Ranked: The Top 10 Biggest Automobile Companies in the World by Market Capitalization

As of 25 October 2023, with its market capitalization of $673.1 billion, Tesla, Inc. is the most valuable Automobile company in the world, according to the latest report from CEOWORLD magazine. Toyota Motor Corporation, valued at $240 billion, came in second place, followed by BYD Company Limited at $93 billion and Mercedes-Benz Group at $69.1 billion.

Ranked: The Top 10 Biggest Automobile Companies in the World by Market Capitalization

1. Tesla, Inc.
   Market Cap: $673.1 billion
   Tesla has a total shareholder equity of $54.5B and total debt of $4.4B, which brings its debt-to-equity ratio to 8.1%. Its total assets and total liabilities are $93.9B and $39.4B respectively. Tesla’s EBIT is $10.7B making its interest coverage ratio -14.1. It has cash and short-term investments of $26.1B.
2. Toyota Motor Corporation
   Market Cap: $240 billion
   Toyota Motor has a total shareholder equity of ¥31,274.4B and total debt of ¥32,016.3B, which brings its debt-to-equity ratio to 102.4%. Its total assets and total liabilities are ¥80,131.2B and ¥48,856.8B respectively. Toyota Motor’s EBIT is ¥3,267.3B making its interest coverage ratio -11.2. It has cash and short-term investments of ¥10,193.7B.
3. BYD Company Limited
   Market Cap: $93 billion
   BYD has a total shareholder equity of CN¥130.4B and total debt of CN¥24.8B, which brings its debt-to-equity ratio to 19%. Its total assets and total liabilities are CN¥591.1B and CN¥460.7B respectively. BYD’s EBIT is CN¥27.6B making its interest coverage ratio -25. It has cash and short-term investments of CN¥92.9B.
4. Mercedes-Benz Group
   Market Cap: $69.1 billion
   Mercedes-Benz Group has a total shareholder equity of €88.7B and total debt of €109.3B, which brings its debt-to-equity ratio to 123.2%. Its total assets and total liabilities are €258.8B and €170.2B respectively. Mercedes-Benz Group’s EBIT is €19.2B making its interest coverage ratio -110.8. It has cash and short-term investments of €18.6B.
5. BMW- Bayerische Motoren Werke Aktiengesellschaft
   Market Cap: $62.76 billion
   Bayerische Motoren Werke has a total shareholder equity of €90.0B and total debt of €93.6B, which brings its debt-to-equity ratio to 104%. Its total assets and total liabilities are €250.0B and €160.0B respectively. Bayerische Motoren Werke’s EBIT is €16.8B making its interest coverage ratio -52.9. It has cash and short-term investments of €15.6B.
6. Stellantis N.V.
   Market Cap: $58.83 billion
   Stellantis has a total shareholder equity of €77.1B and total debt of €27.3B, which brings its debt-to-equity ratio to 35.4%. Its total assets and total liabilities are €198.6B and €121.5B respectively. Stellantis’s EBIT is €23.7B making its interest coverage ratio -26.6. It has cash and short-term investments of €52.3B.
7. Ferrari N.V.
   Market Cap: $54.8 billion
   Ferrari has a total shareholder equity of €2.7B and total debt of €2.6B, which brings its debt-to-equity ratio to 95.7%. Its total assets and total liabilities are €8.0B and €5.2B respectively. Ferrari’s EBIT is €1.4B making its interest coverage ratio 31.6. It has cash and short-term investments of €1.1B.
8. Honda Motor Co., Ltd.
   Market Cap: $51.8 billion
   Honda Motor has a total shareholder equity of ¥12,296.1B and total debt of ¥8,445.0B, which brings its debt-to-equity ratio to 68.7%. Its total assets and total liabilities are ¥26,473.4B and ¥14,177.3B respectively. Honda Motor’s EBIT is ¥953.0B making its interest coverage ratio -14.6. It has cash and short-term investments of ¥4,314.6B.
9. Ford Motor Company
   Market Cap: $45.9 billion
   Ford Motor has a total shareholder equity of $43.6B and total debt of $143.2B, which brings its debt-to-equity ratio to 328.5%. Its total assets and total liabilities are $266.0B and $222.4B respectively. Ford Motor’s EBIT is $7.3B making its interest coverage ratio 93.9. It has cash and short-term investments of $29.8B.
10. DENSO Corporation
    Market Cap: $45.87 billion
    DENSO has a total shareholder equity of ¥5,043.1B and total debt of ¥929.5B, which brings its debt-to-equity ratio to 18.4%. Its total assets and total liabilities are ¥8,124.1B and ¥3,081.0B respectively. DENSO’s EBIT is ¥456.5B making its interest coverage ratio -10.1. It has cash and short-term investments of ¥920.5B.

This list includes the biggest companies by their market capitalization or market cap, that is, the total value of all their outstanding shares of stock, rather than other measures such as sales. Market cap shows the total value investors give to the company, as they factor in not only the company’s current profitability but also its expected future profitability.

This report/news/ranking/statistics has been prepared only for general guidance on matters of interest and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, CEOWORLD magazine does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.

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