General Motors's total assets reached USD 246,624 mil at the end of 1Q2020, up 5.79% compared to the previous year.
Current assets amounted to USD 97,699 mil, or 39.6% of total assets while cash stood at USD 46,126 mil at the end of 1Q2020.
By contrast, total debt reached USD 126,500 mil at the year-end, or 51.3% of total assets, while the firm's equity amounted to USD 44,317 mil. As a result, net debt stood at USD -1,745 mil at the end of 1Q2020 and accounted for -3.94% of equity.
Net debt against equity is up 35.5 pp from five years ago (-39.4%). The ratio against EBITDA increased from -1.45x seen in 1Q2015 to -0.094x.
The company’s cost of funding amounted to 0.668% in 1Q2020, down 0.046 pp compared to the average over the last 5 years.