Debt to Equity
since 2005
Calculation
Ford Motor Co., debt to equity, long-term trends, calculation
| Debt to equity | = | Total debt1 | ÷ | Equity (deficit) attributable to Ford Motor Company1 | |
|---|---|---|---|---|---|
| Dec 31, 2024 | 3.54 | = | 158,522) | ÷ | 44,835) |
| Dec 31, 2023 | 3.49 | = | 149,231) | ÷ | 42,773) |
| Dec 31, 2022 | 3.21 | = | 138,969) | ÷ | 43,242) |
| Dec 31, 2021 | 2.85 | = | 138,092) | ÷ | 48,519) |
| Dec 31, 2020 | 5.27 | = | 161,684) | ÷ | 30,690) |
| Dec 31, 2019 | 4.68 | = | 155,307) | ÷ | 33,185) |
| Dec 31, 2018 | 4.29 | = | 154,213) | ÷ | 35,932) |
| Dec 31, 2017 | 4.42 | = | 154,287) | ÷ | 34,890) |
| Dec 31, 2016 | 4.90 | = | 142,970) | ÷ | 29,170) |
| Dec 31, 2015 | 4.64 | = | 132,854) | ÷ | 28,642) |
| Dec 31, 2014 | 4.80 | = | 119,171) | ÷ | 24,805) |
| Dec 31, 2013 | 4.35 | = | 114,688) | ÷ | 26,383) |
| Dec 31, 2012 | 6.59 | = | 105,058) | ÷ | 15,947) |
| Dec 31, 2011 | 6.63 | = | 99,689) | ÷ | 15,028) |
| Dec 31, 2010 | — | = | 104,189) | ÷ | (673) |
| Dec 31, 2009 | — | = | 133,087) | ÷ | (7,820) |
| Dec 31, 2008 | — | = | 154,688) | ÷ | (17,311) |
| Dec 31, 2007 | 29.94 | = | 168,530) | ÷ | 5,628) |
| Dec 31, 2006 | — | = | 172,049) | ÷ | (3,465) |
| Dec 31, 2005 | 11.91 | = | 154,332) | ÷ | 12,957) |
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), 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 analysis of the financial data over the given period indicates several notable trends in the company's capital structure and financial health.
- Total Debt
- Total debt figures display a fluctuating yet generally increasing trend over the period. Starting from approximately $154 billion in 2005, debt peaked around $172 billion in 2006 before experiencing a decline till 2010. After 2010, the total debt showed a mostly upward trajectory, reaching about $161 billion in 2020. In the most recent years, there are slight variations, ending at approximately $158 billion in 2024. The trend suggests significant leverage with some periods of debt reduction followed by renewed increases.
- Equity (Deficit) Attributable to Ford Motor Company
- Equity levels exhibit considerable volatility throughout the period. Initially positive at nearly $13 billion in 2005, equity swung into deficit territory in 2006 and 2008, with negative values indicating possible financial distress or significant losses in those years. Post-2008, there is a marked recovery, with equity turning positive and progressively increasing, peaking near $48.5 billion in 2021. Although slight declines occurred in 2022 and 2023, equity remains strong and targets a modest increase by 2024. This recovery and growth in equity suggest improved profitability or capital management after crisis periods.
- Debt to Equity Ratio
- The debt to equity ratio is characterized by considerable variability, especially in the early years where some data points are missing. The available ratios highlight very high leverage levels, particularly in 2007 (around 29.94), reflecting extremely low or negative equity values. From 2010 onwards, the ratio consistently declines from high single digits to a more moderate range between approximately 2.85 and 5.27. This decline correlates with the increase in equity and reflects a reduction in financial risk through better capitalization relative to debt. The ratio stabilizes in the range of 3.2 to 3.5 in the most recent years, suggesting a balanced but still leveraged financial structure.
Overall, the data reflects a company with historically high leverage and periods of financial distress, evidenced by negative equity and high debt to equity ratios. However, the recovery and strengthening of equity, combined with relatively stabilized leverage ratios in recent years, point toward improved financial stability and potential resilience going forward. Continuous monitoring of the debt levels and equity health will be critical to sustain this positive momentum.
Comparison to Competitors
Ford Motor Co., debt to equity, long-term trends, comparison to competitors
| Ford Motor Co. | General Motors Co. | Tesla Inc. | |
|---|---|---|---|
| Dec 31, 2024 | 3.54 | 2.06 | 0.11 |
| Dec 31, 2023 | 3.49 | 1.89 | 0.08 |
| Dec 31, 2022 | 3.21 | 1.69 | 0.07 |
| Dec 31, 2021 | 2.85 | 1.83 | 0.23 |
| Dec 31, 2020 | 5.27 | 2.44 | 0.53 |
| Dec 31, 2019 | 4.68 | 2.47 | 2.03 |
| Dec 31, 2018 | 4.29 | 2.70 | 2.43 |
| Dec 31, 2017 | 4.42 | 2.69 | 2.43 |
| Dec 31, 2016 | 4.90 | 1.93 | 1.50 |
| Dec 31, 2015 | 4.64 | 1.58 | 2.46 |
| Dec 31, 2014 | 4.80 | 1.32 | 2.67 |
| Dec 31, 2013 | 4.35 | 0.85 | 0.91 |
| Dec 31, 2012 | 6.59 | 0.44 | 3.74 |
| Dec 31, 2011 | 6.63 | 0.36 | 1.25 |
| Dec 31, 2010 | — | 0.32 | 0.35 |
| Dec 31, 2009 | — | — | — |
| Dec 31, 2008 | — | — | — |
| Dec 31, 2007 | 29.94 | — | — |
| Dec 31, 2006 | — | — | — |
| Dec 31, 2005 | 11.91 | — | — |
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), 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).
Comparison to Sector (Automobiles & Components)
Ford Motor Co., debt to equity, long-term trends, comparison to sector (automobiles & components)
| Ford Motor Co. | Automobiles & Components | |
|---|---|---|
| Dec 31, 2024 | 3.54 | 1.64 |
| Dec 31, 2023 | 3.49 | 1.63 |
| Dec 31, 2022 | 3.21 | 1.65 |
| Dec 31, 2021 | 2.85 | 1.84 |
| Dec 31, 2020 | 5.27 | 2.89 |
| Dec 31, 2019 | 4.68 | 3.33 |
| Dec 31, 2018 | 4.29 | 3.40 |
| Dec 31, 2017 | 4.42 | 3.49 |
| Dec 31, 2016 | 4.90 | 3.02 |
| Dec 31, 2015 | 4.64 | 2.85 |
| Dec 31, 2014 | 4.80 | 2.75 |
| Dec 31, 2013 | 4.35 | 2.17 |
| Dec 31, 2012 | 6.59 | 2.32 |
| Dec 31, 2011 | 6.63 | 2.13 |
| Dec 31, 2010 | — | 3.25 |
| Dec 31, 2009 | — | — |
| Dec 31, 2008 | — | — |
| Dec 31, 2007 | 29.94 | 29.94 |
| Dec 31, 2006 | — | — |
| Dec 31, 2005 | 11.91 | 11.91 |
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), 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).
Comparison to Industry (Consumer Discretionary)
Ford Motor Co., debt to equity, long-term trends, comparison to industry (consumer discretionary)
| Ford Motor Co. | Consumer Discretionary | |
|---|---|---|
| Dec 31, 2024 | 3.54 | 1.08 |
| Dec 31, 2023 | 3.49 | 1.31 |
| Dec 31, 2022 | 3.21 | 1.48 |
| Dec 31, 2021 | 2.85 | 1.44 |
| Dec 31, 2020 | 5.27 | 2.22 |
| Dec 31, 2019 | 4.68 | 2.60 |
| Dec 31, 2018 | 4.29 | 2.59 |
| Dec 31, 2017 | 4.42 | 2.55 |
| Dec 31, 2016 | 4.90 | 2.21 |
| Dec 31, 2015 | 4.64 | 1.88 |
| Dec 31, 2014 | 4.80 | 1.60 |
| Dec 31, 2013 | 4.35 | 1.25 |
| Dec 31, 2012 | 6.59 | 1.19 |
| Dec 31, 2011 | 6.63 | 1.09 |
| Dec 31, 2010 | — | 1.26 |
| Dec 31, 2009 | — | 2.58 |
| Dec 31, 2008 | — | 4.06 |
| Dec 31, 2007 | 29.94 | 2.62 |
| Dec 31, 2006 | — | 2.96 |
| Dec 31, 2005 | 11.91 | 2.35 |
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), 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).