General Motors Debt-to-Equity Ratio Growth & History (GM)
General Motors's debt-to-equity ratio was 2.17 for fiscal 2025.
View full General Motors company overviewGeneral Motors annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 2.17 | 0.07 | +3.12% |
| 2024 | 2024-12-31 | 2.11 | 0.17 | +8.72% |
| 2023 | 2023-12-31 | 1.94 | 0.21 | +11.95% |
| 2022 | 2022-12-31 | 1.73 | −0.13 | −6.84% |
| 2021 | 2021-12-31 | 1.86 | −0.61 | −24.57% |
| 2020 | 2020-12-31 | 2.46 | −0.05 | −1.86% |
| 2019 | 2019-12-31 | 2.51 | −0.22 | −8.06% |
| 2018 | 2018-12-31 | 2.73 | 0.01 | +0.33% |
| 2017 | 2017-12-31 | 2.72 | 0.77 | +39.39% |
| 2016 | 2016-12-31 | 1.95 | 0.35 | +21.99% |
| 2015 | 2015-12-31 | 1.60 | 0.26 | +19.42% |
| 2014 | 2014-12-31 | 1.34 | — | — |
General Motors quarterly debt-to-equity ratio
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 2.06 | 0.01 | +0.70% |
| Q1 2026 | 2026-03-31 | 2.04 | — | — |
| Q4 2025 | 2025-12-31 | 2.17 | 0.07 | +3.12% |
| Q3 2025 | 2025-09-30 | 2.00 | — | — |
| Q2 2025 | 2025-06-30 | 2.05 | — | — |
| Q4 2024 | 2024-12-31 | 2.11 | 0.17 | +8.72% |
| Q4 2023 | 2023-12-31 | 1.94 | 0.21 | +11.95% |
| Q4 2022 | 2022-12-31 | 1.73 | −0.13 | −6.84% |
| Q4 2021 | 2021-12-31 | 1.86 | −0.61 | −24.57% |
| Q3 2021 | 2021-09-30 | 0.02 | −2.72 | −99.34% |
| Q2 2021 | 2021-06-30 | 0.02 | −3.24 | −99.42% |
| Q1 2021 | 2021-03-31 | 0.02 | −3.14 | −99.38% |
| Q4 2020 | 2020-12-31 | 2.46 | −0.05 | −1.86% |
| Q3 2020 | 2020-09-30 | 2.74 | — | — |
| Q2 2020 | 2020-06-30 | 3.26 | — | — |
| Q1 2020 | 2020-03-31 | 3.16 | — | — |
| Q4 2019 | 2019-12-31 | 2.51 | −0.22 | −8.06% |
| Q4 2018 | 2018-12-31 | 2.73 | 0.01 | +0.33% |
| Q4 2017 | 2017-12-31 | 2.72 | 0.77 | +39.39% |
| Q4 2016 | 2016-12-31 | 1.95 | 0.35 | +21.99% |
| Q4 2015 | 2015-12-31 | 1.60 | 0.26 | +19.42% |
| Q4 2014 | 2014-12-31 | 1.34 | — | — |
General Motors debt-to-equity ratio trends
Over the last five fiscal years, General Motors's debt-to-equity ratio decreased from 2.46 to 2.17, a change of −0.29. The latest reported quarter, Q2 2026, shows 2.06.
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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