Tesla Inc (TSLA)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 49,616,000 | 40,917,000 | 27,100,000 | 26,717,000 | 12,103,000 |
| Total current liabilities | US$ in thousands | 28,748,000 | 26,709,000 | 19,705,000 | 14,248,000 | 10,667,000 |
| Current ratio | 1.73 | 1.53 | 1.38 | 1.88 | 1.13 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $49,616,000K ÷ $28,748,000K
= 1.73
The current ratio of Tesla Inc has fluctuated over the past five years. As of December 31, 2023, the current ratio stands at 1.73, indicating that the company possessed $1.73 in current assets for every $1 in current liabilities. This implies an improvement compared to the previous year, where the current ratio was 1.53.
However, when compared to December 31, 2019, when the current ratio was 1.13, it reflects a substantial increase, suggesting that Tesla's liquidity position has strengthened over the years. A current ratio above 1 generally indicates that a company is able to meet its short-term obligations using its current assets, and the upward trend in Tesla's current ratio implies an enhanced ability to cover short-term liabilities.
Peer comparison
Dec 31, 2023