General Motors(NYSE: GM) 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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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.
