Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Ford Motor Co., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2026-09-30), 10-Q (reporting date: 2026-06-30), 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).
An analysis of liquidity ratios from March 2022 through September 2026 reveals a gradual tightening of the short-term financial position. While liquidity levels remained relatively stable during the first two years of the period, a consistent downward trajectory is evident beginning in early 2024.
- Current Ratio
- The current ratio exhibited stability between 1.16 and 1.21 from March 2022 through December 2023. Starting in March 2024, a gradual decline emerged, with the ratio moving from 1.17 to 1.08 by September 2026. While the ratio remains above the 1.0 threshold, indicating that current assets continue to cover current liabilities, the margin of safety has narrowed over the observed period.
- Quick Ratio
- The quick ratio fluctuated around the 1.0 mark between March 2022 and December 2023, reaching a peak of 1.02. A sustained downward trend began in March 2024, with values dropping to a range of 0.88 to 0.89 by mid-2026. This indicates a diminished capacity to meet immediate obligations without the liquidation of inventory.
- Cash Ratio
- The most significant contraction is observed in the cash ratio, which declined from 0.46 in March 2022 to 0.30 by September 2026. A notable shift occurred in March 2024, where the ratio dropped from 0.40 to 0.33 and remained generally within the 0.29 to 0.36 range thereafter, signaling a reduced proportion of highly liquid cash assets relative to current liabilities.
The simultaneous decline across all three liquidity metrics suggests a systematic reduction in liquid buffers. The divergence between the current ratio and the quick ratio in the latter half of the period indicates an increasing reliance on inventory to maintain short-term solvency, while the steady decrease in the cash ratio confirms a leaner cash position heading into late 2026.
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Current Ratio
Ford Motor Co., current ratio calculation (quarterly data)
| Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||
| Current assets | 121,277) | 117,491) | 116,329) | 123,487) | 130,720) | 126,612) | 123,054) | 124,474) | 125,099) | 120,518) | 120,595) | 121,481) | 121,361) | 121,712) | 115,123) | 116,476) | 108,088) | 100,469) | 106,142) | ||||||
| Current liabilities | 111,967) | 107,933) | 106,679) | 114,890) | 116,648) | 114,988) | 108,732) | 106,859) | 109,036) | 103,403) | 103,206) | 101,531) | 100,268) | 101,015) | 95,905) | 96,866) | 90,167) | 86,452) | 90,352) | ||||||
| Liquidity Ratio | |||||||||||||||||||||||||
| Current ratio1 | 1.08 | 1.09 | 1.09 | 1.07 | 1.12 | 1.10 | 1.13 | 1.16 | 1.15 | 1.17 | 1.17 | 1.20 | 1.21 | 1.20 | 1.20 | 1.20 | 1.20 | 1.16 | 1.17 | ||||||
| Benchmarks | |||||||||||||||||||||||||
| Current Ratio, Competitors2 | |||||||||||||||||||||||||
| General Motors Co. | 1.09 | 1.14 | 1.15 | 1.17 | 1.23 | 1.22 | 1.21 | 1.13 | 1.21 | 1.18 | 1.16 | 1.08 | 1.14 | 1.15 | 1.10 | 1.10 | 1.14 | 1.15 | 1.11 | ||||||
| Tesla Inc. | 1.74 | 1.94 | 2.04 | 2.16 | 2.07 | 2.04 | 2.00 | 2.02 | 1.84 | 1.91 | 1.72 | 1.73 | 1.69 | 1.59 | 1.57 | 1.53 | 1.46 | 1.43 | 1.35 | ||||||
Based on: 10-Q (reporting date: 2026-09-30), 10-Q (reporting date: 2026-06-30), 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).
1 Q3 2026 Calculation
Current ratio = Current assets ÷ Current liabilities
= 121,277 ÷ 111,967 = 1.08
2 Click competitor name to see calculations.
The analysis of the short-term liquidity position reveals a gradual erosion of the current ratio over the period spanning March 2022 to September 2026. While the absolute values of both current assets and current liabilities increased over the long term, the rate of liability growth exceeded that of asset growth in the latter half of the timeframe, resulting in a diminished liquidity cushion.
- Current Ratio Trends
- From March 2022 through December 2023, the current ratio remained stable, fluctuating within a tight range between 1.16 and 1.21. However, starting in March 2024, a persistent downward trend emerged. The ratio declined from 1.17 in early 2024 to a period low of 1.07 in December 2025, eventually settling at 1.08 by September 2026.
- Current Asset Trajectory
- Current assets exhibited an overall upward trend for much of the period, rising from $106.1 billion in March 2022 to a peak of $130.7 billion in September 2025. Following this peak, a moderate decline occurred, with assets ending the period at $121.3 billion in September 2026.
- Current Liability Expansion
- Current liabilities increased steadily from $90.4 billion in March 2022 to $112.0 billion by September 2026. The expansion of liabilities was particularly evident between March 2024 and June 2025, where the increase in short-term obligations outpaced the growth of current assets, leading to the observed compression of the liquidity ratio.
- Liquidity Margin Analysis
- The narrowing gap between current assets and current liabilities indicates a reduction in the margin of safety available to cover short-term obligations. The shift from a ratio of 1.21 in September 2023 to 1.08 in September 2026 suggests a more aggressive utilization of working capital or an increase in short-term leverage.
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Quick Ratio
Ford Motor Co., quick ratio calculation (quarterly data)
| Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||
| Cash and cash equivalents | 22,275) | 18,603) | 17,649) | 23,356) | 26,788) | 23,020) | 20,864) | 22,935) | 23,449) | 19,953) | 19,721) | 24,862) | 26,427) | 26,406) | 22,144) | 25,134) | 21,548) | 19,516) | 21,013) | ||||||
| Marketable securities | 11,832) | 12,731) | 12,839) | 15,131) | 15,400) | 14,484) | 14,362) | 15,413) | 13,456) | 14,613) | 14,742) | 15,309) | 14,688) | 16,415) | 17,369) | 18,936) | 18,625) | 17,184) | 20,215) | ||||||
| Ford Credit finance receivables, net of allowance for credit losses | 46,163) | 45,451) | 46,185) | 49,130) | 48,214) | 47,593) | 47,997) | 51,850) | 49,340) | 47,434) | 44,600) | 46,425) | 42,572) | 42,557) | 40,350) | 38,720) | 33,902) | 30,716) | 32,775) | ||||||
| Trade and other receivables, less allowances | 19,456) | 17,880) | 17,227) | 15,398) | 19,199) | 19,709) | 17,225) | 14,723) | 16,469) | 16,802) | 18,698) | 15,601) | 15,129) | 14,482) | 14,920) | 15,729) | 14,764) | 15,037) | 13,031) | ||||||
| Total quick assets | 99,726) | 94,665) | 93,900) | 103,015) | 109,601) | 104,806) | 100,448) | 104,921) | 102,714) | 98,802) | 97,761) | 102,197) | 98,816) | 99,860) | 94,783) | 98,519) | 88,839) | 82,453) | 87,034) | ||||||
| Current liabilities | 111,967) | 107,933) | 106,679) | 114,890) | 116,648) | 114,988) | 108,732) | 106,859) | 109,036) | 103,403) | 103,206) | 101,531) | 100,268) | 101,015) | 95,905) | 96,866) | 90,167) | 86,452) | 90,352) | ||||||
| Liquidity Ratio | |||||||||||||||||||||||||
| Quick ratio1 | 0.89 | 0.88 | 0.88 | 0.90 | 0.94 | 0.91 | 0.92 | 0.98 | 0.94 | 0.96 | 0.95 | 1.01 | 0.99 | 0.99 | 0.99 | 1.02 | 0.99 | 0.95 | 0.96 | ||||||
| Benchmarks | |||||||||||||||||||||||||
| Quick Ratio, Competitors2 | |||||||||||||||||||||||||
| General Motors Co. | 0.86 | 0.89 | 0.89 | 0.92 | 0.98 | 0.97 | 0.96 | 0.90 | 0.95 | 0.91 | 0.88 | 0.83 | 0.88 | 0.88 | 0.82 | 0.86 | 0.88 | 0.85 | 0.84 | ||||||
| Tesla Inc. | 1.24 | 1.34 | 1.43 | 1.53 | 1.48 | 1.35 | 1.37 | 1.42 | 1.21 | 1.24 | 1.04 | 1.13 | 1.07 | 0.96 | 0.93 | 0.94 | 0.95 | 0.96 | 0.95 | ||||||
Based on: 10-Q (reporting date: 2026-09-30), 10-Q (reporting date: 2026-06-30), 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).
1 Q3 2026 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 99,726 ÷ 111,967 = 0.89
2 Click competitor name to see calculations.
The quick ratio exhibits a general downward trajectory over the analyzed period, moving from a peak of 1.02 in December 2022 to 0.89 by September 2026. While a near-parity position between quick assets and current liabilities was maintained during the first two years, a gradual erosion of this liquidity cushion is evident starting in early 2024.
- Liquidity Stability Phase (2022–2023)
- Between March 2022 and December 2023, the quick ratio remained relatively stable, fluctuating within a narrow range of 0.95 to 1.02. During this interval, quick assets and current liabilities grew in close tandem; quick assets increased from 87,034 million to 102,197 million, while current liabilities rose from 90,352 million to 101,531 million.
- Liquidity Contraction Phase (2024–2026)
- A consistent decline in the quick ratio is observed beginning in March 2024, with the value falling from 0.95 to a low of 0.88 in the first half of 2026. This trend indicates that current liabilities began to outpace the accumulation of quick assets. Even as quick assets reached a peak of 109,601 million in September 2025, the concurrent rise in current liabilities to 116,648 million contributed to the compression of the ratio.
- Asset and Liability Correlation
- Both quick assets and current liabilities show long-term growth trends, yet the gap between the two widened in the latter half of the period. By September 2026, quick assets stood at 99,726 million against current liabilities of 111,967 million. This resulting ratio of 0.89 reflects a reduced capacity to cover immediate short-term obligations using only the most liquid assets compared to the 2022-2023 period.
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Cash Ratio
Ford Motor Co., cash ratio calculation (quarterly data)
| Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||
| Cash and cash equivalents | 22,275) | 18,603) | 17,649) | 23,356) | 26,788) | 23,020) | 20,864) | 22,935) | 23,449) | 19,953) | 19,721) | 24,862) | 26,427) | 26,406) | 22,144) | 25,134) | 21,548) | 19,516) | 21,013) | ||||||
| Marketable securities | 11,832) | 12,731) | 12,839) | 15,131) | 15,400) | 14,484) | 14,362) | 15,413) | 13,456) | 14,613) | 14,742) | 15,309) | 14,688) | 16,415) | 17,369) | 18,936) | 18,625) | 17,184) | 20,215) | ||||||
| Total cash assets | 34,107) | 31,334) | 30,488) | 38,487) | 42,188) | 37,504) | 35,226) | 38,348) | 36,905) | 34,566) | 34,463) | 40,171) | 41,115) | 42,821) | 39,513) | 44,070) | 40,173) | 36,700) | 41,228) | ||||||
| Current liabilities | 111,967) | 107,933) | 106,679) | 114,890) | 116,648) | 114,988) | 108,732) | 106,859) | 109,036) | 103,403) | 103,206) | 101,531) | 100,268) | 101,015) | 95,905) | 96,866) | 90,167) | 86,452) | 90,352) | ||||||
| Liquidity Ratio | |||||||||||||||||||||||||
| Cash ratio1 | 0.30 | 0.29 | 0.29 | 0.33 | 0.36 | 0.33 | 0.32 | 0.36 | 0.34 | 0.33 | 0.33 | 0.40 | 0.41 | 0.42 | 0.41 | 0.45 | 0.45 | 0.42 | 0.46 | ||||||
| Benchmarks | |||||||||||||||||||||||||
| Cash Ratio, Competitors2 | |||||||||||||||||||||||||
| General Motors Co. | 0.26 | 0.26 | 0.26 | 0.30 | 0.32 | 0.31 | 0.30 | 0.28 | 0.34 | 0.32 | 0.28 | 0.28 | 0.36 | 0.35 | 0.31 | 0.34 | 0.35 | 0.34 | 0.33 | ||||||
| Tesla Inc. | 1.12 | 1.23 | 1.31 | 1.39 | 1.33 | 1.23 | 1.24 | 1.27 | 1.10 | 1.11 | 0.91 | 1.01 | 0.98 | 0.84 | 0.82 | 0.83 | 0.86 | 0.87 | 0.84 | ||||||
Based on: 10-Q (reporting date: 2026-09-30), 10-Q (reporting date: 2026-06-30), 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).
1 Q3 2026 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 34,107 ÷ 111,967 = 0.30
2 Click competitor name to see calculations.
The cash ratio exhibits a consistent downward trajectory from March 2022 through September 2026, indicating a gradual decline in the capacity to cover immediate short-term obligations using only the most liquid assets. While the ratio remained relatively stable during the first two years, a more pronounced contraction in liquidity coverage is observed starting in 2024.
- Cash Ratio Trends
- The ratio peaked at 0.46 in March 2022 and maintained a range between 0.40 and 0.46 through December 2023. A significant step-down occurred in March 2024, where the ratio dropped to 0.33. Despite brief recoveries, the ratio reached its lowest levels in 2026, concluding at 0.30 in September 2026.
- Cash Asset Fluctuations
- Total cash assets showed significant volatility, peaking at 44,070 million USD in December 2022. A general downward trend emerged after June 2025, with assets declining from 37,504 million USD in June 2025 to a period low of 30,488 million USD in March 2026, before a slight recovery toward the end of the period.
- Current Liability Expansion
- There is a clear upward trend in current liabilities, which rose from 90,352 million USD in March 2022 to a peak of 116,648 million USD in September 2025. The steady increase in short-term obligations, coupled with fluctuating or declining cash reserves, serves as the primary driver for the compression of the cash ratio.
- Liquidity Correlation
- The inverse relationship between rising current liabilities and stagnating cash assets is most evident between December 2023 and March 2024, where the cash ratio fell by 0.07 points. The persistent increase in liabilities throughout 2025 and 2026 further eroded the liquidity position, resulting in a terminal ratio significantly lower than the 2022 baseline.
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