Who Was the Most Indebted Among Global Car Producers in 2017?

Top Companies by Net Debt/Equity (%)
Automotive | July 26, 2020
$1.99
Excel Sheet

Based on a comparison of 28 firms among Global Car Producers, Ford Motor Company had the biggest debt relative to its equity at the end of 2017 followed by Daimler Group and Tesla Inc..

Ford Motor Company net debt reached EUR 120,452 mil. and accounted for 389% of equity at the end of 2017. The ratio is down 29.0% when compared to the previous year. Historically, the firm’s net debt to equity reached an all time high of 2,691% in 2002 and an all time low of -13,281% in 2010.

When compared to EBITDA, net debt amounted to 9.74x at the end of the year. The ratio reached an all time high of 26.2x in 2009 and an all time low of -41.3x in 2008.

Comparing Ford Motor Company with its closest peers, Daimler Group posted net debt to equity of 176% and 5.65x when compared to EBITDA at the end of 2017. Tesla Inc. ended the year 2016 with a net debt at 164% of equity and 1,773x when compared to its EBITDA while BMW Group had net debt at 157% of equity and 5.82x to EBITDA at the end of the year.

You can see all the companies net debt/equity data on the Net Debt/Equity indicator page or you can download a special statistical dossier on the Global Car Producers in the reports section.

Net Debt/Equity Unit 2012 2013 2014 2015 2016 2017 2018 2019
Audi Group % -62.2 -44.3 -41.2 -42.0 -37.7 ... ...
BMW Group % 176 195 200 190 157 ... ...
Chongqing Changan Automobile % 55.0 21.5 8.07 -8.14 -9.11 ... ...
Daimler Group % 154 173 167 180 176 ... ...
Dongfeng Motor Group % -28.7 -9.98 -18.9 -8.58 -8.20 ... ...
Fiat Chrysler Automobiles % 83.9 80.9 46.3 34.8 25.4 ... ...
Ford Motor Company % 379 315 279 435 389 ... ...
Subaru Corporation % -40.9 -44.9 -20.7 -31.5 -40.8 ... ...
Honda Motor Company 0.709 0.716 0.678 0.621 0.552 ... ...
Hyundai Motor Company % 72.7 75.3 86.1 90.6 84.5 ... ...
Kia Motors Corporation % -14.9 -11.6 -3.04 -1.97 -3.12 ... ...
Mazda Motor Corporation % 60.5 35.7 15.8 -3.33 -8.77 ... ...
Mitsubishi Motors Corporation % -35.9 -43.3 -60.3 -73.8 -65.5 ... ...
Nissan Motor Company % 96.5 112 118 128 115 ... ...
PSA Peugeot Citroen % 300 31.5 -25.1 -48.9 -40.1 ... ...
Renault % 128 126 92.9 87.7 97.9 ... ...
SAIC Motor Corporation % -15.2 -11.2 4.00 1.45 11.0 ... ...
SEAT % 306 177 125 18.7 17.4 ... ...
Skoda Auto % -19.7 -24.7 -38.8 -44.2 -39.7 ... ...
Suzuki Motor Corporation % 6.70 5.72 2.70 1.86 -1.44 ... ...
Tata Motors % 47.0 71.9 13.6 103 65.9 ... ...
Toyota Motor Corporation % 93.9 94.6 84.9 82.9 79.2 ... ...
Volkswagen Group % -16.9 -17.6 -26.9 -36.5 -27.7
Tesla Inc. % -11.8 83.8 132 70.4 164
Porsche AG % 56.4 39.5 26.5 21.8 15.7 ... ...
Ferrari % 8.77 15.2 -10,932 422 148 ... ...
Jaguar Land Rover % -4.26 -11.1 -12.0 10.6 10.9 ... ...
General Motors % -48.1 -44.0 -28.7 -25.0 -16.7