) | 84,905) | |
| Liquidity Ratio | ||||||
| Current ratio1 | 1.08 | 1.10 | 1.10 | 1.01 | 0.88 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| Ford Motor Co. | 1.20 | 1.20 | 1.20 | 1.20 | 1.16 | |
| Tesla Inc. | 1.73 | 1.53 | 1.38 | 1.88 | 1.13 | |
| Current Ratio, Sector | ||||||
| Automobiles & Components | 1.21 | 1.20 | 1.18 | 1.17 | 1.04 | |
| Current Ratio, Industry | ||||||
| Consumer Discretionary | 1.18 | 1.14 | 1.24 | 1.18 | 1.08 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 101,618 ÷ 94,445 = 1.08
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | General Motors Co. current ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Quick Ratio
General Motors Co., quick ratio calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 18,853) | 19,153) | 20,067) | 19,992) | 19,069) | |
| Marketable debt securities | 7,613) | 12,150) | 8,609) | 9,046) | 4,174) | |
| Accounts and notes receivable, net of allowance | 12,378) | 13,333) | 7,394) | 8,035) | 6,797) | |
| GM Financial receivables, net of allowance | 39,076) | 33,623) | 26,649) | 26,209) | 26,601) | |
| Total quick assets | 77,920) | 78,259) | 62,719) | 63,282) | 56,641) | |
| Current liabilities | 94,445) | 91,173) | 74,408) | 79,910) | 84,905) | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 0.83 | 0.86 | 0.84 | 0.79 | 0.67 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| Ford Motor Co. | 1.01 | 1.02 | 1.03 | 1.05 | 0.99 | |
| Tesla Inc. | 1.13 | 0.94 | 1.00 | 1.49 | 0.71 | |
| Quick Ratio, Sector | ||||||
| Automobiles & Components | 0.95 | 0.94 | 0.95 | 0.98 | 0.84 | |
| Quick Ratio, Industry | ||||||
| Consumer Discretionary | 0.84 | 0.81 | 0.92 | 0.89 | 0.77 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 77,920 ÷ 94,445 = 0.83
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | General Motors Co. quick ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Cash Ratio
General Motors Co., cash ratio calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 18,853) | 19,153) | 20,067) | 19,992) | 19,069) | |
| Marketable debt securities | 7,613) | 12,150) | 8,609) | 9,046) | 4,174) | |
| Total cash assets | 26,466) | 31,303) | 28,676) | 29,038) | 23,243) | |
| Current liabilities | 94,445) | 91,173) | 74,408) | 79,910) | 84,905) | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 0.28 | 0.34 | 0.39 | 0.36 | 0.27 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| Ford Motor Co. | 0.85 | 0.85 | 0.91 | 0.95 | 0.90 | |
| Tesla Inc. | 1.01 | 0.83 | 0.90 | 1.36 | 0.59 | |
| Cash Ratio, Sector | ||||||
| Automobiles & Components | 0.63 | 0.63 | 0.70 | 0.74 | 0.61 | |
| Cash Ratio, Industry | ||||||
| Consumer Discretionary | 0.57 | 0.55 | 0.71 | 0.70 | 0.56 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 26,466 ÷ 94,445 = 0.28
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | General Motors Co. cash ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |