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

Top Companies by Net Debt/Equity (%)
Automotive | February 25, 2019
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Excel Sheet

Based on a comparison of 27 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 2011 2012 2013 2014 2015 2016 2017 2018
Audi Group % -65.6 -62.2 -44.3 -41.2 -42.0 ...
BMW Group % 200 176 195 200 190 ...
Chongqing Changan Automobile % 51.1 55.0 21.5 8.07 -8.14 ...
Daimler Group % 166 154 173 167 180 ...
Dongfeng Motor Group % -29.0 -28.7 -9.98 -18.9 -8.58 ...
Fiat Chrysler Automobiles % 122 83.9 80.9 46.3 34.8 ...
Ford Motor Company % 548 379 315 279 435 ...
Subaru Corporation % -7.43 -40.9 -44.9 -20.7 -31.5 ...
Honda Motor Company 0.628 0.709 0.716 0.678 0.621 ...
Hyundai Motor Company % 80.2 72.7 75.3 86.1 90.6 ...
Kia Motors Corporation % -2.34 -14.9 -11.6 -3.04 -1.97 ...
Mazda Motor Corporation % 80.3 60.5 35.7 15.8 -3.33 ...
Mitsubishi Motors Corporation % -3.53 -35.9 -43.3 -60.3 -73.8 ...
Nissan Motor Company % 86.4 96.5 112 118 128 ...
PSA Peugeot Citroen % 297 300 31.5 -25.1 -48.9 ...
Renault % 89.0 128 126 92.9 87.7 ...
SAIC Motor Corporation % -13.2 -15.2 -11.2 4.00 1.45 ...
SEAT % 237 306 177 125 18.7 ...
Skoda Auto % -28.5 -19.7 -24.7 -38.8 -44.2 ...
Suzuki Motor Corporation % 11.4 6.70 5.72 2.70 1.86 ...
Tata Motors % 82.6 47.0 71.9 13.6 103 ...
Toyota Motor Corporation % 97.2 93.9 94.6 84.9 82.9 ...
Volkswagen Group % 127 104 128 142 146 ...
Tesla Inc. 308 -11.8 83.8 132 70.4
Porsche AG % 81.8 56.4 39.5 26.5 21.8 ...
Ferrari % ... 7.89 8.77 15.2 -10,932 422 ...
Jaguar Land Rover % 2.68 -4.26 -11.1 -12.0 10.6 ...