http://wot.motortrend.com/ford-nets-...11-129455.html

Ford Motor Company earned $1.6 billion in the third quarter of 2011, off $111 million compared to the third quarter of 2010. The company says it “continues building a foundation for global growth. Ford grossed $33.1 billion in revenues for the last quarter, $4.1 billion more than in Q3 ’10. Ford says its automotive pre-tax profit was $1.3 billion, which is $45 million higher than Q3 2010. Positive cash flow was 400 million, and the company reduced its long-term debt by $1.3 billion. Ford has $20.8 billion in cash at hand, $1.2 billion less than the second quarter of this year.
The company continues to show moderate profit in a slow auto market recovery, while spending significantly on new models.
“We remain well on track to deliver improved full year pre-tax operating profit and Automotive operating-related cash flow, consistent with our guidance,” Booth, Ford’s chief financial officer, said in a prepared statement. “Our liquidity remains strong, and we will continue to take actions when appropriate to strengthen our balance sheet.”

 

What is Fords current debt?

I see $20.6B cash on hand but I don't see a debt number. Just that they reduced it $1.3B last quarter.

 

Probably a number they don't wanna make public too often

 

IIRC their debt is below $10b now. Their pace in paying off debt is likely to slow, a small amount of debt is healthy and becomes less of a drag on the company's financials.

 

Their debt just got upgraded. Which allows them to roll the carryover debt and lock into longer term bonds at lower rates. At these record low borrowing rates, I agree to lock in long term - and carrying some long debt (after ratings improve further). Cheap money.