Ford Motor Co. (NYSE:F)

The asset composition of the entity demonstrates notable shifts between 2021 and 2025. Current assets, while remaining the largest component of the balance sheet, exhibit a gradual decline as a percentage of total assets, decreasing from 42.41% to 42.71% over the period. Conversely, non-current assets show a slight overall increase, moving from 57.59% to 57.29% of total assets. Within these broad categories, specific asset items reveal more nuanced trends.

Liquidity and Short-Term Assets

Cash and cash equivalents experienced initial growth, peaking at 9.82% in 2022, before declining to 8.08% in 2025. Marketable securities demonstrate a consistent decrease, falling from 11.30% in 2021 to 5.23% in 2025. This suggests a potential shift in investment strategy or utilization of liquid assets for operational needs. Trade and other receivables show an increase initially, followed by a stabilization around 5.3% in the later years. Inventories also show a slight increase, stabilizing around 5.3% in 2025.

Ford Credit and Financing

Ford Credit finance receivables, net of allowance for credit losses, consistently represent a significant portion of both current and non-current assets. The current portion of these receivables increased substantially from 12.66% in 2021 to 18.18% in 2024, before decreasing slightly to 16.99% in 2025. The non-current portion also increased, rising from 19.94% to 21.25% over the same period, indicating a growing reliance on financing activities.

Long-Term Investments and Fixed Assets

Net investment in operating leases decreased from 10.26% in 2021 to 8.05% in 2024, then increased to 9.87% in 2025. Net property remains a substantial component of non-current assets, fluctuating around 14.5% before decreasing to 12.90% in 2025. Equity in net assets of affiliated companies experienced volatility, peaking in 2023 at 2.03% before falling to 0.95% in 2025. Deferred income taxes increased from 5.37% to 7.59% over the period, potentially reflecting changes in tax liabilities or deferred tax assets.

Other Assets

The proportion of other assets increased slightly over the period, both in current and non-current categories. This suggests a growing allocation to miscellaneous assets not specifically categorized elsewhere on the balance sheet.

Overall, the asset structure indicates a shift towards a greater proportion of financed receivables and a slight decrease in readily liquid assets. The changes in deferred income taxes and equity in affiliated companies warrant further investigation to understand their underlying causes and potential impact on the entity’s financial position.