Stock Analysis on Net

Ford Motor Co. (NYSE:F)

$24.99

Common-Size Balance Sheet: Assets

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Ford Motor Co., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash and cash equivalents
Marketable securities
Ford Credit finance receivables, net of allowance for credit losses
Trade and other receivables, less allowances
Inventories
Other assets
Current assets
Ford Credit finance receivables, net of allowance for credit losses
Net investment in operating leases
Net property
Equity in net assets of affiliated companies
Deferred income taxes
Other assets
Non-current assets
Total assets

Based on: 10-K (reporting date: 2024-12-31), 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).

Cash and cash equivalents
The proportion of cash and cash equivalents relative to total assets exhibited some fluctuations throughout the period. It started at 9.45% in 2020, decreased to 7.99% in 2021, then increased again to 9.82% in 2022, followed by a slight decline to 9.1% in 2023 and further to 8.04% in 2024. This indicates a moderate volatility in cash holdings as a percentage of total assets.
Marketable securities
This category first rose from 9.25% in 2020 to 11.3% in 2021, signaling an increased allocation to short-term investments. However, a marked reduction occurred afterward, declining consistently to 7.4% in 2022, 5.6% in 2023, and marginally down to 5.4% in 2024. The trend suggests a strategic decrease in marketable securities holdings over the latter years.
Ford Credit finance receivables, net of allowance for credit losses (first occurrence)
This item demonstrated a decrease from 15.87% in 2020 to 12.66% in 2021 but then increased steadily over the succeeding years, reaching 15.13% in 2022, 16.99% in 2023, and 18.18% in 2024. The pattern suggests a recovery and growth in finance receivables after an initial dip.
Trade and other receivables, less allowances
Starting at 3.74% in 2020, this asset component rose to 4.42% in 2021 and peaked at 6.15% in 2022. It then experienced a slight decline to 5.71% in 2023 and further to 5.16% in 2024. The overall trend indicates an expansion in receivables up to 2022, followed by a moderate reduction.
Inventories
Inventory levels as a percentage of total assets increased from 4.04% in 2020 to 5.5% in 2022, indicating buildup of stock. Afterwards, the proportion slightly rose to 5.73% in 2023 but declined to 5.24% in 2024. This shows a general upward trend followed by stabilization and minor reduction towards the end.
Other assets (first occurrence)
This component remained relatively stable, hovering around 1.3–1.6% of total assets from 2020 to 2024, with a minor dip and subsequent rise in 2023 and 2024 respectively.
Current assets
Current assets as a percentage of total assets declined from 43.68% in 2020 to 42.41% in 2021, then increased to a peak of 45.52% in 2022. Subsequently, the figure declined to 44.45% in 2023 and further to 43.65% in 2024. The data indicates modest fluctuations in current assets, with a peak in 2022.
Ford Credit finance receivables, net of allowance for credit losses (second occurrence)
In this entry, finance receivables declined from 20.68% in 2020 to 19.94% in 2021 and further to 19.5% in 2022. There was a rebound to 20.36% in 2023 and a slight increase to 20.96% in 2024, suggesting recovery after a period of contraction.
Net investment in operating leases
The net investment in operating leases consistently decreased from 10.46% in 2020 to 7.82% in 2023, with a minor uptick to 8.05% in 2024. This steady decline over the years may reflect a strategic reduction in leasing activities or asset reallocation.
Net property
Net property as a proportion of total assets slightly increased from 13.88% in 2020 to 14.94% in 2023, before a minimal decline to 14.7% in 2024. The trend suggests relative stability with gradual growth in property assets over the period.
Equity in net assets of affiliated companies
This category fluctuated within a narrow range, commencing at 1.83% in 2020, dipping to 1.09% in 2022, followed by increases to 2.03% in 2023 and 2.39% in 2024, indicating recovery and renewed investment in affiliated companies’ equity.
Deferred income taxes
Deferred income taxes rose steadily from 4.65% in 2020 to 6.21% in 2023, before declining to 5.74% in 2024, reflecting some variability in deferred tax asset balances or tax planning effects.
Other assets (second occurrence)
This asset group showed variability, increasing from 4.82% in 2020 to 5.81% in 2021, then decreasing to 4.34% in 2022 and further stabilizing near 4.2–4.5% through 2024.
Non-current assets
Non-current assets remained fairly stable, fluctuating slightly between 54.48% and 57.59% of total assets over the years, indicating a steady long-term asset base within the company's capital structure.
Total assets
By definition, total assets represented 100% of total assets consistently across all periods, serving as the base for the relative measurements of all other items.