Tesla Inc (TSLA)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 16,139,000 | 18,111,000 | 14,635,000 | 11,805,000 | 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 |
| Short-term investments | US$ in thousands | 20,424,000 | 15,537,000 | 16,085,000 | 15,058,000 | 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 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 28,821,000 | 30,577,000 | 27,729,000 | 29,453,000 | 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 |
| Cash ratio | 1.27 | 1.10 | 1.11 | 0.91 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($16,139,000K
+ $20,424,000K)
÷ $28,821,000K
= 1.27
The cash ratio of Tesla Inc has shown some fluctuations over the analyzed periods. It started at 0.67 as of March 31, 2020, indicating that only 0.67 cents of every dollar of current liabilities was covered by cash. However, the ratio improved over time, reaching its peak at 1.36 on December 31, 2020, which means Tesla had sufficient cash to cover its short-term obligations at that point.
Subsequently, the cash ratio fluctuated between 0.82 and 1.27 by the end of December 31, 2024. This indicates that Tesla's ability to cover its current liabilities with cash decreased from its peak but remained relatively stable over time. Overall, while Tesla's cash ratio has shown fluctuations, it generally indicates that the company has maintained a reasonable level of liquidity to cover its short-term obligations over the analyzed periods.
Peer comparison
Dec 31, 2024