Tesla Inc (TSLA)

Quick ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash US$ in thousands 16,139,000 16,398,000 16,253,000 17,576,000 19,384,000
Short-term investments US$ in thousands 20,424,000 12,696,000 5,932,000 131,000
Receivables US$ in thousands 4,418,000 3,508,000 2,959,000 1,924,000 1,895,000
Total current liabilities US$ in thousands 28,821,000 28,748,000 26,709,000 19,705,000 14,248,000
Quick ratio 1.42 1.13 0.94 1.00 1.49

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($16,139,000K + $20,424,000K + $4,418,000K) ÷ $28,821,000K
= 1.42

The quick ratio of Tesla Inc has exhibited varying trends over the past five years. It stood at 1.49 as of December 31, 2020, indicating a strong ability to cover its short-term liabilities with its most liquid assets. However, there was a decline in the quick ratio to 1.00 by December 31, 2021, which might raise concerns about the company's short-term liquidity position being less robust.

Further, the quick ratio decreased to 0.94 by December 31, 2022, suggesting a potential strain on meeting short-term obligations with immediate assets. The ratio then improved to 1.13 by December 31, 2023, indicating a partial recovery in liquidity levels.

As of December 31, 2024, the quick ratio further increased to 1.42, reflecting a healthier liquidity position compared to the previous year. Overall, the trend in Tesla Inc's quick ratio shows fluctuations in its ability to meet short-term liabilities with its quick assets, indicating the need for close monitoring of its liquidity management.


See also:

Tesla Inc Quick Ratio