Is GM in 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.
General Motors long term debt for 2022 was $75.921B, a 0.35% increase from 2021. General Motors long term debt for 2021 was $75.659B, a 3.67% increase from 2020.
GM's revenue in the fourth quarter was essentially flat compared to the year-ago period. However, net income rose 5.4%. And for the full year, the company's sales of $172 billion climbed 9.6% versus 2022. Management also provided upbeat guidance that pleased Wall Street analysts.
General Motors annual net current debt for 2023 was $-0.156B, a 141.82% decline from 2022. General Motors annual net current debt for 2022 was $0.373B, a 87.19% decline from 2021.
General Motors Company reported earnings results for the full year ended December 31, 2023. For the full year, the company reported revenue was USD 171,842 million compared to USD 156,735 million a year ago. Net income was USD 10,127 million compared to USD 9,934 million a year ago.
Riding strong momentum
GM's revenue in the fourth quarter was essentially flat compared to the year-ago period. However, net income rose 5.4%. And for the full year, the company's sales of $172 billion climbed 9.6% versus 2022. Management also provided upbeat guidance that pleased Wall Street analysts.
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.
General Motors reported Tuesday its first quarter sales in the U.S. for 2024 dipped 1.5% when compared with the year-ago quarter on dramatically lower fleet sales due to some production pauses.
Barra insisted that the reincarnation of the plug-in hybrid does not mean that the company is retreating from its plan, announced in 2021, to produce only electric vehicles by 2035. “Let me be clear, GM remains committed to eliminating tailpipe emissions from our light duty vehicles by 2035,” she said.
General Motors (GM) Reviews FAQs
General Motors (GM) has an overall rating of 3.9 out of 5, based on over 13,375 reviews left anonymously by employees. 74% of employees would recommend working at General Motors (GM) to a friend and 57% have a positive outlook for the business.
Who owns most of GM stock?
Largest shareholders include BlackRock Inc., Vanguard Group Inc, State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Capital World Investors, Harris Associates L P, VFINX - Vanguard 500 Index Fund Investor Shares, Geode Capital Management, Llc, Capital Research Global Investors, and Bank ...
GM: repaid $23.1 billion of the $49.5 billion it got from the U.S. Treasury, including all of its outstanding loans. But Treasury still owns 500 million shares, or 32%, of GM stock.
On June 1, 2009 General Motors filed for bankruptcy in New York, with $82 billion in assets and $173 billion in liabilities. It was the largest industrial bankruptcy in history. Harvey Miller and his team masterfully defended and guided the NewCo plan through the bankruptcy court, successfully making it their own.
GM earns the majority of its revenue and profit from vehicle sales but also from its financing arm called GM Financial.
First, GM stock itself appears significantly undervalued compared to the rest of the auto industry. Second, the market appears to overstate Tesla's viability ahead of serious challenges for the EV pioneer.
General Motors Total Long Term Debt (Quarterly): 121.74B for Dec. 31, 2023.
The ownership structure of General Motors (GM) stock is a mix of institutional, retail and individual investors. Approximately 47.51% of the company's stock is owned by Institutional Investors, 6.80% is owned by Insiders and 45.69% is owned by Public Companies and Individual Investors.
Based on 19 Wall Street analysts offering 12 month price targets for General Motors in the last 3 months. The average price target is $51.17 with a high forecast of $95.00 and a low forecast of $28.00. The average price target represents a 15.40% change from the last price of $44.34.
Is General Motors stock a Buy, Sell or Hold? General Motors stock has received a consensus rating of buy. The average rating score is and is based on 49 buy ratings, 19 hold ratings, and 9 sell ratings.
While traditional automakers have relied on massive debts to produce and sell their capital-intensive products in their 100-year histories, Tesla's business model has found it with high levels of cash flow and unprecedently low debt for the industry.
Who owes the most debt in US?
As a result, totals from January 2023 are lower than reported. As of January 2023, the five countries owning the most US debt are Japan ($1.1 trillion), China ($859 billion), the United Kingdom ($668 billion), Belgium ($331 billion), and Luxembourg ($318 billion).
As of February 2023, the Japanese car manufacturer Toyota was the company with the highest debt worldwide, amounting to 217 billion U.S. dollars. The Chinese property developer Evergrande followed in second with a debt of roughly 170 billion U.S. dollars, with Volkswagen following in third.
It became clearer during the 2000s that demand for less fuel-efficient vehicles, typically trucks, was losing momentum. Rising gas prices and changes in consumer preferences collided to make for a powerful storm that would help knock down the already financially-fragile GM.
still has a plan in place to be all electric by 2035, but will adapt based on customer demands, CEO Mary Barra said Monday during an Automotive Press Association event. "We're going to be led by the customer," Barra said. "But I do believe this transition will happen over a period of time."
General Motors will halt production of its popular pickup trucks due to parts shortages, but it is not specifying which parts it needs.
