Current Ratio
since 2010
Calculation
Tesla Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2025 | 2.16 | = | 68,642) | ÷ | 31,714) |
| Dec 31, 2024 | 2.02 | = | 58,360) | ÷ | 28,821) |
| Dec 31, 2023 | 1.73 | = | 49,616) | ÷ | 28,748) |
| Dec 31, 2022 | 1.53 | = | 40,917) | ÷ | 26,709) |
| Dec 31, 2021 | 1.38 | = | 27,100) | ÷ | 19,705) |
| Dec 31, 2020 | 1.88 | = | 26,717) | ÷ | 14,248) |
| Dec 31, 2019 | 1.13 | = | 12,103) | ÷ | 10,667) |
| Dec 31, 2018 | 0.83 | = | 8,306) | ÷ | 9,992) |
| Dec 31, 2017 | 0.86 | = | 6,571) | ÷ | 7,675) |
| Dec 31, 2016 | 1.07 | = | 6,260) | ÷ | 5,827) |
| Dec 31, 2015 | 0.99 | = | 2,792) | ÷ | 2,816) |
| Dec 31, 2014 | 1.52 | = | 3,199) | ÷ | 2,107) |
| Dec 31, 2013 | 1.88 | = | 1,266) | ÷ | 675) |
| Dec 31, 2012 | 0.97 | = | 525) | ÷ | 539) |
| Dec 31, 2011 | 1.95 | = | 373) | ÷ | 191) |
| Dec 31, 2010 | 2.76 | = | 236) | ÷ | 86) |
Based on: 10-K (reporting date: 2025-12-31), 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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).
1 US$ in millions
The current ratio exhibited considerable fluctuation between 2010 and 2025. Initially strong, the ratio experienced a period of decline before stabilizing and ultimately increasing in later years. A detailed examination reveals distinct phases in the company’s short-term liquidity position.
- Early Period (2010-2012)
- From 2010 to 2012, the current ratio decreased from 2.76 to 0.97. This decline suggests a weakening ability to cover short-term liabilities with short-term assets. While the ratio remained above 1.0 in 2010 and 2011, falling below this benchmark in 2012 indicates potential liquidity concerns.
- Volatility and Stabilization (2013-2017)
- The period between 2013 and 2017 was characterized by volatility. The ratio increased to 1.88 in 2013, then decreased to 0.86 in 2017. This suggests inconsistent management of current assets and liabilities, potentially reflecting the company’s growth phase and associated working capital needs. The ratio hovered around 1.0 during this period, indicating a marginal ability to meet short-term obligations.
- Improvement and Growth (2018-2025)
- Beginning in 2018, the current ratio demonstrated a consistent upward trend, increasing from 0.83 to 2.16 by 2025. This improvement signifies a strengthening liquidity position, with the company increasingly able to comfortably cover its short-term liabilities. The ratio exceeded 1.5 from 2022 onwards, indicating a healthy short-term financial standing. The increase suggests effective working capital management and potentially improved access to short-term funding.
Overall, the trend indicates a transition from initial liquidity concerns to a progressively stronger and more stable short-term financial position. The later years demonstrate a clear improvement in the company’s ability to meet its short-term obligations, suggesting successful financial management and growth.
Comparison to Competitors
Tesla Inc., current ratio, long-term trends, comparison to competitors
| Tesla Inc. | Ford Motor Co. | General Motors Co. | |
|---|---|---|---|
| Dec 31, 2025 | 2.16 | — | 1.17 |
| Dec 31, 2024 | 2.02 | 1.16 | 1.13 |
| Dec 31, 2023 | 1.73 | 1.20 | 1.08 |
| Dec 31, 2022 | 1.53 | 1.20 | 1.10 |
| Dec 31, 2021 | 1.38 | 1.20 | 1.10 |
| Dec 31, 2020 | 1.88 | 1.20 | 1.01 |
| Dec 31, 2019 | 1.13 | 1.16 | 0.88 |
| Dec 31, 2018 | 0.83 | 1.20 | 0.92 |
| Dec 31, 2017 | 0.86 | 1.23 | 0.89 |
| Dec 31, 2016 | 1.07 | 1.20 | 0.89 |
| Dec 31, 2015 | 0.99 | 1.25 | 1.09 |
| Dec 31, 2014 | 1.52 | 0.68 | 1.27 |
| Dec 31, 2013 | 1.88 | 0.74 | 1.31 |
| Dec 31, 2012 | 0.97 | 0.75 | 1.30 |
| Dec 31, 2011 | 1.95 | 1.16 | 1.22 |
| Dec 31, 2010 | 2.76 | 1.00 | 1.13 |
Based on: 10-K (reporting date: 2025-12-31), 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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).
Comparison to Sector (Automobiles & Components)
Tesla Inc., current ratio, long-term trends, comparison to sector (automobiles & components)
| Tesla Inc. | Automobiles & Components | |
|---|---|---|
| Dec 31, 2025 | 2.16 | — |
| Dec 31, 2024 | 2.02 | 1.26 |
| Dec 31, 2023 | 1.73 | 1.21 |
| Dec 31, 2022 | 1.53 | 1.20 |
| Dec 31, 2021 | 1.38 | 1.18 |
| Dec 31, 2020 | 1.88 | 1.17 |
| Dec 31, 2019 | 1.13 | 1.04 |
| Dec 31, 2018 | 0.83 | 1.06 |
| Dec 31, 2017 | 0.86 | 1.07 |
| Dec 31, 2016 | 1.07 | 1.05 |
| Dec 31, 2015 | 0.99 | 1.17 |
| Dec 31, 2014 | 1.52 | 0.96 |
| Dec 31, 2013 | 1.88 | 1.01 |
| Dec 31, 2012 | 0.97 | 0.98 |
| Dec 31, 2011 | 1.95 | 1.20 |
| Dec 31, 2010 | 2.76 | 1.07 |
Based on: 10-K (reporting date: 2025-12-31), 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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).
Comparison to Industry (Consumer Discretionary)
Tesla Inc., current ratio, long-term trends, comparison to industry (consumer discretionary)
| Tesla Inc. | Consumer Discretionary | |
|---|---|---|
| Dec 31, 2025 | 2.16 | — |
| Dec 31, 2024 | 2.02 | 1.22 |
| Dec 31, 2023 | 1.73 | 1.20 |
| Dec 31, 2022 | 1.53 | 1.15 |
| Dec 31, 2021 | 1.38 | 1.25 |
| Dec 31, 2020 | 1.88 | 1.19 |
| Dec 31, 2019 | 1.13 | 1.10 |
| Dec 31, 2018 | 0.83 | 1.15 |
| Dec 31, 2017 | 0.86 | 1.15 |
| Dec 31, 2016 | 1.07 | 1.12 |
| Dec 31, 2015 | 0.99 | 1.25 |
| Dec 31, 2014 | 1.52 | 1.11 |
| Dec 31, 2013 | 1.88 | 1.15 |
| Dec 31, 2012 | 0.97 | 1.14 |
| Dec 31, 2011 | 1.95 | 1.31 |
| Dec 31, 2010 | 2.76 | 1.24 |
Based on: 10-K (reporting date: 2025-12-31), 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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).