Stock Analysis on Net
Stock Analysis on Net

Ford Motor Co. (NYSE:F)

Common-Size Balance Sheet: Assets 
Quarterly Data

Ford Motor Co., common-size consolidated balance sheet: assets (quarterly data)

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Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Cash and cash equivalents 8.90 7.86 7.33 8.04 8.17 7.21 7.19 9.10 9.86 9.93 8.62 9.82 8.73 7.94 8.31 7.99 10.86 9.24 8.37 9.45 9.33 11.50 9.83
Marketable securities 5.12 4.95 5.05 5.40 4.69 5.28 5.37 5.60 5.48 6.17 6.76 7.40 7.54 6.99 7.99 11.30 7.52 7.28 9.31 9.25 7.91 9.70 7.72
Ford Credit finance receivables, net of allowance for credit losses 16.02 16.26 16.87 18.18 17.19 17.15 16.26 16.99 15.88 16.00 15.71 15.13 13.73 12.50 12.96 12.66 12.90 13.82 15.59 15.87 16.10 15.86 20.78
Trade and other receivables, less allowances 6.38 6.73 6.05 5.16 5.74 6.07 6.82 5.71 5.64 5.44 5.81 6.15 5.98 6.12 5.15 4.42 4.29 3.52 4.01 3.74 3.89 3.38 2.51
Inventories 5.48 5.90 6.29 5.24 6.28 6.21 6.79 5.73 6.84 6.66 6.31 5.50 6.16 5.69 5.79 4.69 5.35 5.47 4.89 4.04 4.07 3.79 4.28
Other assets 1.53 1.55 1.66 1.61 1.52 1.64 1.53 1.33 1.57 1.56 1.61 1.52 1.63 1.64 1.76 1.33 1.42 1.43 1.52 1.34 1.69 1.83 1.92
Current assets 43.43% 43.25% 43.25% 43.65% 43.58% 43.57% 43.96% 44.45% 45.27% 45.76% 44.83% 45.52% 43.77% 40.88% 41.96% 42.41% 42.33% 40.75% 43.68% 43.68% 43.00% 46.08% 47.05%
Ford Credit finance receivables, net of allowance for credit losses 19.98 20.45 20.75 20.96 20.86 21.03 20.77 20.36 19.93 19.76 19.89 19.50 19.31 20.24 19.76 19.94 20.12 20.86 20.16 20.68 21.41 20.04 19.36
Net investment in operating leases 8.99 8.66 8.37 8.05 7.80 7.79 7.70 7.82 7.99 8.14 8.57 8.90 9.54 9.98 10.10 10.26 10.58 11.09 10.66 10.46 10.73 10.29 10.79
Net property 14.86 14.99 14.93 14.70 14.34 14.72 14.77 14.94 14.69 14.48 14.79 14.56 14.39 14.71 14.48 14.45 14.48 14.78 13.94 13.88 13.89 13.10 13.36
Equity in net assets of affiliated companies 1.78 1.72 1.82 2.39 2.80 2.61 2.31 2.03 1.64 1.35 1.34 1.09 1.04 1.71 1.70 1.77 1.83 1.84 1.80 1.83 1.82 1.73 0.86
Deferred income taxes 6.05 5.92 5.98 5.74 6.00 5.95 6.10 6.21 5.84 5.96 6.06 6.08 6.14 6.12 5.93 5.37 4.71 4.94 4.64 4.65 4.20 4.11 4.13
Other assets 4.91 5.01 4.90 4.51 4.62 4.33 4.40 4.19 4.64 4.55 4.52 4.34 5.82 6.35 6.08 5.81 5.94 5.75 5.12 4.82 4.95 4.66 4.44
Non-current assets 56.57% 56.75% 56.75% 56.35% 56.42% 56.43% 56.04% 55.55% 54.73% 54.24% 55.17% 54.48% 56.23% 59.12% 58.04% 57.59% 57.67% 59.25% 56.32% 56.32% 57.00% 53.92% 52.95%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

Cash and Cash Equivalents
Cash and cash equivalents as a percentage of total assets exhibited moderate volatility, fluctuating between approximately 7.1% and 11.5% over the observed periods. There was a notable peak around mid-2020 followed by a decline and subsequent stabilization near the 8-9% range in recent quarters, suggesting a relatively steady liquidity position with some short-term variations.
Marketable Securities
Marketable securities showed a gradual downward trend overall, declining from a high of 11.3% in late 2020 to a range between 4.7% and 7.7% in the most recent periods. This decrease potentially indicates a shift away from easily liquidated financial assets or reallocations into other asset types.
Ford Credit Finance Receivables (Net of Allowance for Credit Losses)
This category displayed two series: one showing a decline from about 20.8% to roughly 12.6% in 2021, then a gradual increase back up to around 18.2% by early 2025; the other showing a relatively stable range hovering near 20%, with minor fluctuations. The initial decline may reflect credit policy adjustments or asset reclassifications, followed by recovery and stabilization, suggesting ongoing credit financing activity.
Trade and Other Receivables, Less Allowances
This item exhibited an increasing trend, rising from approximately 2.5% in early 2020 to peak values above 6% in recent quarters. The upward trend indicates growth in receivables, which may relate to expanded sales or changes in credit terms to customers.
Inventories
Inventory levels as a percentage of total assets showed a rising trajectory from about 4.3% in early 2020 to peaks near 6.8%, with some recent reductions. This pattern suggests accumulation of inventory possibly due to supply chain factors or strategic stockpiling but with attempts at optimization toward the end of the period.
Other Assets (Current and Non-Current)
The sum of other assets in current and non-current categories remained relatively constant, generally between 1.3% and 6.1%, with minor fluctuations. This stability points to a consistent share of miscellaneous assets in the total asset structure.
Current Assets
Current assets as a percentage of total assets remained fairly stable, fluctuating around the 40-47% range throughout the periods. The relative constancy suggests a balanced short-term asset structure despite changes in specific components within current assets.
Net Investment in Operating Leases
This item trended downward from approximately 10.8% in early 2020 to about 7.7-9% in the later periods, indicating a reduction in lease-related asset investments, which may reflect changing leasing strategies or amortization effects.
Net Property
Net property as a percentage of total assets demonstrated minor variation but generally held steady around 13-15%, highlighting consistent investment in fixed assets over time without significant expansions or reductions.
Equity in Net Assets of Affiliated Companies
This component showed an increase from below 1% in early 2020 to a peak near 2.8% in late 2023, followed by a decline toward current levels around 1.7-1.8%. The initial growth signals increased contributions or valuations from affiliates, with recent moderation.
Deferred Income Taxes
The deferred income taxes percentage grew steadily from about 4.1% to slightly above 6% during the timeframe, indicating rising deferred tax assets or liabilities which can impact future cash flows and tax planning.
Non-Current Assets
Non-current assets consistently composed slightly over half of total assets, generally ranging between 53% and 59%. This stability implies steady long-term asset holdings supporting ongoing operations.
Total Assets Composition
The overall balance between current and non-current assets remained relatively fixed, preserving the company’s asset structure with current assets accounting for approximately 40-47% and non-current assets for about 53-59% of the total.