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.
Peer comparison
Dec 31, 2024