Tesla Inc (TSLA)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 16,398,000 | 15,932,000 | 15,296,000 | 16,048,000 | 16,253,000 | 19,532,000 | 18,324,000 | 17,505,000 | 17,576,000 | 16,065,000 | 16,229,000 | 17,141,000 | 19,384,000 | 14,531,000 | 8,615,000 | 8,080,000 | 6,268,000 | 5,338,000 | 4,955,000 | 2,198,000 |
| Short-term investments | US$ in thousands | 12,696,000 | 10,145,000 | 7,779,000 | 6,354,000 | 5,932,000 | 1,575,000 | 591,000 | 508,000 | 131,000 | 30,000 | — | — | — | — | — | — | — | — | — | 169 |
| Total current liabilities | US$ in thousands | 28,748,000 | 26,640,000 | 27,592,000 | 27,436,000 | 26,709,000 | 24,611,000 | 21,821,000 | 21,455,000 | 19,705,000 | 18,051,000 | 16,371,000 | 14,877,000 | 14,248,000 | 13,302,000 | 12,270,000 | 11,986,000 | 10,667,000 | 10,146,000 | 9,588,770 | 9,242,800 |
| Cash ratio | 1.01 | 0.98 | 0.84 | 0.82 | 0.83 | 0.86 | 0.87 | 0.84 | 0.90 | 0.89 | 0.99 | 1.15 | 1.36 | 1.09 | 0.70 | 0.67 | 0.59 | 0.53 | 0.52 | 0.24 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($16,398,000K
+ $12,696,000K)
÷ $28,748,000K
= 1.01
The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. For Tesla Inc, the cash ratio has shown some variability over the past eight quarters, ranging from 0.93 to 1.13.
In the most recent quarter, as of December 31, 2023, Tesla's cash ratio stood at 1.13, indicating that the company had $1.13 in cash and cash equivalents for every dollar of current liabilities. This suggests a strong ability to meet short-term obligations with readily available funds.
Looking back at the trend, the cash ratio has generally remained above 0.9, indicating consistent strength in Tesla's liquidity position. However, it's important to note that in the second and third quarters of 2023, the cash ratio dipped slightly, reaching 0.94 and 0.93 respectively, before rebounding in the subsequent quarters.
Overall, Tesla Inc's cash ratio reflects a healthy level of liquidity, providing the company with the ability to meet its short-term obligations and potentially pursue growth opportunities. However, stakeholders should continue to monitor changes in the cash ratio to assess Tesla's ongoing liquidity position.
Peer comparison
Dec 31, 2023