Total Debt (Carrying Amount)
Based on: 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).
Debt item | Description | The company |
---|---|---|
Total debt and finance leases (carrying amount) | Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. | Tesla Inc. total debt decreased from 2020 to 2021 and from 2021 to 2022. |
Total Debt (Fair Value)
Dec 31, 2022 | |
---|---|
Selected Financial Data (US$ in millions) | |
Convertible Senior Notes | 223) |
Other debt | 2,008) |
Finance lease liabilities | 1,054) |
Total debt and finance leases (fair value) | 3,285) |
Financial Ratio | |
Debt, fair value to carrying amount ratio | 1.06 |
Based on: 10-K (reporting date: 2022-12-31).
Weighted-average Interest Rate on Debt
Weighted-average interest rate on debt and finance leases: 5.20%
Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
---|---|---|---|
8.68% | 37) | 3) | |
5.75% | 7) | —) | |
4.64% | 1,597) | 74) | |
4.80% | 17) | 1) | |
5.81% | 387) | 22) | |
5.70% | 1,054) | 60) | |
Total | 3,099) | 161) | |
5.20% |
Based on: 10-K (reporting date: 2022-12-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × 161 ÷ 3,099 = 5.20%
Interest Costs Incurred
Based on: 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).
Debt item | Description | The company |
---|---|---|
Interest expense | Amount of the cost of borrowed funds accounted for as interest expense for debt. | Tesla Inc. interest expense decreased from 2020 to 2021 and from 2021 to 2022. |
Capitalized interest | Amount of interest costs capitalized disclosed as an adjusting item to interest costs incurred. | Tesla Inc. capitalized interest increased from 2020 to 2021 but then decreased significantly from 2021 to 2022. |
Interest costs incurred | Total interest costs incurred during the period and either capitalized or charged against earnings. | Tesla Inc. interest costs incurred decreased from 2020 to 2021 and from 2021 to 2022. |
Adjusted Interest Coverage Ratio
Based on: 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).
2022 Calculations
1 Interest coverage ratio (without capitalized interest) = EBIT ÷ Interest expense
= 13,910 ÷ 191 = 72.83
2 Adjusted interest coverage ratio (with capitalized interest) = EBIT ÷ Interest costs incurred
= 13,910 ÷ 191 = 72.83
Solvency ratio | Description | The company |
---|---|---|
Adjusted interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments (including capitalized interest). | Tesla Inc. adjusted interest coverage ratio improved from 2020 to 2021 and from 2021 to 2022. |