Does GM follow GAAP?
GM reports non-GAAP managerial automotive operating cash flow in its earnings releases and charts for securities analysts.
What is GM debt to equity ratio?
General Motors Debt to Equity Ratio: 1.768 for March 31, 2022.
What is General Motors quick ratio?
General Motors Co has a quick ratio of 0.93.
Who audits GM?
Ernst & Young LLP
DETROIT – General Motors Co. (NYSE: GM) announced today that the Audit Committee approved and its Board of Directors unanimously ratified the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm for the fiscal year ending Dec. 31, 2018.
What are the major countries outside of the United States which General Motors uses for production?
Who are General Motors’ (GM) main suppliers?
- General Motors Co.
- General Motors has a number of joint ventures in emerging market nations, such as SAIC General Motors in Shanghai, China, Ghandhara Industries in Pakistan, General Motors India, and Isuzu Truck South Africa.
What is General Motors current ratio?
Current ratio can be defined as a liquidity ratio that measures a company’s ability to pay short-term obligations. General Motors current ratio for the three months ending March 31, 2022 was 1.11.
What is a good debt-to-equity ratio?
What is a good debt-to-equity ratio? Although it varies from industry to industry, a debt-to-equity ratio of around 2 or 2.5 is generally considered good. This ratio tells us that for every dollar invested in the company, about 66 cents come from debt, while the other 33 cents come from the company’s equity.
Is GM financial stable?
The Rating Outlook for both GM and GMF is Stable.
Does General Motors have too much debt?
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.
What is General Motors inventory turnover ratio?
Inventory turnover ratio can be defined as a ratio showing how many times a company’s inventory is sold and replaced over a period. General Motors inventory turnover ratio for the three months ending March 31, 2022 was 2.11.
Who is GM biggest competitor?
Competitors: General Motors develops, produces, and markets cars, trucks, and automotive parts. One of General Motors’ main competitors in the automobiles industry is Toyota Motor (TM). Other competitors in the consumer discretionary sector include: Ford Motor Company (F), Honda Motor (HMC), and Daimler (DDAIF).
What is GM financial status?
Available in all 50 states: GM Financial is available in all 50 states plus Washington D.C.
How do we prepare financial statements?
Pick a Reporting Period. The first step in preparing an income statement is to choose the reporting period your report will cover.
How do I create a financial statement?
Preparing a Balance Sheet In preparing a balance sheet,you need to understand the basic accounting equation; Total assets = Liabilities+Shareholder’s Equity.
How to manage GM Financial Account?
How to Manage Your GM Financial Account. You can manage your GM Financial Account through the GM Financial App or online by going to www.gmfinancial.com and signing in to My Account. There, you can make a payment, access billing statements, update your profile and communication preferences, and even message with our Customer Experience agents.