FAQs
General Motors Total Long Term Debt (Quarterly): 121.74B for Dec. 31, 2023.
What is the cost of debt for General Motors? ›
As of Dec. 2023, General Motors Co's interest expense (positive number) was $911 Mil. Its total Book Value of Debt (D) is $117930.2 Mil. Cost of Debt = 911 / 117930.2 = 0.7725%.
What is GM's current debt? ›
Total debt on the balance sheet as of December 2023 : $122.64 B. According to General Motors's latest financial reports the company's total debt is $122.64 B. A company's total debt is the sum of all current and non-current debts.
How much debt did GM have in 2008? ›
The 2008 figure is close to the minimum amount of cash GM has said it needs to fund its operations. Young said GM's total debt at the end of 2008, including the first $4 billion in government loans, was $45.3 billion.
Does GM have too much debt? ›
What Is General Motors's Debt? You can click the graphic below for the historical numbers, but it shows that as of December 2023 General Motors had US$121.3b of debt, an increase on US$114.3b, over one year. However, it does have US$21.2b in cash offsetting this, leading to net debt of about US$100.1b.
What happens when a company has too much long-term debt? ›
A company is said to be overleveraged when it has too much debt, impeding its ability to make principal and interest payments and to cover operating expenses. Being overleveraged typically leads to a downward financial spiral resulting in the need to borrow more.
Is General Motors financially stable? ›
General Motors Co has the Financial Strength Rank of 5.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is.
Did General Motors pay back their government loan? ›
"As of today, GM has repaid in full and interest," said GM CEO Ed Whitacre to a crowd assembled on floor of a GM plant in Kansas City, Kan.
How much debt does GMC have? ›
How Much Debt Does General Motors Carry? You can click the graphic below for the historical numbers, but it shows that General Motors had US$108.6b of debt in September 2021, down from US$117.2b, one year before. However, it does have US$19.0b in cash offsetting this, leading to net debt of about US$89.6b.
Who is GM's largest shareholder? ›
Top Institutional Holders
| Holder | Shares | Date Reported |
|---|
| Blackrock Inc. | 136.95M | Dec 31, 2023 |
| Vanguard Group Inc | 111.62M | Dec 31, 2023 |
| State Street Corporation | 59.62M | Dec 31, 2023 |
| Capital World Investors | 42.57M | Dec 31, 2023 |
6 more rowsCash on Hand as of December 2023 : $26.46 B
According to General Motors's latest financial reports the company has $26.46 B in cash and cash equivalents. A company's cash on hand also refered as cash/cash equivalents (CCE) and Short-term investments, is the amount of accessible money a business has.
Who owns the largest debt in us? ›
U.S. Treasury Securities Holders by Type
The largest holder of U.S. debt is the U.S government. Which agencies own the most Treasury notes, bills, and bonds? Social Security, by a long shot. The U.S. Treasury publishes this information in its monthly Treasury statement.
Who bailed out General Motors? ›
Bush announced that he had approved the bailout plan, which would give loans of $17.4 billion to U.S. automakers GM and Chrysler, stating that under present economic conditions, "allowing the U.S. auto industry to collapse is not a responsible course of action." Bush provided $13.4 billion immediately, with another $4 ...
Did us lose money on GM bailout? ›
At the time of the December sale, Treasury put the total loss at $10.3 billion but said it did not expect any significant proceeds from its remaining $826 million investment in "old" GM, the report by the Office of the Special Inspector General for the Troubled Asset Relief Program said.
Why did GM lose money in 2017? ›
Accounting for charges for the Opel-Vauxhall sale to PSA Groupe SA and a $7.3 billion non-cash write-down of its tax assets in the fourth quarter, GM posted a loss of $3.9 billion in 2017. GM took a $6.2 billion hit on the year in its sale of Opel-Vauxhall, bringing down the year-end result.
How much debt is GMC in? ›
According to the General Motors's most recent financial statement as reported on February 10, 2021, total debt is at $109.89 billion, with $72.98 billion in long-term debt and $36.91 billion in current debt. Adjusting for $19.99 billion in cash-equivalents, the company has a net debt of $89.90 billion.
Which automaker has the most debt? ›
When it comes to companies outside of the financial industries, automaker Toyota is the most-indebted company ($221.13 billion). Of the tech companies on the list, Amazon and Apple have the highest levels of debt, owing $138.91 billion and $109.28 billion, respectively.
