Stock Analysis on Net
Stock Analysis on Net

General Motors Co. (NYSE:GM)

Common-Size Balance Sheet: Assets 
Quarterly Data

General Motors Co., common-size consolidated balance sheet: assets (quarterly data)

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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 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Cash and cash equivalents 7.05 7.45 7.95 7.73 7.29 7.10 8.21 7.96 6.38 6.90 8.95 8.37 6.83 7.25 7.96 6.59 6.50 8.20 7.28 9.48 9.06
Marketable debt securities 1.64 2.39 2.36 2.40 2.45 2.60 2.93 2.94 2.84 2.79 3.43 3.46 3.74 4.60 3.67 3.99 3.94 3.52 2.76 2.57 3.26
Accounts and notes receivable, net of allowance 5.83 4.64 5.94 5.78 5.29 4.58 4.76 4.74 4.98 4.53 4.94 5.10 5.13 5.05 5.38 4.90 4.75 3.02 3.39 3.38 3.83
GM Financial receivables, net of allowance 15.57 16.09 15.45 15.37 15.78 16.57 15.37 15.12 15.07 14.31 12.86 12.49 12.09 12.73 11.92 11.23 11.31 10.89 10.52 10.11 10.31
Inventories 5.55 5.14 5.32 5.34 5.41 5.21 5.99 6.22 6.34 6.03 6.30 6.49 6.65 5.82 6.28 6.65 5.90 5.31 6.09 5.42 5.06
Other current assets 3.20 2.95 2.77 2.87 2.77 2.74 2.64 2.63 2.89 2.65 2.83 2.81 2.58 2.59 2.50 2.57 2.83 2.61 2.57 3.21 2.91
Current assets 38.84% 38.67% 39.78% 39.49% 38.99% 38.80% 39.90% 39.60% 38.49% 37.21% 39.30% 38.72% 37.02% 38.04% 37.72% 35.93% 35.23% 33.55% 32.61% 34.16% 34.43%
GM Financial receivables, net of allowance 15.56 15.78 15.72 16.26 16.50 16.61 15.88 15.81 15.73 16.50 15.97 16.02 16.32 15.37 15.18 15.08 14.48 14.78 14.52 14.68 14.13
Equity in net assets of nonconsolidated affiliates 2.13 2.02 2.18 2.11 2.44 2.54 3.82 3.79 3.88 3.89 3.74 3.65 3.95 3.85 3.80 3.84 4.14 3.95 3.87 3.67 3.77
Property, net 18.57 18.37 18.02 18.02 18.48 18.55 17.80 18.08 18.59 18.43 17.54 17.38 17.56 17.14 16.43 16.54 16.58 16.80 16.62 16.06 15.85
Goodwill and intangible assets, net 1.54 1.55 1.54 1.55 1.60 1.63 1.64 1.69 1.74 1.78 1.74 1.79 1.86 1.87 1.91 1.98 2.01 2.08 2.15 2.14 2.17
Equipment on operating leases, net 11.87 11.98 11.66 11.47 11.43 11.29 10.70 10.72 10.88 11.20 11.03 11.44 11.93 12.39 12.97 13.93 14.55 15.50 16.62 16.79 16.92
Deferred income taxes 8.07 8.16 7.52 7.42 7.53 7.60 7.26 7.45 7.85 8.18 7.20 7.48 7.74 7.78 7.90 8.30 8.46 8.64 9.32 9.27 9.68
Other assets 3.42 3.47 3.57 3.67 3.04 2.98 3.00 2.85 2.83 2.81 3.48 3.51 3.62 3.55 4.10 4.40 4.55 4.69 4.28 3.23 3.04
Non-current assets 61.16% 61.33% 60.22% 60.51% 61.01% 61.20% 60.10% 60.40% 61.51% 62.79% 60.70% 61.28% 62.98% 61.96% 62.28% 64.07% 64.77% 66.45% 67.39% 65.84% 65.57%
Total assets 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: 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).

The asset composition of the organization shows a gradual shift in weighting from non-current assets toward current assets over the analyzed period. Current assets expanded from 34.43% of total assets in March 2021 to 38.84% by March 2026, while non-current assets decreased from 65.57% to 61.16% over the same timeframe.

Liquidity and Short-Term Asset Trends
Cash and cash equivalents exhibit volatility, peaking at 9.48% in June 2021 and reaching a low of 6.38% in March 2024, before stabilizing around 7.05% to 7.29% in the final periods. Marketable debt securities show a consistent long-term decline, falling from 3.26% in March 2021 to 1.64% by March 2026, suggesting a reduction in the allocation of funds toward short-term liquid securities.
Financing and Receivables Analysis
A significant increase is observed in the weighting of GM Financial receivables. Current receivables rose from 10.31% in March 2021 to 15.57% in March 2026. Non-current GM Financial receivables also trended upward, moving from 14.13% to 15.56%. Collectively, the increasing proportion of financing receivables indicates a growing emphasis on the credit and financing arm of the business relative to the total asset base.
Operational and Fixed Asset Shifts
Inventories remained relatively stable, fluctuating between 5.06% and 6.65%, with a slight narrowing toward 5.55% by the end of the period. Property, net, demonstrated a gradual increase in its share of total assets, rising from 15.85% to 18.57%. Conversely, equipment on operating leases, net, experienced a marked decline, dropping from 16.92% in March 2021 to 11.87% in March 2026, indicating a strategic shift in how lease assets are managed or reported.
Other Non-Current Asset Adjustments
Deferred income taxes showed a general downward trajectory, decreasing from 9.68% to 8.07%. Equity in the net assets of nonconsolidated affiliates also contracted, moving from 3.77% in early 2021 to 2.13% by March 2026. Goodwill and intangible assets remained consistently low and stable, ending at 1.54% of total assets.

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