Tesla Inc (TSLA)
Quick ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 6,268,000 | 5,338,000 | 4,955,000 | 2,198,000 |
| Short-term investments | US$ in thousands | 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 | — | — | — | — | — | — | — | — | — | 169 |
| Receivables | US$ in thousands | 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 | 1,324,000 | 1,128,000 | 1,147,100 | 1,046,940 |
| Total current liabilities | US$ in thousands | 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 | 10,667,000 | 10,146,000 | 9,588,770 | 9,242,800 |
| Quick ratio | 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 | 0.71 | 0.64 | 0.64 | 0.35 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($16,398,000K
+ $12,696,000K
+ $3,508,000K)
÷ $28,748,000K
= 1.13
The quick ratio, also known as the acid-test ratio, provides insight into a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that a company has enough liquid assets to cover its current liabilities.
Looking at Tesla Inc's quick ratio over the past eight quarters, we observe that it has consistently remained above 1, ranging from 1.04 to 1.25. This pattern indicates that the company has maintained a strong ability to meet its short-term liabilities using its liquid assets.
The increasing trend in the quick ratio from 1.04 in March 2022 to 1.25 in December 2023 reflects an improvement in Tesla's liquidity position. This may be attributed to effective management of current assets and liabilities, which has enhanced the company's ability to meet its short-term obligations.
Overall, Tesla Inc's quick ratio shows a positive trend and suggests that the company has been effectively managing its short-term liquidity position consistently over the past eight quarters.
Peer comparison
Dec 31, 2023