2 ms·
Ford has $40b cash and its market cap is $43b ?? I should buy some. Edit: I guess I missed "Ignoring Debt" they have too much debt.
by mars4rp 9y ago
Ford has $40b cash and its market cap is $43b ?? I should buy some.
Edit: I guess I missed "Ignoring Debt" they have too much debt.
- acalderaro 9y agoAbout $70Bn in short-term debt liabilities. [0] May create some hesitation in buying ;) [0] https://finance.yahoo.com/quote/F/balance-sheet?p=F https://finance.yahoo.com/quote/F/balance-sheet?p=F
- adventured 9y agoMaybe. Net tangible assets are $30 billion. Obviously much like GM, they're carrying a large pile of liabilities around on their balance sheet. I suspect Ford has to keep a significant amount of cash on hand for numerous legacy reasons (pensions?) to support their credit rating. $244b in assets stacked against $213b in liabilities. GM is far more profitable than Ford, has $22b in cash, and $39b in net tangible assets. With a $53b market cap, GM is sporting a realistic 4.x to 5.x PE ratio currently (depending on how you want to account for their 4Q16).