Stock Analysis on Net

General Motors Co. (NYSE:GM)

$24.99

Debt to Equity
since 2010

Microsoft Excel

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Calculation

General Motors Co., debt to equity, long-term trends, calculation

Microsoft Excel

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).

1 US$ in millions


Total debt

Total debt shows a consistent upward trajectory over the observed period, increasing from $11.7 billion in 2010 to approximately $129.7 billion in 2024. The most pronounced surges occur between 2012 and 2016, where debt nearly quadruples from about $16.1 billion to $84.6 billion. After 2016, while still rising, the rate of increase moderates somewhat, with debt incrementally growing to its highest point in 2024.

Stockholders’ equity

Stockholders’ equity fluctuates throughout the years but trends moderately upwards overall. Starting at $36.2 billion in 2010, equity peaks twice—first near $43 billion in 2013, then more substantially reaching nearly $67.8 billion in 2022. Following the 2022 peak, equity slightly declines to $64.3 billion in 2023 and further to $63.1 billion in 2024. Despite these dips, equity levels in the later years remain elevated compared to the earlier part of the period.

Debt to equity ratio

The debt to equity ratio illustrates a rising leverage trend initially, climbing from 0.32 in 2010 to a high of approximately 2.7 in 2018. This indicates a significant increase in debt relative to equity during this period. From 2018 onward, the ratio declines to a low near 1.69 by 2022, suggesting some deleveraging or growth in equity outpacing debt accumulation at that time. However, the ratio reverses direction post-2022, increasing again to 2.06 in 2024, signifying renewed pressure on leverage levels.

Overall analysis

The data depicts a company that has substantially increased its debt over the examined period, particularly between 2012 and 2016, which contributed to a period of elevated financial leverage. Although stockholders’ equity has grown overall and helped to moderate leverage ratios in recent years, the end of the period shows rising debt relative to equity once again. These patterns suggest a strategic approach balancing debt financing with equity growth, but with recent increases in leverage that may warrant monitoring going forward.


Comparison to Competitors

General Motors Co., debt to equity, long-term trends, comparison to competitors

Microsoft Excel

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).


Comparison to Sector (Automobiles & Components)

General Motors Co., debt to equity, long-term trends, comparison to sector (automobiles & components)

Microsoft Excel

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).


Comparison to Industry (Consumer Discretionary)

General Motors Co., debt to equity, long-term trends, comparison to industry (consumer discretionary)

Microsoft Excel

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).