Stock Analysis on Net

Ford Motor Co. (NYSE:F)

$24.99

Debt to Equity
since 2005

Microsoft Excel

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Calculation

Ford Motor Co., debt to equity, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions


The relationship between total debt and equity attributable to Ford Motor Company exhibits significant fluctuations between 2005 and 2025. Initially, the debt-to-equity ratio was very high, then decreased substantially before increasing again, followed by a recent period of relative stability and then a final increase.

Initial High Leverage (2005-2008)
In 2005, the debt-to-equity ratio stood at 11.91. While a value for 2006 is missing, the ratio increased sharply to 29.94 by 2007, indicating a substantial increase in debt relative to equity. This high leverage continued into 2008, although the total debt amount decreased slightly. Values for the debt-to-equity ratio are missing for 2008 and 2009.
Deleveraging and Equity Recovery (2010-2014)
From 2010 through 2014, a clear trend of deleveraging is observed. The debt-to-equity ratio decreased from approximately 6.63 in 2011 to 4.35 in 2013, and then to 4.80 in 2014. This decline coincided with a recovery in equity, which moved from a deficit in prior years to positive values starting in 2011. Total debt also decreased during this period.
Moderate Leverage (2015-2019)
Between 2015 and 2019, the debt-to-equity ratio remained relatively stable, fluctuating between 4.42 and 4.80. Total debt remained relatively consistent, while equity experienced moderate growth. This suggests a period of financial consolidation and operational stability.
Increased Debt and Volatility (2020-2025)
From 2020, the debt-to-equity ratio began to increase, reaching 5.27 in 2020. A significant decrease was observed in 2021, falling to 2.85, likely due to a substantial increase in equity. However, the ratio increased again in subsequent years, reaching 3.54 in 2022, 4.54 in 2023, and 4.54 in 2025. This recent trend suggests a renewed reliance on debt financing or a slower growth rate in equity compared to debt.

Overall, the debt-to-equity ratio demonstrates a cyclical pattern, with periods of high leverage followed by deleveraging and stabilization. The most recent trend indicates a potential increase in financial risk, as the ratio has been trending upwards after a period of relative stability.


Comparison to Competitors


Comparison to Sector (Automobiles & Components)


Comparison to Industry (Consumer Discretionary)