Tesla Inc (TSLA)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 62,634,000 | 53,466,000 | 51,130,000 | 48,054,000 | 44,704,000 | 39,851,000 | 36,376,000 | 34,085,000 | 30,189,000 | 27,053,000 | 24,804,000 | 23,017,000 | 22,225,000 | 16,031,000 | 9,855,000 | 9,173,000 | 6,618,000 | 6,040,000 | 5,715,390 | 4,605,600 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $62,634,000K)
= 0.00
The debt-to-capital ratio measures the proportion of a company's capital that is financed by debt. It is calculated by dividing a company's total debt by its total capital (debt plus equity).
Analyzing the debt-to-capital ratio of Tesla Inc over the past eight quarters, we observe fluctuations in the ratio. In the most recent quarter, as of December 31, 2023, the ratio stood at 0.08, the same as the previous quarter. This indicates that debt accounts for 8% of the company's total capital.
Looking further back, we note that the ratio was at 0.04 in the quarter ending June 30, 2023, which signaled a lower reliance on debt compared to subsequent quarters. Prior to that, in the quarter ending March 31, 2023, the ratio was 0.05, indicating a slight increase in debt relative to capital compared to the preceding quarter.
The trend of the debt-to-capital ratio reveals that in the first half of 2022, the ratio was at relatively higher levels, with figures of 0.11 and 0.12 in the quarters ending June 30, 2022, and March 31, 2022, respectively. This suggests a higher proportion of debt in the company's capital structure during that period.
Overall, the fluctuation in Tesla Inc's debt-to-capital ratio over the observed period indicates varying levels of reliance on debt as a source of funding. It is important to monitor this ratio to assess the company's capital structure and financial risk.
Peer comparison
Dec 31, 2023