Tesla Balance Sheet Health
Financial Health criteria checks 6/6
Tesla has a total shareholder equity of $63.6B and total debt of $4.7B, which brings its debt-to-equity ratio to 7.3%. Its total assets and total liabilities are $106.6B and $43.0B respectively. Tesla's EBIT is $8.9B making its interest coverage ratio -9.8. It has cash and short-term investments of $29.1B.
Key information
7.3%
Debt to equity ratio
US$4.66b
Debt
Interest coverage ratio | -9.8x |
Cash | US$29.09b |
Equity | US$63.61b |
Total liabilities | US$43.01b |
Total assets | US$106.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TL0's short term assets ($49.6B) exceed its short term liabilities ($28.7B).
Long Term Liabilities: TL0's short term assets ($49.6B) exceed its long term liabilities ($14.3B).
Debt to Equity History and Analysis
Debt Level: TL0 has more cash than its total debt.
Reducing Debt: TL0's debt to equity ratio has reduced from 170.2% to 7.3% over the past 5 years.
Debt Coverage: TL0's debt is well covered by operating cash flow (284.6%).
Interest Coverage: TL0 earns more interest than it pays, so coverage of interest payments is not a concern.