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-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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | General Motors Co. current ratio deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | General Motors Co. quick ratio improved from Q2 2023 to Q3 2023 but then deteriorated significantly from Q3 2023 to Q4 2023. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | General Motors Co. cash ratio improved from Q2 2023 to Q3 2023 but then deteriorated significantly from Q3 2023 to Q4 2023. |
Current Ratio
General Motors Co., current ratio calculation (quarterly data)
| 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Current assets | 101,618) | 110,721) | 106,804) | 98,832) | 100,451) | 98,271) | 91,094) | 88,594) | 82,103) | 77,791) | 82,609) | 82,091) | 80,924) | 89,177) | 87,497) | 97,699) | 74,992) | 80,565) | 81,306) | 80,090) | ||||||
| Current liabilities | 94,445) | 96,820) | 92,718) | 90,185) | 91,173) | 86,003) | 79,398) | 79,555) | 74,408) | 71,951) | 74,811) | 76,323) | 79,910) | 80,603) | 77,904) | 91,292) | 84,905) | 84,252) | 84,294) | 85,303) | ||||||
| Liquidity Ratio | ||||||||||||||||||||||||||
| Current ratio1 | 1.08 | 1.14 | 1.15 | 1.10 | 1.10 | 1.14 | 1.15 | 1.11 | 1.10 | 1.08 | 1.10 | 1.08 | 1.01 | 1.11 | 1.12 | 1.07 | 0.88 | 0.96 | 0.96 | 0.94 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Current Ratio, Competitors2 | ||||||||||||||||||||||||||
| Ford Motor Co. | 1.20 | 1.21 | 1.20 | 1.20 | 1.20 | 1.20 | 1.16 | 1.17 | 1.20 | 1.20 | 1.21 | 1.21 | 1.20 | 1.20 | 1.34 | 1.32 | 1.16 | 1.17 | 1.20 | 1.22 | ||||||
| Tesla Inc. | 1.73 | 1.69 | 1.59 | 1.57 | 1.53 | 1.46 | 1.43 | 1.35 | 1.38 | 1.39 | 1.51 | 1.66 | 1.88 | 1.63 | 1.25 | 1.24 | 1.13 | 1.08 | 1.06 | 0.83 | ||||||
Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 101,618 ÷ 94,445 = 1.08
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | General Motors Co. current ratio deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Quick Ratio
General Motors Co., quick ratio calculation (quarterly data)
| 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Cash and cash equivalents | 18,853) | 25,224) | 23,074) | 18,227) | 19,153) | 20,745) | 16,710) | 16,349) | 20,067) | 17,365) | 22,920) | 21,609) | 19,992) | 26,939) | 28,228) | 38,506) | 19,069) | 20,051) | 17,072) | 17,176) | ||||||
| Marketable debt securities | 7,613) | 9,651) | 9,556) | 9,981) | 12,150) | 9,566) | 10,124) | 9,907) | 8,609) | 6,575) | 6,211) | 7,771) | 9,046) | 9,962) | 9,254) | 7,620) | 4,174) | 6,725) | 7,049) | 6,021) | ||||||
| Accounts and notes receivable, net of allowance | 12,378) | 13,923) | 14,068) | 13,702) | 13,333) | 14,021) | 12,417) | 11,946) | 7,394) | 8,091) | 8,167) | 9,126) | 8,035) | 9,939) | 7,946) | 7,536) | 6,797) | 6,924) | 10,362) | 12,116) | ||||||
| GM Financial receivables, net of allowance | 39,076) | 36,224) | 34,440) | 32,283) | 33,623) | 31,049) | 28,479) | 28,440) | 26,649) | 25,093) | 24,444) | 24,583) | 26,209) | 24,562) | 22,851) | 26,320) | 26,601) | 28,017) | 27,925) | 27,230) | ||||||
| Total quick assets | 77,920) | 85,022) | 81,138) | 74,193) | 78,259) | 75,381) | 67,730) | 66,642) | 62,719) | 57,124) | 61,742) | 63,089) | 63,282) | 71,402) | 68,279) | 79,982) | 56,641) | 61,717) | 62,408) | 62,543) | ||||||
| Current liabilities | 94,445) | 96,820) | 92,718) | 90,185) | 91,173) | 86,003) | 79,398) | 79,555) | 74,408) | 71,951) | 74,811) | 76,323) | 79,910) | 80,603) | 77,904) | 91,292) | 84,905) | 84,252) | 84,294) | 85,303) | ||||||
| Liquidity Ratio | ||||||||||||||||||||||||||
| Quick ratio1 | 0.83 | 0.88 | 0.88 | 0.82 | 0.86 | 0.88 | 0.85 | 0.84 | 0.84 | 0.79 | 0.83 | 0.83 | 0.79 | 0.89 | 0.88 | 0.88 | 0.67 | 0.73 | 0.74 | 0.73 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | ||||||||||||||||||||||||||
| Ford Motor Co. | 1.01 | 0.99 | 0.99 | 0.99 | 1.02 | 0.99 | 0.95 | 0.96 | 1.03 | 1.01 | 1.01 | 1.03 | 1.05 | 1.04 | 1.17 | 1.14 | 0.99 | 1.00 | 1.04 | 1.06 | ||||||
| Tesla Inc. | 1.13 | 1.07 | 0.96 | 0.93 | 0.94 | 0.95 | 0.96 | 0.95 | 1.00 | 1.00 | 1.12 | 1.28 | 1.49 | 1.22 | 0.82 | 0.78 | 0.71 | 0.64 | 0.64 | 0.35 | ||||||
Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 77,920 ÷ 94,445 = 0.83
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | General Motors Co. quick ratio improved from Q2 2023 to Q3 2023 but then deteriorated significantly from Q3 2023 to Q4 2023. |
Cash Ratio
General Motors Co., cash ratio calculation (quarterly data)
| 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Cash and cash equivalents | 18,853) | 25,224) | 23,074) | 18,227) | 19,153) | 20,745) | 16,710) | 16,349) | 20,067) | 17,365) | 22,920) | 21,609) | 19,992) | 26,939) | 28,228) | 38,506) | 19,069) | 20,051) | 17,072) | 17,176) | ||||||
| Marketable debt securities | 7,613) | 9,651) | 9,556) | 9,981) | 12,150) | 9,566) | 10,124) | 9,907) | 8,609) | 6,575) | 6,211) | 7,771) | 9,046) | 9,962) | 9,254) | 7,620) | 4,174) | 6,725) | 7,049) | 6,021) | ||||||
| Total cash assets | 26,466) | 34,875) | 32,630) | 28,208) | 31,303) | 30,311) | 26,834) | 26,256) | 28,676) | 23,940) | 29,131) | 29,380) | 29,038) | 36,901) | 37,482) | 46,126) | 23,243) | 26,776) | 24,121) | 23,197) | ||||||
| Current liabilities | 94,445) | 96,820) | 92,718) | 90,185) | 91,173) | 86,003) | 79,398) | 79,555) | 74,408) | 71,951) | 74,811) | 76,323) | 79,910) | 80,603) | 77,904) | 91,292) | 84,905) | 84,252) | 84,294) | 85,303) | ||||||
| Liquidity Ratio | ||||||||||||||||||||||||||
| Cash ratio1 | 0.28 | 0.36 | 0.35 | 0.31 | 0.34 | 0.35 | 0.34 | 0.33 | 0.39 | 0.33 | 0.39 | 0.38 | 0.36 | 0.46 | 0.48 | 0.51 | 0.27 | 0.32 | 0.29 | 0.27 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | ||||||||||||||||||||||||||
| Ford Motor Co. | 0.85 | 0.83 | 0.85 | 0.83 | 0.85 | 0.82 | 0.78 | 0.82 | 0.91 | 0.89 | 0.90 | 0.92 | 0.95 | 0.93 | 1.08 | 1.07 | 0.90 | 0.89 | 0.93 | 0.94 | ||||||
| Tesla Inc. | 1.01 | 0.98 | 0.84 | 0.82 | 0.83 | 0.86 | 0.87 | 0.84 | 0.90 | 0.89 | 0.99 | 1.15 | 1.36 | 1.09 | 0.70 | 0.67 | 0.59 | 0.53 | 0.52 | 0.24 | ||||||
Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 26,466 ÷ 94,445 = 0.28
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | General Motors Co. cash ratio improved from Q2 2023 to Q3 2023 but then deteriorated significantly from Q3 2023 to Q4 2023. |