Tesla Inc (TSLA)

Debt-to-assets 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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	106,618,000	93,941,000	90,591,000	86,833,000	82,338,000	74,426,000	68,513,000	66,038,000	62,131,000	57,834,000	55,146,000	52,972,000	52,148,000	45,691,000	38,135,000	37,250,000	34,309,000	32,795,000	31,872,600	28,912,500
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $106,618,000K
= 0.00

The debt-to-assets ratio measures the proportion of a company's assets that are financed by debt. A lower ratio indicates that the company relies less on debt to finance its assets, which can be a positive indicator of financial stability.

Looking at Tesla Inc's debt-to-assets ratio over the past eight quarters, there is a noticeable trend of decrease from 0.07 in March 2022 to 0.03 in June 2023. This suggests that Tesla has been successful in reducing its reliance on debt to finance its assets over this period.

A decreasing trend in the debt-to-assets ratio can indicate that the company is effectively managing its debt levels in relation to its asset base. It may also reflect improved financial strength and lower financial risk. However, it's important to consider the overall capital structure and the reasons behind this trend to gain a comprehensive understanding of Tesla Inc's financial health.

In conclusion, the declining trend in Tesla Inc's debt-to-assets ratio over the past eight quarters suggests that the company has been successful in reducing its reliance on debt to finance its assets, which can be a positive indicator of financial stability.