Ford Motor Company (F) Balance Sheet
F balance sheet, 2025
December 31, 2025 · U.S. dollars$289.16B assets = $253.18B liabilities + $35.98B equity
Both columns are drawn to the same scale: what F owns equals what it owes plus shareholders’ equity. Hover a block for its value.
F financial health
Current ratio1.07
Adequate · current assets cover current liabilities 1.07×
Debt / equity4.66
High leverage · $4.66 of debt for each $1 of equity
Equity / assets12.4%
Thin equity · of assets funded by shareholders
Cash / debt23.0%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles0.2%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
F balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $237.95B2016 | $289.16B2025 | +2.2%/yr | |
| Total liabilities | $208.67B2016 | $253.18B2025 | +2.2%/yr | |
| Shareholders’ equity | $29.17B2016 | $35.95B2025 | +2.3%/yr | |
| Cash & short-term investments | $38.83B2016 | $38.49B2025 | −0.1%/yr | |
| Total debt | $142.97B2016 | $167.57B2025 | +1.8%/yr | |
| Net cash (debt) | −$104.14B2016 | −$129.09B2025 | −$24.9B | |
| Working capital | $18.18B2016 | $8.60B2025 | −$9.6B | |
| Book value per share | $7.292016 | $9.042025 | +2.4%/yr | |
| Current ratio | 1.202016 | 1.072025 | −0.13 | |
| Debt / equity | 4.902016 | 4.662025 | −0.24 | |
| Shares outstanding | 4.00B2016 | 3.98B2025 | −0.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
F assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
F liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
F debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
F balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $38.49B | $38.35B | $40.17B | $44.07B | $49.59B | $49.96B | $34.65B | $33.95B | $38.93B | $38.83B |
| Cash & equivalents | $23.36B | $22.93B | $24.86B | $25.13B | $20.54B | $25.24B | $17.50B | $16.72B | $18.49B | $15.90B |
| Short-term investments | $15.13B | $15.41B | $15.31B | $18.94B | $29.05B | $24.72B | $17.15B | $17.23B | $20.43B | $22.92B |
| Receivables | $64.53B | $66.57B | $62.03B | $54.45B | $43.91B | $52.39B | $62.89B | $65.55B | $62.81B | $57.37B |
| Inventory | $15.29B | $14.95B | $15.65B | $14.08B | $12.06B | $10.81B | $10.79B | $11.22B | $10.28B | $8.90B |
| Other current assets | $5.19B | $4.60B | $3.63B | $3.88B | $3.42B | $3.58B | $5.72B | $3.93B | $3.89B | $3.37B |
| Total current assets | $123.49B | $124.47B | $121.48B | $116.48B | $109.00B | $116.74B | $114.05B | $114.65B | $115.90B | $108.46B |
| Property, plant & equipment (net) | $65.83B | $64.88B | $62.20B | $60.04B | $63.50B | $65.03B | $65.70B | $65.30B | $63.56B | $60.90B |
| Goodwill & intangible assets | $653.0M | $727.0M | $763.0M | $2.95B | $2.71B | $402.0M | $466.0M | $442.0M | $288.0M | $248.0M |
| Long-term investments | $2.75B | $6.82B | $5.55B | $52.70B | $55.80B | $60.18B | $56.22B | $58.25B | $59.27B | $53.23B |
| Other non-current assets | $96.44B | $88.30B | $83.31B | $23.72B | $26.03B | $24.90B | $22.10B | $17.90B | $18.79B | $15.11B |
| Total assets | $289.16B | $285.20B | $273.31B | $255.88B | $257.04B | $267.26B | $258.54B | $256.54B | $257.81B | $237.95B |
| Liabilities | ||||||||||
| Accounts payable | $25.81B | $24.13B | $25.99B | $25.61B | $22.35B | $22.20B | $20.67B | $21.52B | $23.28B | $21.30B |
| Short-term debt | $57.87B | $56.16B | $50.15B | $50.57B | $50.04B | $51.67B | $54.31B | $53.49B | $51.62B | $49.67B |
| Deferred revenue | $4.49B | $3.33B | $2.52B | $2.40B | $2.35B | $2.16B | $2.09B | $2.10B | $2.11B | $3.87B |
| Total current liabilities | $114.89B | $106.86B | $101.53B | $96.87B | $90.73B | $97.19B | $98.13B | $95.57B | $94.60B | $90.28B |
| Long-term debt | $106.03B | $103.57B | $99.56B | $88.81B | $88.40B | $110.34B | $470.0M | $100.72B | $102.67B | $93.30B |
| Lease obligations | $2.40B | $2.34B | $1.88B | $1.50B | $1.39B | $1.31B | $1.41B | — | — | — |
| Other long-term liabilities | $32.26B | $29.91B | $29.42B | $27.05B | $29.29B | $28.92B | $126.70B | $24.18B | $25.53B | $25.09B |
| Total liabilities | $253.18B | $240.34B | $230.51B | $212.72B | $208.41B | $236.45B | $225.31B | $220.47B | $222.79B | $208.67B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $41.0M | $42.0M | $42.0M | $42.0M | $41.0M | $41.0M | $41.0M | $41.0M | $21.88B | $21.67B |
| Retained earnings (deficit) | $22.51B | $33.74B | $31.03B | $31.75B | $35.77B | $18.24B | $20.32B | $22.67B | $21.22B | $15.63B |
| Treasury stock | — | — | — | −$2.05B | −$1.56B | −$1.59B | −$1.61B | −$1.42B | −$1.25B | −$1.12B |
| Accumulated other comprehensive income | −$7.71B | −$9.64B | −$9.04B | −$9.34B | −$8.34B | −$8.29B | −$7.73B | −$7.37B | −$6.96B | −$7.01B |
| Minority interest | $28.0M | $23.0M | $25.0M | −$75.0M | $103.0M | $121.0M | $45.0M | $34.0M | $28.0M | $17.0M |
| Total shareholders' equity | $35.95B | $44.84B | $42.77B | $43.24B | $48.52B | $30.69B | $33.19B | $35.93B | $34.89B | $29.17B |
| Key figures | ||||||||||
| Total debt | $167.57B | $160.86B | $151.11B | $140.47B | $139.49B | $163.00B | $156.72B | $154.21B | $154.29B | $142.97B |
| Net cash (debt) | −$129.09B | −$122.51B | −$110.94B | −$96.40B | −$89.89B | −$113.04B | −$122.07B | −$120.26B | −$115.36B | −$104.14B |
| Working capital | $8.60B | $17.61B | $19.95B | $19.61B | $18.27B | $19.55B | $15.91B | $19.08B | $21.30B | $18.18B |
| Tangible book value | $35.30B | $44.11B | $42.01B | $40.29B | $45.81B | $30.29B | $32.72B | $35.49B | $34.60B | $28.92B |
| Book value per share | $9.04 | $11.15 | $10.58 | $10.77 | $12.03 | $7.72 | $8.29 | $8.99 | $8.72 | $7.29 |
| Shares outstanding | 3.98B | 4.02B | 4.04B | 4.01B | 4.03B | 3.97B | 4.00B | 4.00B | 4.00B | 4.00B |
| Current ratio | 1.07 | 1.16 | 1.20 | 1.20 | 1.20 | 1.20 | 1.16 | 1.20 | 1.23 | 1.20 |
| Quick ratio | 0.90 | 0.98 | 1.01 | 1.02 | 1.03 | 1.05 | 0.99 | 1.04 | 1.08 | 1.07 |
| Debt / equity | 4.66 | 3.59 | 3.53 | 3.25 | 2.87 | 5.31 | 4.72 | 4.29 | 4.42 | 4.90 |
| Equity / assets | 12.4% | 15.7% | 15.6% | 16.9% | 18.9% | 11.5% | 12.8% | 14.0% | 13.5% | 12.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $31.33B | $30.49B | $38.49B | $42.19B | $37.50B | $35.23B | $38.35B | $36.91B | $34.57B | $34.46B | $40.17B | $41.12B |
| Cash & equivalents | $18.60B | $17.65B | $23.36B | $26.79B | $23.02B | $20.86B | $22.93B | $23.45B | $19.95B | $19.72B | $24.86B | $26.43B |
| Short-term investments | $12.73B | $12.84B | $15.13B | $15.40B | $14.48B | $14.36B | $15.41B | $13.46B | $14.61B | $14.74B | $15.31B | $14.69B |
| Receivables | $63.33B | $63.41B | $64.53B | $67.41B | $67.30B | $65.22B | $66.57B | $65.81B | $64.24B | $63.30B | $62.03B | $57.70B |
| Inventory | $16.95B | $16.54B | $15.29B | $16.51B | $17.27B | $17.89B | $14.95B | $18.02B | $17.18B | $18.63B | $15.65B | $18.33B |
| Other current assets | $5.88B | $5.89B | $5.19B | $4.61B | $4.54B | $4.71B | $4.60B | $4.36B | $4.53B | $4.20B | $3.63B | $4.22B |
| Total current assets | $117.49B | $116.33B | $123.49B | $130.72B | $126.61B | $123.05B | $124.47B | $125.10B | $120.52B | $120.59B | $121.48B | $121.36B |
| Property, plant & equipment (net) | $69.24B | $67.07B | $65.83B | $27.05B | $69.21B | $66.29B | $64.88B | $63.56B | $62.25B | $61.63B | $62.20B | $60.78B |
| Goodwill & intangible assets | $0 | $0 | $653.0M | $0 | $0 | $0 | $658.0M | $0 | $0 | $0 | $0 | $1.19B |
| Long-term investments | $2.76B | $2.74B | $2.75B | $5.36B | $5.04B | $5.17B | $6.82B | $8.03B | $7.21B | $6.34B | $5.55B | $4.40B |
| Other non-current assets | $96.04B | $96.29B | $96.44B | $137.87B | $91.86B | $90.03B | $88.37B | $90.36B | $86.60B | $85.78B | $84.08B | $80.33B |
| Total assets | $285.53B | $282.43B | $289.16B | $300.99B | $292.73B | $284.54B | $285.20B | $287.05B | $276.59B | $274.34B | $273.31B | $268.07B |
| Liabilities | ||||||||||||
| Accounts payable | $27.01B | $26.04B | $25.81B | $27.87B | $27.76B | $26.26B | $24.13B | $27.42B | $25.46B | $27.38B | $25.99B | $27.81B |
| Short-term debt | $51.89B | $50.79B | $57.87B | $58.19B | $57.46B | $55.02B | $56.16B | $53.77B | $51.07B | $50.29B | $50.15B | $49.11B |
| Deferred revenue | $4.24B | $29.85B | $4.49B | $3.33B | $4.53B | $3.62B | $3.33B | $3.36B | $3.16B | $2.87B | $2.52B | $2.75B |
| Total current liabilities | $107.93B | $106.68B | $114.89B | $116.65B | $114.99B | $108.73B | $106.86B | $109.04B | $103.40B | $103.21B | $101.53B | $100.27B |
| Long-term debt | $109.63B | $106.33B | $106.03B | $104.31B | $100.86B | $100.83B | $103.57B | $103.69B | $100.34B | $99.62B | $99.56B | $94.02B |
| Lease obligations | $2.33B | $2.38B | $2.40B | $2.44B | $2.51B | $2.51B | $2.34B | $1.76B | $1.99B | $2.01B | $1.88B | $1.88B |
| Other long-term liabilities | $32.21B | $31.94B | $32.26B | $32.61B | $31.80B | $30.32B | $29.91B | $29.98B | $29.25B | $28.61B | $29.42B | $29.50B |
| Total liabilities | $249.78B | $244.95B | $253.18B | $253.57B | $247.64B | $239.88B | $240.34B | $242.71B | $232.99B | $231.44B | $230.51B | $223.80B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $43.0M | $42.0M | $42.0M | $42.0M | $42.0M | $42.0M | $42.0M | $42.0M | $42.0M | $42.0M | $42.0M | $42.0M |
| Retained earnings (deficit) | $22.51B | $24.45B | $22.51B | $34.19B | $32.35B | $33.00B | $33.74B | $32.52B | $32.24B | $31.02B | $31.03B | $32.17B |
| Accumulated other comprehensive income | −$7.77B | −$7.88B | −$7.71B | −$7.87B | −$8.24B | −$9.16B | −$9.64B | −$8.99B | −$9.36B | −$8.93B | −$9.04B | −$8.93B |
| Minority interest | $36.0M | $31.0M | $28.0M | $25.0M | $24.0M | — | — | — | — | — | — | — |
| Total shareholders' equity | $35.72B | $37.45B | $35.95B | $47.39B | $45.06B | $44.63B | $44.84B | $44.31B | $43.57B | $42.87B | $42.77B | $44.26B |
| Key figures | ||||||||||||
| Total debt | $163.30B | $157.13B | $167.57B | $164.28B | $160.24B | $157.78B | $160.86B | $159.02B | $152.90B | $151.42B | $151.11B | $144.54B |
| Net cash (debt) | −$131.96B | −$126.64B | −$129.09B | −$122.09B | −$122.73B | −$122.56B | −$122.51B | −$122.12B | −$118.33B | −$116.96B | −$110.94B | −$103.43B |
| Working capital | $9.56B | $9.65B | $8.60B | $14.07B | $11.62B | $14.32B | $17.61B | $16.06B | $17.11B | $17.39B | $19.95B | $21.09B |
| Tangible book value | $35.72B | $37.45B | $35.30B | $47.39B | $45.06B | $44.63B | $44.18B | $44.31B | $43.57B | $42.87B | $42.77B | $43.07B |
| Book value per share | $8.96 | $9.20 | $9.04 | $11.71 | $11.32 | $11.13 | $11.15 | $11.03 | $10.83 | $10.66 | $10.61 | $10.93 |
| Shares outstanding | 3.99B | 4.07B | 3.98B | 4.05B | 3.98B | 4.01B | 4.02B | 4.02B | 4.02B | 4.02B | 4.03B | 4.05B |
| Current ratio | 1.09 | 1.09 | 1.07 | 1.12 | 1.10 | 1.13 | 1.16 | 1.15 | 1.17 | 1.17 | 1.20 | 1.21 |
| Quick ratio | 0.88 | 0.88 | 0.90 | 0.94 | 0.91 | 0.92 | 0.98 | 0.94 | 0.96 | 0.95 | 1.01 | 0.99 |
| Debt / equity | 4.57 | 4.20 | 4.66 | 3.47 | 3.56 | 3.53 | 3.59 | 3.59 | 3.51 | 3.53 | 3.53 | 3.27 |
| Equity / assets | 12.5% | 13.3% | 12.4% | 15.7% | 15.4% | 15.7% | 15.7% | 15.4% | 15.8% | 15.6% | 15.6% | 16.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 11, 2026); data from EODHD.
F financial position
At the end of fiscal 2025 (December 31, 2025), Ford had total assets of $289.2 billion (up 1.4% from a year earlier), total liabilities of $253.2 billion and shareholders' equity of $36.0 billion. It held $38.5 billion in cash and short-term investments against $167.6 billion of debt, net debt of $129.1 billion. Its current ratio was 1.07. In the latest quarter (ended June 30, 2026) total assets were $285.5 billion and equity $35.7 billion.
Related: F income statement, F cash flow statement, F key metrics. See the F stock overview for the latest quote and news.
F balance sheet FAQ
What are Ford's total assets?
Ford reported total assets of $289.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $285.2 billion a year earlier.
How much debt does Ford have?
Ford had $167.6 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 4.66.
How much cash does Ford have?
Ford held $38.5 billion in cash and short-term investments at the end of fiscal 2025; with $167.6 billion of debt that is net debt of $129.1 billion.
What is Ford's book value?
Ford's shareholders' equity (book value) was $36.0 billion at the end of fiscal 2025, or $9.04 per share.
What is Ford's current ratio?
Ford had current assets of $123.5 billion and current liabilities of $114.9 billion, a current ratio of 1.07 (it can cover its short-term obligations).
How much goodwill does Ford have?
Ford carried $653.0 million of goodwill and intangible assets, 0.2% of total assets, at the end of fiscal 2025.