Tesla (CHIX:TL0D) Cash-to-Debt : 2.63 (As of Sep. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Tesla Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Tesla's cash to debt ratio for the quarter that ended in Sep. 2024 was 2.63.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Tesla could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Tesla's Cash-to-Debt or its related term are showing as below:

CHIX:TL0d' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.68 Max: 4.02
Current: 2.63

During the past 13 years, Tesla's highest Cash to Debt Ratio was 4.02. The lowest was 0.17. And the median was 0.68.

CHIX:TL0d's Cash-to-Debt is ranked better than
75.23% of 1288 companies
in the Vehicles & Parts industry
Industry Median: 0.585 vs CHIX:TL0d: 2.63

Tesla Cash-to-Debt Historical Data

The historical data trend for Tesla's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Tesla Cash-to-Debt Chart

Tesla Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.43

1.46

2.00

3.86

3.04

Tesla Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															3.19	3.04	2.71	2.46	2.63

Competitive Comparison of Tesla's Cash-to-Debt

For the Auto Manufacturers subindustry, Tesla's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tesla's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tesla's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tesla's Cash-to-Debt falls into.

Tesla Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Tesla's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	26679.198	/	(2792.265	+	5986.176)
	=	3.04

Tesla's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	30316.848	/	(2782.288	+	8735.195)
	=	2.63

Tesla (CHIX:TL0d) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Tesla Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Tesla's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Tesla Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tesla Inc (CHIX:TL0d) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TSLA:USA TSLA:Poland TSLA:Peru TSLA:Mexico TSLA_KZ:Kazakhstan 1TSLA:Italy TL0:Germany TSLACL:Chile TSLA:Canada TSLA34:Brazil TL0:Bulgaria TSLA:Austria TSLA:Argentina

Address

1 Tesla Road, Austin, TX, USA, 78725

Website

https://www.tesla.com

Tesla is a vertically integrated battery electric vehicle automaker and developer of autonomous driving software. The company has multiple vehicles in its fleet, which include luxury and midsize sedans, crossover SUVs, a light truck, and a semi-truck. Tesla also plans to begin selling more affordable vehicles, and a sports car. Global deliveries in 2023 were a little over 1.8 million vehicles. The company also sells batteries for stationary storage for residential and commercial properties including utilities and solar panels and solar roofs for energy generation. Tesla also owns a fast-charging network.

Tesla Headlines

No Headlines