Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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- Income Statement
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Enterprise Value (EV)
- Dividend Discount Model (DDM)
- Current Ratio since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
- Aggregate Accruals
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Based on: 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 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).
Total assets exhibited a general upward trajectory for the majority of the analyzed period, rising from 260,819 million US dollars in March 2021 to a peak of 300,990 million US dollars in September 2025. However, a subsequent contraction is observed in the final two quarters, with total assets declining to 282,434 million US dollars by March 2026.
- Liquidity and Short-Term Investments
- Cash and cash equivalents demonstrated significant volatility, fluctuating between a high of 27,429 million US dollars in September 2021 and a low of 17,649 million US dollars in March 2026. Concurrently, marketable securities showed a sustained downward trend, decreasing from 24,281 million US dollars in March 2021 to 12,839 million US dollars by March 2026, suggesting a shift in the allocation of liquid reserves.
- Credit Financing Assets
- Ford Credit finance receivables, both current and non-current, experienced notable growth. Current finance receivables rose from 40,664 million US dollars in March 2021 to a peak of 51,850 million US dollars in December 2024. Non-current finance receivables followed a similar expansionary path, increasing from 52,570 million US dollars in March 2021 to a peak of 60,147 million US dollars in September 2025. This indicates an expansion in the volume of financing activities provided to customers.
- Operational Assets and Inventories
- Inventories displayed an overall increase over the period, moving from 12,742 million US dollars in March 2021 to peak levels around 18,632 million US dollars in March 2024. Net property assets showed steady growth from 36,361 million US dollars in March 2021 to 44,735 million US dollars in September 2025, before experiencing a sharp reduction to 38,091 million US dollars by March 2026.
- Long-Term Asset Trends
- The net investment in operating leases initially declined from 27,811 million US dollars in March 2021 to a low of 21,384 million US dollars in December 2023, followed by a strong recovery to 28,983 million US dollars by March 2026. Additionally, deferred income taxes showed a consistent long-term increase, nearly doubling from 12,103 million US dollars in March 2021 to 22,273 million US dollars by March 2026.
The balance sheet reflects a strategic shift toward expanded credit operations and a general increase in the asset base until late 2025. The final quarters of the period are characterized by a reduction in total assets, primarily driven by decreases in cash, marketable securities, and net property.