Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Tesla Inc., solvency ratios (quarterly data)
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Tesla Inc. debt to equity ratio deteriorated from Q1 2024 to Q2 2024 but then slightly improved from Q2 2024 to Q3 2024. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Tesla Inc. debt to capital ratio deteriorated from Q1 2024 to Q2 2024 but then slightly improved from Q2 2024 to Q3 2024. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Tesla Inc. debt to assets ratio deteriorated from Q1 2024 to Q2 2024 but then slightly improved from Q2 2024 to Q3 2024. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Tesla Inc. financial leverage ratio increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Tesla Inc. interest coverage ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
Debt to Equity
Tesla Inc., debt to equity calculation (quarterly data)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Current portion of debt and finance leases | 2,291) | 2,264) | 2,461) | 2,373) | 2,861) | 2,485) | 2,461) | 2,565) | 2,540) | 2,714) | 2,784) | 2,514) | 2,547) | 2,342) | 2,564) | 2,884) | 3,834) | 4,392) | 4,005) | 2,511) | 2,695) | 2,422) | 2,474) | |||||||
| Debt and finance leases, net of current portion | 5,405) | 5,481) | 2,899) | 2,857) | 2,426) | 872) | 1,272) | 1,597) | 2,096) | 2,898) | 3,153) | 5,245) | 6,438) | 7,871) | 9,053) | 9,556) | 10,559) | 10,416) | 10,666) | 11,634) | 11,313) | 11,234) | 9,788) | |||||||
| Total debt | 7,696) | 7,745) | 5,360) | 5,230) | 5,287) | 3,357) | 3,733) | 4,162) | 4,636) | 5,612) | 5,937) | 7,759) | 8,985) | 10,213) | 11,617) | 12,440) | 14,393) | 14,808) | 14,671) | 14,145) | 14,008) | 13,657) | 12,262) | |||||||
| Stockholders’ equity | 69,931) | 66,468) | 64,378) | 62,634) | 53,466) | 51,130) | 48,054) | 44,704) | 39,851) | 36,376) | 34,085) | 30,189) | 27,053) | 24,804) | 23,017) | 22,225) | 16,031) | 9,855) | 9,173) | 6,618) | 6,040) | 5,715) | 4,606) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||
| Debt to equity1 | 0.11 | 0.12 | 0.08 | 0.08 | 0.10 | 0.07 | 0.08 | 0.09 | 0.12 | 0.15 | 0.17 | 0.26 | 0.33 | 0.41 | 0.50 | 0.56 | 0.90 | 1.50 | 1.60 | 2.14 | 2.32 | 2.39 | 2.66 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | ||||||||||||||||||||||||||||||
| Ford Motor Co. | 3.55 | 3.46 | 3.49 | 3.49 | 3.22 | 3.28 | 3.29 | 3.21 | 3.05 | 2.92 | 3.01 | 2.85 | 3.95 | 4.24 | 4.51 | 5.27 | 4.75 | 5.68 | 5.64 | 4.68 | 4.36 | 4.32 | 4.32 | |||||||
| General Motors Co. | 1.80 | 1.84 | 1.84 | 1.89 | 1.60 | 1.65 | 1.64 | 1.69 | 1.73 | 1.73 | 1.77 | 1.83 | 2.01 | 2.15 | 2.30 | 2.44 | 2.71 | 3.24 | 3.15 | 2.47 | 2.34 | 2.49 | 2.63 | |||||||
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q3 2024 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 7,696 ÷ 69,931 = 0.11
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Tesla Inc. debt to equity ratio deteriorated from Q1 2024 to Q2 2024 but then slightly improved from Q2 2024 to Q3 2024. |
Debt to Capital
Tesla Inc., debt to capital calculation (quarterly data)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Current portion of debt and finance leases | 2,291) | 2,264) | 2,461) | 2,373) | 2,861) | 2,485) | 2,461) | 2,565) | 2,540) | 2,714) | 2,784) | 2,514) | 2,547) | 2,342) | 2,564) | 2,884) | 3,834) | 4,392) | 4,005) | 2,511) | 2,695) | 2,422) | 2,474) | |||||||
| Debt and finance leases, net of current portion | 5,405) | 5,481) | 2,899) | 2,857) | 2,426) | 872) | 1,272) | 1,597) | 2,096) | 2,898) | 3,153) | 5,245) | 6,438) | 7,871) | 9,053) | 9,556) | 10,559) | 10,416) | 10,666) | 11,634) | 11,313) | 11,234) | 9,788) | |||||||
| Total debt | 7,696) | 7,745) | 5,360) | 5,230) | 5,287) | 3,357) | 3,733) | 4,162) | 4,636) | 5,612) | 5,937) | 7,759) | 8,985) | 10,213) | 11,617) | 12,440) | 14,393) | 14,808) | 14,671) | 14,145) | 14,008) | 13,657) | 12,262) | |||||||
| Stockholders’ equity | 69,931) | 66,468) | 64,378) | 62,634) | 53,466) | 51,130) | 48,054) | 44,704) | 39,851) | 36,376) | 34,085) | 30,189) | 27,053) | 24,804) | 23,017) | 22,225) | 16,031) | 9,855) | 9,173) | 6,618) | 6,040) | 5,715) | 4,606) | |||||||
| Total capital | 77,627) | 74,213) | 69,738) | 67,864) | 58,753) | 54,487) | 51,787) | 48,866) | 44,487) | 41,988) | 40,022) | 37,948) | 36,038) | 35,017) | 34,634) | 34,665) | 30,424) | 24,663) | 23,844) | 20,763) | 20,048) | 19,372) | 16,868) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||
| Debt to capital1 | 0.10 | 0.10 | 0.08 | 0.08 | 0.09 | 0.06 | 0.07 | 0.09 | 0.10 | 0.13 | 0.15 | 0.20 | 0.25 | 0.29 | 0.34 | 0.36 | 0.47 | 0.60 | 0.62 | 0.68 | 0.70 | 0.70 | 0.73 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | ||||||||||||||||||||||||||||||
| Ford Motor Co. | 0.78 | 0.78 | 0.78 | 0.78 | 0.76 | 0.77 | 0.77 | 0.76 | 0.75 | 0.74 | 0.75 | 0.74 | 0.80 | 0.81 | 0.82 | 0.84 | 0.83 | 0.85 | 0.85 | 0.82 | 0.81 | 0.81 | 0.81 | |||||||
| General Motors Co. | 0.64 | 0.65 | 0.65 | 0.65 | 0.61 | 0.62 | 0.62 | 0.63 | 0.63 | 0.63 | 0.64 | 0.65 | 0.67 | 0.68 | 0.70 | 0.71 | 0.73 | 0.76 | 0.76 | 0.71 | 0.70 | 0.71 | 0.72 | |||||||
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q3 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 7,696 ÷ 77,627 = 0.10
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Tesla Inc. debt to capital ratio deteriorated from Q1 2024 to Q2 2024 but then slightly improved from Q2 2024 to Q3 2024. |
Debt to Assets
Tesla Inc., debt to assets calculation (quarterly data)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Current portion of debt and finance leases | 2,291) | 2,264) | 2,461) | 2,373) | 2,861) | 2,485) | 2,461) | 2,565) | 2,540) | 2,714) | 2,784) | 2,514) | 2,547) | 2,342) | 2,564) | 2,884) | 3,834) | 4,392) | 4,005) | 2,511) | 2,695) | 2,422) | 2,474) | |||||||
| Debt and finance leases, net of current portion | 5,405) | 5,481) | 2,899) | 2,857) | 2,426) | 872) | 1,272) | 1,597) | 2,096) | 2,898) | 3,153) | 5,245) | 6,438) | 7,871) | 9,053) | 9,556) | 10,559) | 10,416) | 10,666) | 11,634) | 11,313) | 11,234) | 9,788) | |||||||
| Total debt | 7,696) | 7,745) | 5,360) | 5,230) | 5,287) | 3,357) | 3,733) | 4,162) | 4,636) | 5,612) | 5,937) | 7,759) | 8,985) | 10,213) | 11,617) | 12,440) | 14,393) | 14,808) | 14,671) | 14,145) | 14,008) | 13,657) | 12,262) | |||||||
| Total assets | 119,852) | 112,832) | 109,226) | 106,618) | 93,941) | 90,591) | 86,833) | 82,338) | 74,426) | 68,513) | 66,038) | 62,131) | 57,834) | 55,146) | 52,972) | 52,148) | 45,691) | 38,135) | 37,250) | 34,309) | 32,795) | 31,873) | 28,913) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||
| Debt to assets1 | 0.06 | 0.07 | 0.05 | 0.05 | 0.06 | 0.04 | 0.04 | 0.05 | 0.06 | 0.08 | 0.09 | 0.12 | 0.16 | 0.19 | 0.22 | 0.24 | 0.32 | 0.39 | 0.39 | 0.41 | 0.43 | 0.43 | 0.42 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | ||||||||||||||||||||||||||||||
| Ford Motor Co. | 0.55 | 0.55 | 0.54 | 0.55 | 0.53 | 0.54 | 0.54 | 0.54 | 0.52 | 0.52 | 0.54 | 0.54 | 0.57 | 0.59 | 0.59 | 0.60 | 0.61 | 0.65 | 0.63 | 0.60 | 0.60 | 0.60 | 0.60 | |||||||
| General Motors Co. | 0.44 | 0.45 | 0.44 | 0.45 | 0.42 | 0.43 | 0.43 | 0.43 | 0.43 | 0.44 | 0.44 | 0.45 | 0.46 | 0.46 | 0.47 | 0.47 | 0.49 | 0.54 | 0.51 | 0.45 | 0.45 | 0.46 | 0.46 | |||||||
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q3 2024 Calculation
Debt to assets = Total debt ÷ Total assets
= 7,696 ÷ 119,852 = 0.06
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Tesla Inc. debt to assets ratio deteriorated from Q1 2024 to Q2 2024 but then slightly improved from Q2 2024 to Q3 2024. |
Financial Leverage
Tesla Inc., financial leverage calculation (quarterly data)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Total assets | 119,852) | 112,832) | 109,226) | 106,618) | 93,941) | 90,591) | 86,833) | 82,338) | 74,426) | 68,513) | 66,038) | 62,131) | 57,834) | 55,146) | 52,972) | 52,148) | 45,691) | 38,135) | 37,250) | 34,309) | 32,795) | 31,873) | 28,913) | |||||||
| Stockholders’ equity | 69,931) | 66,468) | 64,378) | 62,634) | 53,466) | 51,130) | 48,054) | 44,704) | 39,851) | 36,376) | 34,085) | 30,189) | 27,053) | 24,804) | 23,017) | 22,225) | 16,031) | 9,855) | 9,173) | 6,618) | 6,040) | 5,715) | 4,606) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||
| Financial leverage1 | 1.71 | 1.70 | 1.70 | 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 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | ||||||||||||||||||||||||||||||
| Ford Motor Co. | 6.48 | 6.35 | 6.40 | 6.39 | 6.06 | 6.09 | 6.06 | 5.92 | 5.86 | 5.56 | 5.62 | 5.30 | 6.91 | 7.17 | 7.71 | 8.71 | 7.85 | 8.74 | 8.91 | 7.79 | 7.30 | 7.26 | 7.23 | |||||||
| General Motors Co. | 4.08 | 4.12 | 4.15 | 4.25 | 3.78 | 3.85 | 3.82 | 3.89 | 3.99 | 3.96 | 4.05 | 4.10 | 4.41 | 4.68 | 4.93 | 5.22 | 5.53 | 6.04 | 6.15 | 5.46 | 5.20 | 5.46 | 5.72 | |||||||
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q3 2024 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 119,852 ÷ 69,931 = 1.71
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Tesla Inc. financial leverage ratio increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
Interest Coverage
Tesla Inc., interest coverage calculation (quarterly data)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Net income (loss) attributable to common stockholders | 2,167) | 1,478) | 1,129) | 7,928) | 1,853) | 2,703) | 2,513) | 3,687) | 3,292) | 2,259) | 3,318) | 2,321) | 1,618) | 1,142) | 438) | 270) | 331) | 104) | 16) | 105) | 143) | (408) | (702) | |||||||
| Add: Net income attributable to noncontrolling interest | 16) | 16) | 15) | 15) | 25) | (89) | 26) | 20) | 39) | 10) | (38) | 22) | 41) | 36) | 26) | 26) | 38) | 25) | 52) | 26) | 7) | 19) | 34) | |||||||
| Add: Income tax expense | 601) | 393) | 409) | (5,752) | 167) | 323) | 261) | 276) | 305) | 205) | 346) | 292) | 223) | 115) | 69) | 83) | 186) | 21) | 2) | 42) | 26) | 19) | 23) | |||||||
| Add: Interest expense | 92) | 86) | 76) | 61) | 38) | 28) | 29) | 33) | 53) | 44) | 61) | 71) | 126) | 75) | 99) | 246) | 163) | 170) | 169) | 171) | 185) | 172) | 157) | |||||||
| Earnings before interest and tax (EBIT) | 2,876) | 1,973) | 1,629) | 2,252) | 2,083) | 2,965) | 2,829) | 4,016) | 3,689) | 2,518) | 3,687) | 2,706) | 2,008) | 1,368) | 632) | 625) | 718) | 320) | 239) | 344) | 361) | (198) | (487) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||
| Interest coverage1 | 27.71 | 30.41 | 43.99 | 64.93 | 92.91 | 94.40 | 82.09 | 72.83 | 55.02 | 36.16 | 29.34 | 18.10 | 8.49 | 5.73 | 3.38 | 2.54 | 2.41 | 1.82 | 1.07 | 0.03 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | ||||||||||||||||||||||||||||||
| Ford Motor Co. | 3.57 | 3.88 | 3.69 | 4.05 | 6.58 | 4.59 | 3.38 | -1.40 | 6.10 | 7.71 | 7.10 | 10.86 | 2.50 | 2.91 | 3.10 | 0.32 | 1.18 | -1.08 | -2.39 | 0.37 | — | — | — | |||||||
| General Motors Co. | 15.31 | 14.65 | 13.66 | 12.42 | 13.39 | 13.65 | 12.65 | 12.75 | 12.89 | 11.56 | 13.21 | 14.39 | 14.95 | 15.87 | 11.08 | 8.37 | 5.20 | 3.19 | 8.30 | 10.51 | — | — | — | |||||||
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q3 2024 Calculation
Interest coverage
= (EBITQ3 2024
+ EBITQ2 2024
+ EBITQ1 2024
+ EBITQ4 2023)
÷ (Interest expenseQ3 2024
+ Interest expenseQ2 2024
+ Interest expenseQ1 2024
+ Interest expenseQ4 2023)
= (2,876 + 1,973 + 1,629 + 2,252)
÷ (92 + 86 + 76 + 61)
= 27.71
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Tesla Inc. interest coverage ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |