How much debt do automakers have?
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How much debt do automakers have?
Auto Debt Climbs to Record High of $1.37 Trillion
| Snapshot: Overall Auto Loan Debt | ||
|---|---|---|
| 2010 | 2019-2020 Change | |
| Total outstanding debt | $677B | +$80B (6\%) |
What is a good debt to equity ratio for automobile industry?
The average D/E ratio is typically higher for larger companies and particularly for more capital-intensive industries such as the auto industry. The D/E ratio for the following major automakers is General Motors 1.43, BMW 1.24, Toyota 0.52, and Tata 1.45.
Why does VW have so much debt?
Much of VW’s debt is tied to its large financing division. Volkswagen is not alone in its position as an automaker with mountains of debt. In fact, another German automaker, Daimler, is the world’s third most indebted company with $151 billion in debt.
How much debt does Ford Motor Company have?
According to the Ford Motor’s most recent balance sheet as reported on July 29, 2021, total debt is at $146.92 billion, with $100.91 billion in long-term debt and $46.01 billion in current debt. Adjusting for $22.95 billion in cash-equivalents, the company has a net debt of $123.96 billion.
Is Tesla in a lot of debt?
Tesla had started 2017 with $3.4 billion in cash but had $10.2 billion in debt. This was a negative cash position of $6.8 billion. In 2020 it generated $5.94 billion in operating cash flow and $2.78 billion in free cash flow after subtracting $3.16 billion in capital expenditures.
Is Tesla making a profit yet?
Tesla shared Monday that it logged a $1.1 billion profit in the second quarter of 2021, with $354 million of that coming from credit sales. Tesla delivered over 200,000 Model 3s and Model Ys in the quarter, compared to the 1,895 Model S sedans sold.
How much is Tesla’s debt?
Total Assets
| Sep 2021 | |
|---|---|
| Total Debt | 10.13 B |
| Total Liabilities | 29.34 B |
| Total Shareholder’s Equity | 27.05 B |
| Book Value Per Share | 28.18 |
Is the automobile industry capital intensive?
Examples of capital-intensive industries include automobile manufacturing, oil production, and refining, steel production, telecommunications, and transportation sectors (e.g., railways and airlines). All these industries require massive amounts of capital expenditures.
Is BMW in debt?
As you can see below, Bayerische Motoren Werke had €105.3b of debt at March 2021, down from €119.2b a year prior. However, it also had €17.9b in cash, and so its net debt is €87.4b.
What company has the highest debt?
Volkswagen AG
2019 Top 20
| Rank | Company | Debt (billions of US$) |
|---|---|---|
| 1 | Volkswagen AG | 192 |
| 2 | AT | 176 |
| 3 | Daimler AG | 151 |
| 4 | Toyota | 138 |
Is GM in debt?
General Motors Finance noted that GM’s most recent financial statement reported on February 10, 2021, showed a total debt of $109.89 billion, with $72.98 billion in long-term debt and the remaining $26.91 billion in current debt. Adjusting for $19.99 billion in cash equivalents, GM has a net debt of $89.90 billion.
How much is Apple’s debt?
Apple (ticker: AAPL) has about $113.8 billion in long-term debt outstanding, including current maturities. The total reflects $14 billion raised in an offering in February.