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The Truth Behind GM's $129 Billion in Debt

GM has a ton of debt, but that may not be the problem you think it is.

By Travis Hoium – Jul 30, 2024 at 10:20AM EST

General Motors (GM +1.51%) has $129 billion of debt on its balance sheet, which scares a lot of investors away from the stock. But is that the right way to look at the debt number?

In this video, Travis Hoium shows where that debt resides and why the core business really has a net cash position.

*Stock prices used were end-of-day prices of July 28, 2024. The video was published on July 29, 2024.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Ally is an advertising partner of The Ascent, a Motley Fool company. JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends JPMorgan Chase. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

General Motors Stock Quote
General Motors
NYSE: GM
$76.44
(+1.53%)+$1.15
JPMorgan Chase Stock Quote
JPMorgan Chase
NYSE: JPM
$304.88
(+1.63%)+$4.88
Ally Financial Stock Quote
Ally Financial
NYSE: ALLY
$42.84
(+0.23%)+$0.10

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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