Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
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Ford’s reported total assets moved from $257.0B in 2021 to $285.2B in 2024 (a net increase of $28.2B, or ~11.0%). After a small dip in 2022 (-$1.15B), assets rose materially in 2023 and 2024. Total liabilities grew faster, from $208.4B to $240.3B over the same period (a rise of $31.9B, or ~15.3%), pushing the liabilities/assets ratio from ~81.1% in 2021 to ~84.4% in 2023–24. (Note: the 2025 row shows zeros and appears to be missing data.) Stockholders’ equity declined from $48.5B in 2021 to $44.8B in 2024 (a drop of $3.7B, or about -7.6%), hitting a low around $42.8B in 2023 before a modest recovery in 2024. The equity/assets ratio fell from ~18.9% to ~15.7%, reflecting that balance-sheet growth has been financed more by liabilities than by retained equity. In the context of the capital-intensive and transition-heavy auto industry, this pattern is consistent with higher financing for working capital, capital expenditures and EV investments; it raises leverage and warrants monitoring of interest coverage and cash flow generation, but the changes are moderate rather than extreme.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.