Tesla Inc (TSLA)

Financial leverage 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
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
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
Financial leverage ratio		1.70	1.76	1.77	1.81	1.84	1.87	1.88	1.94	2.06	2.14	2.22	2.30	2.35	2.85	3.87	4.06	5.18	5.43	5.58	6.28

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $106,618,000K ÷ $62,634,000K
= 1.70

The financial leverage ratio of Tesla Inc has been relatively stable over the past eight quarters, ranging from 1.70 to 1.94. This indicates that the company has been utilizing a moderate level of financial leverage to support its operations and growth. A financial leverage ratio above 1 suggests that Tesla has more debt in its capital structure than equity. The slight decrease in the ratio from 1.70 to 1.81 over the observed periods may indicate that Tesla has been decreasing its reliance on debt to finance its activities or that its equity base has been growing. Overall, the consistent levels of financial leverage ratio suggest that Tesla has maintained a balance between debt and equity in its capital structure.