Tesla Inc (TSLA)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Debt-to-equity 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 |
| 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 |
The solvency ratios of Tesla Inc as of the end of 2022 and throughout 2023 indicate a relatively healthy financial position. The debt-to-assets ratio, a measure of a company's financial leverage, remained consistently low, ranging from 0.03 to 0.07, reflecting that only a small portion of the company's assets are financed by debt.
Similarly, the debt-to-capital and debt-to-equity ratios, which provide insights into the proportion of a company's capital or equity funded by debt, also remained moderate. These ratios ranged from 0.04 to 0.12 and 0.05 to 0.14, respectively. Although there were fluctuations, the overall trend suggests a manageable level of debt relative to the company's capital and equity.
The financial leverage ratio, which assesses the extent to which a company is using debt to fund its assets, also remained relatively stable, ranging from 1.70 to 1.94. This indicates that Tesla Inc has not excessively relied on debt to finance its operations.
In summary, the solvency ratios of Tesla Inc demonstrate prudent debt management and suggest a solid financial footing, with relatively low leverage and reasonable levels of debt relative to assets, capital, and equity throughout the period under review.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 65.08 | 93.05 | 94.43 | 81.49 | 72.66 | 54.88 | 36.04 | 29.15 | 17.76 | 8.25 | 5.52 | 3.22 | 2.35 | 2.20 | 1.66 | 0.92 | -0.10 | -0.07 | 0.15 | -0.33 |
Based on the available data, Tesla Inc's interest coverage ratio has displayed variability over the past eight quarters. Notably, the interest coverage ratio was not reported for the periods ending December 31, 2023, and September 30, 2023. However, in the preceding two quarters, ending June 30, 2023, and March 31, 2023, the interest coverage ratios were not available.
In the quarters ending December 31, 2022, and September 30, 2022, Tesla Inc's interest coverage ratios were 152.12 and 39.38, respectively, suggesting an improvement in the company's ability to cover its interest expenses. However, in the preceding quarter ending June 30, 2022, the interest coverage ratio decreased to 28.81, indicating potential challenges in covering interest payments.
Overall, the fluctuation in Tesla Inc's interest coverage ratio implies variability in the company's ability to meet its interest obligations over the analyzed period. Further analysis would be necessary to understand the factors contributing to these fluctuations and to assess the company's long-term financial stability.