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General Motors Co. (GM)
Analysis of Solvency Ratios
Beginner level
Solvency ratios also known as long-term debt ratios measure a company’s ability to meet long-term obligations.
Solvency Ratios (Summary)
General Motors Co., solvency ratios
Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
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Debt Ratios | ||||||
Debt to equity | ![]() |
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Debt to capital | ![]() |
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Debt to assets | ![]() |
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Financial leverage | ![]() |
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Coverage Ratios | ||||||
Interest coverage | ![]() |
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Fixed charge coverage | ![]() |
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Based on: 10-K (filing date: 2019-02-06), 10-K (filing date: 2018-02-06), 10-K (filing date: 2017-02-07), 10-K (filing date: 2016-02-03), 10-K (filing date: 2015-02-04).
Solvency ratio | Description | The company |
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Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | General Motors Co.’s debt to equity ratio deteriorated from 2016 to 2017 and from 2017 to 2018. |
Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | General Motors Co.’s debt to capital ratio deteriorated from 2016 to 2017 and from 2017 to 2018. |
Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | General Motors Co.’s debt to assets ratio deteriorated from 2016 to 2017 and from 2017 to 2018. |
Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | General Motors Co.’s financial leverage ratio increased from 2016 to 2017 but then slightly decreased from 2017 to 2018. |
Solvency ratio | Description | The company |
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Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | General Motors Co.’s interest coverage ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018. |
Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | General Motors Co.’s fixed charge coverage ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018. |
Debt to Equity
General Motors Co., debt to equity calculation, comparison to benchmarks
Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
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Selected Financial Data (US$ in millions) | ||||||
Short-term debt and current portion of long-term debt | ![]() |
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Long-term debt, excluding current portion | ![]() |
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Total debt | ![]() |
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Stockholders’ equity | ![]() |
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Solvency Ratio | ||||||
Debt to equity1 | ![]() |
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Benchmarks | ||||||
Debt to Equity, Competitors2 | ||||||
Ford Motor Co. | ![]() |
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Debt to Equity, Sector | ||||||
Automobiles & Parts | ![]() |
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Debt to Equity, Industry | ||||||
Consumer Goods | ![]() |
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Based on: 10-K (filing date: 2019-02-06), 10-K (filing date: 2018-02-06), 10-K (filing date: 2017-02-07), 10-K (filing date: 2016-02-03), 10-K (filing date: 2015-02-04).
1 2018 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
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2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
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Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | General Motors Co.’s debt to equity ratio deteriorated from 2016 to 2017 and from 2017 to 2018. |
Debt to Capital
General Motors Co., debt to capital calculation, comparison to benchmarks
Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
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Selected Financial Data (US$ in millions) | ||||||
Short-term debt and current portion of long-term debt | ![]() |
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Long-term debt, excluding current portion | ![]() |
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Total debt | ![]() |
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Stockholders’ equity | ![]() |
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Total capital | ![]() |
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Solvency Ratio | ||||||
Debt to capital1 | ![]() |
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Benchmarks | ||||||
Debt to Capital, Competitors2 | ||||||
Ford Motor Co. | ![]() |
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Debt to Capital, Sector | ||||||
Automobiles & Parts | ![]() |
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Debt to Capital, Industry | ||||||
Consumer Goods | ![]() |
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Based on: 10-K (filing date: 2019-02-06), 10-K (filing date: 2018-02-06), 10-K (filing date: 2017-02-07), 10-K (filing date: 2016-02-03), 10-K (filing date: 2015-02-04).
1 2018 Calculation
Debt to capital = Total debt ÷ Total capital
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2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
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Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | General Motors Co.’s debt to capital ratio deteriorated from 2016 to 2017 and from 2017 to 2018. |
Debt to Assets
General Motors Co., debt to assets calculation, comparison to benchmarks
Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
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Selected Financial Data (US$ in millions) | ||||||
Short-term debt and current portion of long-term debt | ![]() |
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Long-term debt, excluding current portion | ![]() |
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Total debt | ![]() |
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Total assets | ![]() |
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Solvency Ratio | ||||||
Debt to assets1 | ![]() |
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Benchmarks | ||||||
Debt to Assets, Competitors2 | ||||||
Ford Motor Co. | ![]() |
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Debt to Assets, Sector | ||||||
Automobiles & Parts | ![]() |
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Debt to Assets, Industry | ||||||
Consumer Goods | ![]() |
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Based on: 10-K (filing date: 2019-02-06), 10-K (filing date: 2018-02-06), 10-K (filing date: 2017-02-07), 10-K (filing date: 2016-02-03), 10-K (filing date: 2015-02-04).
1 2018 Calculation
Debt to assets = Total debt ÷ Total assets
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2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
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Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | General Motors Co.’s debt to assets ratio deteriorated from 2016 to 2017 and from 2017 to 2018. |
Financial Leverage
General Motors Co., financial leverage calculation, comparison to benchmarks
Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
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Selected Financial Data (US$ in millions) | ||||||
Total assets | ![]() |
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Stockholders’ equity | ![]() |
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Solvency Ratio | ||||||
Financial leverage1 | ![]() |
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Benchmarks | ||||||
Financial Leverage, Competitors2 | ||||||
Ford Motor Co. | ![]() |
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Financial Leverage, Sector | ||||||
Automobiles & Parts | ![]() |
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Financial Leverage, Industry | ||||||
Consumer Goods | ![]() |
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Based on: 10-K (filing date: 2019-02-06), 10-K (filing date: 2018-02-06), 10-K (filing date: 2017-02-07), 10-K (filing date: 2016-02-03), 10-K (filing date: 2015-02-04).
1 2018 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
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2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
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Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | General Motors Co.’s financial leverage ratio increased from 2016 to 2017 but then slightly decreased from 2017 to 2018. |
Interest Coverage
General Motors Co., interest coverage calculation, comparison to benchmarks
Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
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Selected Financial Data (US$ in millions) | ||||||
Net income (loss) attributable to stockholders | ![]() |
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Add: Net income attributable to noncontrolling interest | ![]() |
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Less: Loss from discontinued operations, net of tax | ![]() |
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Add: Income tax expense | ![]() |
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Add: Automotive interest expense | ![]() |
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Earnings before interest and tax (EBIT) | ![]() |
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Solvency Ratio | ||||||
Interest coverage1 | ![]() |
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Benchmarks | ||||||
Interest Coverage, Competitors2 | ||||||
Ford Motor Co. | ![]() |
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Interest Coverage, Sector | ||||||
Automobiles & Parts | ![]() |
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Interest Coverage, Industry | ||||||
Consumer Goods | ![]() |
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Based on: 10-K (filing date: 2019-02-06), 10-K (filing date: 2018-02-06), 10-K (filing date: 2017-02-07), 10-K (filing date: 2016-02-03), 10-K (filing date: 2015-02-04).
1 2018 Calculation
Interest coverage = EBIT ÷ Interest expense
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2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
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Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | General Motors Co.’s interest coverage ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018. |
Fixed Charge Coverage
General Motors Co., fixed charge coverage calculation, comparison to benchmarks
Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
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Selected Financial Data (US$ in millions) | ||||||
Net income (loss) attributable to stockholders | ![]() |
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Add: Net income attributable to noncontrolling interest | ![]() |
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Less: Loss from discontinued operations, net of tax | ![]() |
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Add: Income tax expense | ![]() |
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Add: Automotive interest expense | ![]() |
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Earnings before interest and tax (EBIT) | ![]() |
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Add: Rental expense under operating leases | ![]() |
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Earnings before fixed charges and tax | ![]() |
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Automotive interest expense | ![]() |
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Rental expense under operating leases | ![]() |
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Fixed charges | ![]() |
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Solvency Ratio | ||||||
Fixed charge coverage1 | ![]() |
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Benchmarks | ||||||
Fixed Charge Coverage, Competitors2 | ||||||
Ford Motor Co. | ![]() |
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Fixed Charge Coverage, Sector | ||||||
Automobiles & Parts | ![]() |
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Fixed Charge Coverage, Industry | ||||||
Consumer Goods | ![]() |
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Based on: 10-K (filing date: 2019-02-06), 10-K (filing date: 2018-02-06), 10-K (filing date: 2017-02-07), 10-K (filing date: 2016-02-03), 10-K (filing date: 2015-02-04).
1 2018 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
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2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
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Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | General Motors Co.’s fixed charge coverage ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018. |