Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
General Motors Co., liquidity ratios (quarterly data)
Based on: 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 evaluation of the liquidity position reveals a period of relative stability followed by a moderate strengthening and a subsequent slight contraction. The overall liquidity posture remains consistent, with current assets generally exceeding current liabilities across the analyzed period.
- Current Ratio
- The current ratio maintained a range between 1.08 and 1.23. A period of incremental growth is observed from March 2024, where the ratio rose from 1.16 to a peak of 1.23 by September 2025. A mild downward adjustment occurred in the final quarters, settling at 1.14 by June 2026. This trajectory indicates a consistent capacity to meet short-term obligations with a margin of safety.
- Quick Ratio
- The quick ratio exhibited a trajectory similar to the current ratio, fluctuating between 0.82 and 0.98. A notable improvement is observed throughout 2024 and the first three quarters of 2025, reaching a high of 0.98. The subsequent decline to 0.89 by mid-2026 indicates a slight reduction in highly liquid assets relative to liabilities. The persistent gap between the current and quick ratios suggests a stable dependency on inventory for total current asset coverage.
- Cash Ratio
- The cash ratio remained the most conservative metric, fluctuating between a high of 0.36 in September 2023 and a low of 0.26 in the final two quarters of the analyzed period. Periodic dips are evident in December 2023 and December 2024, both reaching 0.28. The general trend reflects a strategic management of cash balances, with a slight overall decline in the most immediate liquidity available to cover short-term debt toward the end of the period.
The synchronized movement of the current and quick ratios implies that changes in overall liquidity were driven primarily by factors other than inventory volatility. The convergence of these ratios toward a peak in late 2025 suggests a temporary optimization of the short-term asset structure before returning to baseline levels in 2026.
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Current Ratio
General Motors Co., current ratio calculation (quarterly data)
| 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 | 110,008) | 109,121) | 108,767) | 114,636) | 114,285) | 110,006) | 108,545) | 115,419) | 112,064) | 106,470) | 101,618) | 110,721) | 106,804) | 98,832) | 100,451) | 98,271) | 91,094) | 88,594) | ||||||
| Current liabilities | 96,834) | 94,720) | 93,342) | 93,295) | 93,812) | 90,747) | 96,265) | 95,463) | 95,363) | 91,777) | 94,445) | 96,820) | 92,718) | 90,185) | 91,173) | 86,003) | 79,398) | 79,555) | ||||||
| Liquidity Ratio | ||||||||||||||||||||||||
| Current ratio1 | 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 | ||||||
| Benchmarks | ||||||||||||||||||||||||
| Current Ratio, Competitors2 | ||||||||||||||||||||||||
| Ford Motor Co. | 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 | ||||||
| Tesla Inc. | 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: 2026-06-30), 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 Q2 2026 Calculation
Current ratio = Current assets ÷ Current liabilities
= 110,008 ÷ 96,834 = 1.14
2 Click competitor name to see calculations.
Analysis of short-term liquidity indicates a consistent ability to cover immediate obligations, with the current ratio remaining above 1.0 throughout the observed period from March 2022 to June 2026.
- Current Assets Growth
- A general upward trajectory in current assets is observed, increasing from 88,594 million USD in March 2022 to 110,008 million USD by June 2026. Asset levels peaked at 114,636 million USD in September 2025, reflecting a substantial expansion of liquid resources over the analyzed timeframe.
- Current Liabilities Management
- Current liabilities exhibited moderate growth and relative stability, moving from 79,555 million USD in March 2022 to 96,834 million USD in June 2026. While liabilities increased, the growth was more controlled compared to the expansion of current assets, which prevented significant liquidity erosion.
- Current Ratio Volatility and Performance
- The current ratio fluctuated within a defined range, reaching a low of 1.08 in December 2023 and a peak of 1.23 in September 2025. A period of relative stability characterized the 2022-2023 window, followed by a strengthening of the liquidity position throughout 2024 and the first three quarters of 2025. A slight downward correction occurred toward the end of 2025 and into 2026, with the ratio settling at 1.14 by June 2026.
The overall trajectory suggests a reinforced liquidity buffer, as the growth in assets has generally outpaced the rise in liabilities, ensuring a sustained margin of safety for short-term solvency.
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Quick Ratio
General Motors Co., quick ratio calculation (quarterly data)
| 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 | 20,134) | 19,800) | 20,945) | 22,910) | 22,381) | 20,570) | 19,872) | 23,744) | 22,516) | 17,635) | 18,853) | 25,224) | 23,074) | 18,227) | 19,153) | 20,745) | 16,710) | 16,349) | ||||||
| Marketable debt securities | 4,585) | 4,618) | 6,724) | 6,792) | 6,958) | 6,919) | 7,265) | 8,477) | 8,313) | 7,845) | 7,613) | 9,651) | 9,556) | 9,981) | 12,150) | 9,566) | 10,124) | 9,907) | ||||||
| Accounts and notes receivable, net of allowance | 16,770) | 16,381) | 13,054) | 17,125) | 16,722) | 14,936) | 12,827) | 13,782) | 13,406) | 13,774) | 12,378) | 13,923) | 14,068) | 13,702) | 13,333) | 14,021) | 12,417) | 11,946) | ||||||
| GM Financial receivables, net of allowance | 44,870) | 43,751) | 45,266) | 44,521) | 44,473) | 44,517) | 46,362) | 44,453) | 42,783) | 41,682) | 39,076) | 36,224) | 34,440) | 32,283) | 33,623) | 31,049) | 28,479) | 28,440) | ||||||
| Total quick assets | 86,359) | 84,550) | 85,989) | 91,348) | 90,534) | 86,942) | 86,326) | 90,456) | 87,018) | 80,936) | 77,920) | 85,022) | 81,138) | 74,193) | 78,259) | 75,381) | 67,730) | 66,642) | ||||||
| Current liabilities | 96,834) | 94,720) | 93,342) | 93,295) | 93,812) | 90,747) | 96,265) | 95,463) | 95,363) | 91,777) | 94,445) | 96,820) | 92,718) | 90,185) | 91,173) | 86,003) | 79,398) | 79,555) | ||||||
| Liquidity Ratio | ||||||||||||||||||||||||
| Quick ratio1 | 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 | ||||||
| Benchmarks | ||||||||||||||||||||||||
| Quick Ratio, Competitors2 | ||||||||||||||||||||||||
| Ford Motor Co. | 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 | ||||||
| Tesla Inc. | 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: 2026-06-30), 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 Q2 2026 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 86,359 ÷ 96,834 = 0.89
2 Click competitor name to see calculations.
The liquidity position exhibits a general upward trajectory over the period from March 2022 to June 2026, characterized by a steady increase in highly liquid assets relative to short-term obligations. While the quick ratio remains consistently below the 1.0 threshold, the overall trend indicates an improvement in the ability to meet immediate liabilities without relying on inventory liquidation.
- Total Quick Assets
- A sustained growth pattern is observed in total quick assets, which increased from 66,642 million US$ in March 2022 to a peak of 91,348 million US$ in September 2025. Despite some volatility in late 2023 and late 2025, the asset base expanded significantly, providing a larger cushion of liquidity over the analyzed timeframe.
- Current Liabilities
- Short-term obligations demonstrated a gradual increase, rising from 79,555 million US$ in March 2022 to 96,834 million US$ by June 2026. The most rapid accumulation of liabilities occurred between December 2022 and September 2023, after which the figures remained relatively stable, fluctuating primarily between 90,000 million US$ and 96,000 million US$.
- Quick Ratio Trends
- The quick ratio fluctuated within a range of 0.82 to 0.98. A notable period of improvement occurred between March 2024 and September 2025, during which the ratio rose from 0.88 to its peak of 0.98. This indicates that during this window, the growth of quick assets outpaced the growth of current liabilities. However, a subsequent moderate decline is evident in 2026, with the ratio settling at 0.89 by June 2026.
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Cash Ratio
General Motors Co., cash ratio calculation (quarterly data)
| Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||
| Cash and cash equivalents | 20,134) | 19,800) | 20,945) | 22,910) | 22,381) | 20,570) | 19,872) | 23,744) | 22,516) | 17,635) | 18,853) | 25,224) | 23,074) | 18,227) | 19,153) | 20,745) | 16,710) | 16,349) | ||||||
| Marketable debt securities | 4,585) | 4,618) | 6,724) | 6,792) | 6,958) | 6,919) | 7,265) | 8,477) | 8,313) | 7,845) | 7,613) | 9,651) | 9,556) | 9,981) | 12,150) | 9,566) | 10,124) | 9,907) | ||||||
| Total cash assets | 24,719) | 24,418) | 27,669) | 29,702) | 29,339) | 27,489) | 27,137) | 32,221) | 30,829) | 25,480) | 26,466) | 34,875) | 32,630) | 28,208) | 31,303) | 30,311) | 26,834) | 26,256) | ||||||
| Current liabilities | 96,834) | 94,720) | 93,342) | 93,295) | 93,812) | 90,747) | 96,265) | 95,463) | 95,363) | 91,777) | 94,445) | 96,820) | 92,718) | 90,185) | 91,173) | 86,003) | 79,398) | 79,555) | ||||||
| Liquidity Ratio | ||||||||||||||||||||||||
| Cash ratio1 | 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 | ||||||
| Benchmarks | ||||||||||||||||||||||||
| Cash Ratio, Competitors2 | ||||||||||||||||||||||||
| Ford Motor Co. | 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 | ||||||
| Tesla Inc. | 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: 2026-06-30), 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 Q2 2026 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 24,719 ÷ 96,834 = 0.26
2 Click competitor name to see calculations.
The analysis of liquidity from March 2022 to June 2026 reveals a period of fluctuating cash positions against a backdrop of generally increasing current liabilities. While immediate liquidity peaked in the third quarter of 2023, a subsequent downward trend is observed toward the end of the period, indicating a tightening of the immediate cash cushion.
- Total Cash Assets
- Cash positions exhibited notable volatility, starting at 26,256 million USD in March 2022 and reaching a peak of 34,875 million USD in September 2023. Following this peak, assets declined to 26,466 million USD by December 2023. Throughout 2024 and 2025, cash levels oscillated between approximately 25,480 million USD and 32,221 million USD, before ending at 24,719 million USD in June 2026.
- Current Liabilities
- Current obligations demonstrated a consistent upward trajectory during the first half of the analyzed period, rising from 79,555 million USD in March 2022 to 96,820 million USD by September 2023. For the remainder of the period, liabilities remained elevated, fluctuating within a narrow band between 90,185 million USD and 96,834 million USD, suggesting a sustained level of short-term financial obligations.
- Cash Ratio Analysis
- The cash ratio fluctuated between a high of 0.36 in September 2023 and a low of 0.26 in the first half of 2026. The peak in the ratio aligns directly with the maximum cash asset balance and a relatively stable liability base. A period of relative stability is observed between 0.28 and 0.34 from December 2023 through December 2025, followed by a decline to 0.26 in the final two quarters of the series.
- Liquidity Implications
- The results indicate that the company consistently maintains enough cash to cover between 26% and 36% of its current liabilities. The convergence of declining cash assets and sustained high current liabilities toward June 2026 resulted in the lowest recorded cash ratio of the period, suggesting a reduction in immediate liquidity available to meet short-term debts without relying on other current assets or financing.
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