Tesla (NAS:TSLA) Cash-to-Debt

: 3.97 (As of Jun. 2023)

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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 Jun. 2023 was 3.97.

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 Jun. 2023.

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

TSLA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.68 Max: 4.02
Current: 3.97

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.

TSLA's Cash-to-Debt is ranked better than
79.51% of 1230 companies
in the Vehicles & Parts industry
Industry Median: 0.61 vs TSLA: 3.97

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.

* Premium members only.

Tesla Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

0.27

0.43

1.46

2.00

3.86

Tesla Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash-to-Debt																2.84	3.59	3.86	4.02	3.97

Competitive Comparison

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.

Annual Data Quarterly Data

Tesla Cash-to-Debt Distribution

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 in comparison to its industry or sector. The grey bar indicates the Cash-to-Debt's extreme value range as defined by GuruFocus.

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. 2022 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)
	=	22185	/	(1987	+	3761)
	=	3.86

Tesla's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	23075	/	(2008	+	3803)
	=	3.97

Tesla (NAS:TSLA) 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

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Tesla (NAS:TSLA) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

TSLA:Peru TSLA:Mexico TSLA_KZ:Kazakhstan TSLA:Italy TL0d:UK 0R0X:UK TL0:Germany TSLA:Canada TSLA34:Brazil TSLA:Austria TSLA:Argentina

Address

1 Tesla Road, Austin, TX, USA, 78725

Website

https://www.tesla.com

Founded in 2003 and based in Palo Alto, California, Tesla is a vertically integrated sustainable energy company that also aims to transition the world to electric mobility by making electric vehicles. The company sells solar panels and solar roofs for energy generation plus batteries for stationary storage for residential and commercial properties including utilities. Tesla has multiple vehicles in its fleet, which include luxury and midsize sedans and crossover SUVs. The company also plans to begin selling more affordable sedans and small SUVs, a light truck, a semi truck, and a sports car. Global deliveries in 2022 were a little over 1.3 million vehicles.

Executives

Zachary Kirkhorn	officer: Chief Financial Officer	3500 DEER CREEK ROAD, PALO ALTO CA 94304
Xiaotong Zhu	officer: SVP, Automotive	1 TESLA ROAD, AUSTIN TX 78725
Joseph Gebbia	director	C/O AIRBNB, INC., 888 BRANNAN STREET, SAN FRANCISCO CA 94103
Robyn M Denholm	director	4150 NETWORK CIRCLE, SANTA CLARA CA 95054
Vaibhav Taneja	officer: Chief Accounting Officer	3500 DEER CREEK ROAD, PALO ALTO CA 94304
Elon Musk	director, 10 percent owner, officer: CEO	C/O TESLA MOTORS, INC., 3500 DEER CREEK ROAD, PALO ALTO CA 94304
Ira Matthew Ehrenpreis	director	100 SHORELINE HWY, SUITE 282, BLDG. B, MILL VALLEY CA 94941
Andrew D Baglino	officer: SVP Powertrain and Energy Eng.	3500 DEER CREEK ROAD, FREMONT CA 94538
Hiromichi Mizuno	director	1-2-33-A504, KOMAZAWA, SETAGAYA, TOKYO M0 154-0012
Lawrence Joseph Ellison	director	C/O DELPHI ASSET MGMT CORPORATION, 5525 KIETZKE LANE, SUITE 200, RENO NV 89511
Kathleen Wilson-thompson	director	PO BOX 3599, BATTLE CREEK MI 49016-3599
Morton David H Jr	officer: Chief Accounting Officer	SEAGATE TECHNOLOGY, 920 DISC DRIVE, SCOTTS VALLEY CA 95066
John Douglas Field	officer: Senior VP, Engineering	ONE AMERICAN ROAD, DEARBORN MI 48126
Jon Mcneill	officer: President, WW Sales/Service	45500 FREMONT BLVD, FREMONT CA 94538
James R Murdoch	director	C/O LUPA SYSTEMS, 363 LAFAYETTE STREET, NEW YORK NY 10022