Stock Analysis on Net
Stock Analysis on Net

Ford Motor Co. (NYSE:F)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

Ford Motor Co., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
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
Payables 9.23 8.46 9.55 9.20 9.98 9.51 10.38 10.43 10.14 10.01 10.96 9.51 9.19 8.69 9.07 7.48 9.01 8.31 8.26 6.07 6.98
Other liabilities and deferred revenue 9.85 9.74 9.77 9.90 9.49 9.47 8.88 8.99 8.50 8.24 7.72 7.84 7.44 7.27 7.44 7.59 8.16 8.85 7.96 7.82 8.76
Company excluding Ford Credit 1.51 0.62 0.53 0.62 0.26 0.17 0.16 0.15 0.20 0.29 0.49 0.62 1.16 1.24 0.73 0.86 0.41 0.51 0.60 0.77 0.61
Ford Credit 17.63 18.65 18.13 17.66 17.88 18.00 17.98 18.40 18.51 19.32 17.35 17.21 17.93 18.10 18.00 17.65 18.56 18.70 19.02 19.77 19.42
Debt payable within one year 19.13% 19.27% 18.66% 18.28% 18.15% 18.17% 18.14% 18.55% 18.71% 19.60% 17.84% 17.83% 19.09% 19.33% 18.73% 18.51% 18.97% 19.21% 19.62% 20.55% 20.03%
Current liabilities 38.21% 37.47% 37.99% 37.39% 37.62% 37.15% 37.40% 37.98% 37.35% 37.86% 36.52% 35.18% 35.71% 35.30% 35.24% 33.59% 36.14% 36.37% 35.84% 34.44% 35.77%
Other liabilities and deferred revenue 10.15 10.11 10.09 10.23 10.11 10.40 10.39 9.68 10.09 9.96 11.58 11.48 11.27 10.78 11.40 11.50 11.01 10.62 10.32 9.43 9.50
Company excluding Ford Credit 5.85 6.63 6.64 6.76 7.08 7.12 7.21 7.21 7.47 7.50 7.72 7.26 6.78 6.69 9.41 9.57 9.52 8.47 8.71 14.06 10.93
Ford Credit 29.59 29.69 29.48 29.52 29.23 29.31 27.86 28.09 28.06 27.20 26.41 27.33 27.73 27.70 29.08 31.03 30.05 32.82 32.17 30.44 32.38
Long-term debt payable after one year 35.44% 36.32% 36.12% 36.28% 36.31% 36.43% 35.07% 35.30% 35.53% 34.71% 34.13% 34.59% 34.51% 34.39% 38.49% 40.60% 39.57% 41.29% 40.89% 44.51% 43.31%
Deferred income taxes 0.50 0.38 0.35 0.35 0.32 0.37 0.62 0.65 0.60 0.61 0.73 0.75 0.69 0.62 0.35 0.32 0.26 0.20 0.20 0.17 0.17
Non-current liabilities 46.09% 46.80% 46.57% 46.85% 46.74% 47.19% 46.08% 45.63% 46.22% 45.27% 46.44% 46.82% 46.47% 45.79% 50.24% 52.42% 50.84% 52.11% 51.40% 54.10% 52.98%
Total liabilities 84.30% 84.27% 84.55% 84.24% 84.36% 84.34% 83.48% 83.61% 83.57% 83.13% 82.95% 82.00% 82.18% 81.08% 85.47% 86.00% 86.97% 88.47% 87.24% 88.55% 88.76%
Common Stock, par value $0.01 per share 0.01 0.01 0.01 0.01 0.01 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.01 0.02 0.01 0.02
Class B Stock, par value $0.01 per share 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital in excess of par value of stock 8.28 8.24 8.15 8.41 8.43 8.46 8.59 8.66 8.91 8.92 9.22 9.22 8.91 8.80 8.90 9.02 8.53 8.34 8.56 8.25 8.39
Retained earnings 11.60 11.83 11.33 11.66 11.31 11.35 12.00 11.87 11.79 12.41 12.58 13.23 12.75 13.92 9.46 8.88 8.24 6.83 8.09 6.92 6.64
Accumulated other comprehensive loss -3.22 -3.38 -3.13 -3.38 -3.26 -3.31 -3.33 -3.36 -3.42 -3.65 -4.13 -3.85 -3.28 -3.24 -3.26 -3.33 -3.21 -3.10 -3.31 -3.14 -3.20
Treasury stock -0.99 -0.99 -0.93 -0.95 -0.87 -0.87 -0.76 -0.77 -0.80 -0.80 -0.63 -0.64 -0.62 -0.61 -0.62 -0.64 -0.61 -0.59 -0.61 -0.59 -0.61
Equity attributable to Ford Motor Company 15.69% 15.72% 15.44% 15.75% 15.63% 15.65% 16.51% 16.42% 16.50% 16.90% 17.06% 17.97% 17.78% 18.88% 14.48% 13.95% 12.97% 11.48% 12.74% 11.44% 11.22%
Equity attributable to noncontrolling interests 0.01 0.01 0.01 0.01 0.01 0.01 0.00 -0.03 -0.07 -0.03 -0.01 0.03 0.04 0.04 0.04 0.05 0.06 0.05 0.01 0.01 0.02
Total equity 15.70% 15.73% 15.45% 15.76% 15.64% 15.66% 16.52% 16.39% 16.43% 16.87% 17.05% 18.00% 17.82% 18.92% 14.53% 14.00% 13.03% 11.53% 12.76% 11.45% 11.24%
Total liabilities and equity 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: 2025-03-31), 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).

Payables
Payables as a percentage of total liabilities and equity show an overall increasing trend from 6.98% in March 2020 to fluctuating levels around 9-10% in subsequent years, peaking near 10.96% in September 2022 before slightly stabilizing in 2024.
Other Liabilities and Deferred Revenue
This category remains relatively stable, generally fluctuating between approximately 7.4% and 10%, showing minor increases toward the later periods, with values around 9.7-9.9% in 2024, indicating moderate but consistent presence in the company's liabilities.
Company Excluding Ford Credit
As a portion of total liabilities and equity, this metric displays volatility, initially around 0.6-0.8% in 2020, dipping to 0.15-0.29% by late 2022, and showing a rise to 1.51% by March 2025, suggesting fluctuating non-Ford Credit company liabilities within overall obligations.
Ford Credit
Ford Credit's share of total liabilities and equity declines slightly from 19.42% in early 2020 to a low around 17.2% in mid-2022, followed by a moderate recovery near 18% and ending at 17.63% in early 2025, indicating stable but slightly diminishing financing obligations through Ford Credit.
Debt Payable Within One Year
This short-term debt category remains consistently significant, within the range of approximately 18.5% to 20.5%, without a clear directional trend. Peaks occur sporadically, including near 20.55% in mid-2020 and about 19.27% in late 2024, showing continued reliance on near-term debt financing.
Current Liabilities
Current liabilities maintain a steady proportion around 34-38%, with a gradual increase in the last few years reaching up to 38.21% in March 2025, highlighting sustained operational liabilities within the current period obligations.
Long-Term Debt Payable After One Year
Long-term debt ratios decrease from above 43% in early 2020 to approximately 34% by late 2021 but gradually increase to around 36% by 2024, indicating a reduction and then stabilization in long-term debt financing obligations over the period.
Deferred Income Taxes
Deferred income taxes remain a minor yet slightly increasing component, rising from about 0.17% in 2020 to approximately 0.5% by early 2025, indicating a modest growth in this liability over time.
Total Liabilities
Total liabilities relative to total liabilities and equity decline from about 88.7% in early 2020 to near 81% at the end of 2021, then rise to stabilize around 84% in 2024-2025, reflecting an initial deleveraging followed by a degree of increased leverage.
Equity Attributable to Ford Motor Company
Equity shows a notable increase from 11.22% in March 2020 to a peak of 18.88% in December 2021, after which it declines steadily to approximately 15.69% by March 2025. This pattern suggests a capital strengthening phase followed by some reduction, possibly from distributions or other adjustments.
Retained Earnings
Retained earnings grow from 6.64% in early 2020 to a significant 13.92% in late 2021, then mildly decline but remain relatively stable near 11.6% to 12% through 2024, indicating strong earnings retention improving shareholder equity over the initial years.
Accumulated Other Comprehensive Loss
This item consistently reflects a loss position near -3.1% to -4.1%, with slight fluctuations, indicating ongoing recognized losses in other comprehensive income components over the period.
Treasury Stock
Treasury stock steadily increases in negative value from about -0.6% to nearly -1.0% by late 2024, evidencing ongoing share repurchase activity or stock retirement, which reduces total equity.
Total Equity
Total equity follows a pattern similar to equity attributable to the company, increasing from 11.24% in early 2020 to nearly 18.92% in December 2021, before declining to a range near 15.7% in 2024, suggesting that overall equity composition strengthened before experiencing moderate contraction.
Summary
Financial trends indicate an initial period in 2020–2021 of strengthening equity and reduced leverage, followed by stabilization in liabilities and a modest decrease in equity ratios through 2024. Payables and current liabilities have generally increased slightly, while long-term debt showed a decline and subsequent plateau. Retained earnings contributed positively to equity growth, whereas treasury stock and comprehensive losses exerted downward pressure. Ford Credit liabilities maintained a relatively stable share of total liabilities, reflecting steady financing practices. Overall, the data suggest careful management of debt and equity, with a shift from deleveraging in early periods to a more balanced leverage position later.