Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Tesla Inc., liquidity ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Current ratio | 2.02 | 1.73 | 1.53 | 1.38 | 1.88 | |
| Quick ratio | 1.42 | 1.13 | 0.94 | 1.00 | 1.49 | |
| Cash ratio | 1.27 | 1.01 | 0.83 | 0.90 | 1.36 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Tesla Inc. current ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Tesla Inc. quick ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Tesla Inc. cash ratio improved from 2022 to 2023 and from 2023 to 2024. |
Current Ratio
Tesla Inc., current ratio calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current assets | 58,360) | 49,616) | 40,917) | 27,100) | 26,717) | |
| Current liabilities | 28,821) | 28,748) | 26,709) | 19,705) | 14,248) | |
| Liquidity Ratio | ||||||
| Current ratio1 | 2.02 | 1.73 | 1.53 | 1.38 | 1.88 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| Ford Motor Co. | 1.16 | 1.20 | 1.20 | 1.20 | 1.20 | |
| General Motors Co. | 1.13 | 1.08 | 1.10 | 1.10 | 1.01 | |
| Current Ratio, Sector | ||||||
| Automobiles & Components | — | 1.21 | 1.20 | 1.18 | 1.17 | |
| Current Ratio, Industry | ||||||
| Consumer Discretionary | — | 1.20 | 1.15 | 1.25 | 1.18 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 58,360 ÷ 28,821 = 2.02
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Tesla Inc. current ratio improved from 2022 to 2023 and from 2023 to 2024. |
Quick Ratio
Tesla Inc., quick ratio calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 16,139) | 16,398) | 16,253) | 17,576) | 19,384) | |
| Short-term investments | 20,424) | 12,696) | 5,932) | 131) | —) | |
| Accounts receivable, net | 4,418) | 3,508) | 2,952) | 1,913) | 1,886) | |
| Total quick assets | 40,981) | 32,602) | 25,137) | 19,620) | 21,270) | |
| Current liabilities | 28,821) | 28,748) | 26,709) | 19,705) | 14,248) | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 1.42 | 1.13 | 0.94 | 1.00 | 1.49 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| Ford Motor Co. | 0.98 | 1.01 | 1.02 | 1.03 | 1.05 | |
| General Motors Co. | 0.90 | 0.83 | 0.86 | 0.84 | 0.79 | |
| Quick Ratio, Sector | ||||||
| Automobiles & Components | — | 0.95 | 0.94 | 0.95 | 0.98 | |
| Quick Ratio, Industry | ||||||
| Consumer Discretionary | — | 0.85 | 0.81 | 0.92 | 0.88 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 40,981 ÷ 28,821 = 1.42
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Tesla Inc. quick ratio improved from 2022 to 2023 and from 2023 to 2024. |
Cash Ratio
Tesla Inc., cash ratio calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 16,139) | 16,398) | 16,253) | 17,576) | 19,384) | |
| Short-term investments | 20,424) | 12,696) | 5,932) | 131) | —) | |
| Total cash assets | 36,563) | 29,094) | 22,185) | 17,707) | 19,384) | |
| Current liabilities | 28,821) | 28,748) | 26,709) | 19,705) | 14,248) | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 1.27 | 1.01 | 0.83 | 0.90 | 1.36 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| Ford Motor Co. | 0.36 | 0.40 | 0.45 | 0.55 | 0.51 | |
| General Motors Co. | 0.28 | 0.28 | 0.34 | 0.39 | 0.36 | |
| Cash Ratio, Sector | ||||||
| Automobiles & Components | — | 0.43 | 0.45 | 0.52 | 0.51 | |
| Cash Ratio, Industry | ||||||
| Consumer Discretionary | — | 0.48 | 0.47 | 0.63 | 0.58 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 36,563 ÷ 28,821 = 1.27
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Tesla Inc. cash ratio improved from 2022 to 2023 and from 2023 to 2024. |