Tesla Inc (TSLA)
Quick 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 | 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 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 4,418,000 | 3,318,000 | 3,742,000 | 3,892,000 | 3,508,000 | 2,526,000 | 3,447,000 | 2,999,000 | 2,959,000 | 2,198,000 | 2,089,000 | 2,321,000 | 1,924,000 | 1,973,000 | 2,140,000 | 1,900,000 | 1,895,000 | 1,766,000 | 1,495,000 | 1,283,000 |
| 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 |
| Quick ratio | 1.42 | 1.21 | 1.24 | 1.04 | 1.13 | 1.07 | 0.96 | 0.93 | 0.94 | 0.95 | 0.96 | 0.95 | 1.00 | 1.00 | 1.12 | 1.28 | 1.49 | 1.23 | 0.82 | 0.78 |
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 shown fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio indicates the company's ability to meet its short-term obligations with its most liquid assets.
Starting at 0.78 on March 31, 2020, the quick ratio improved gradually, reaching a peak of 1.49 on December 31, 2020, indicating an improvement in liquidity and the company's ability to cover its current liabilities with its quick assets. However, from March 31, 2021, to December 31, 2024, the quick ratio fluctuated within a range of 0.93 to 1.42, with some volatility seen in the ratio.
Overall, the trend in Tesla Inc's quick ratio reflects varying levels of liquidity over the analyzed period, with some periods showing stronger liquidity positions than others. This variability may be attributed to the company's financial management strategies, changes in business operations, or market conditions impacting its liquidity position.
Peer comparison
Dec 31, 2024