Tesla Inc (TSLA)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 62,634,000 | 44,704,000 | 30,189,000 | 22,225,000 | 6,618,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $62,634,000K
= 0.00
The debt-to-equity ratio for Tesla Inc has displayed a declining trend from 2.04 in 2019 to 0.08 in 2023. This indicates a significant reduction in the company's reliance on debt in comparison to its equity over the years. The substantial decrease in the ratio suggests that Tesla has been effectively managing its debt levels, moving towards a more balanced capital structure with a lower proportion of debt in relation to equity. This improved ratio reflects positively on the company's financial stability and risk management, potentially enhancing its creditworthiness and overall financial health.
Peer comparison
Dec 31, 2023