Stock Analysis on Net

Tesla Inc. (NASDAQ:TSLA)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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Tesla Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

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Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Accounts payable
Accrued liabilities and other
Deferred revenue
Current portion of debt and finance leases
Current liabilities
Debt and finance leases, net of current portion
Deferred revenue, net of current portion
Other long-term liabilities
Long-term liabilities
Total liabilities
Redeemable noncontrolling interests in subsidiaries
Convertible senior notes
Preferred stock; $0.001 par value; no shares issued and outstanding
Common stock; $0.001 par value
Additional paid-in capital
Accumulated other comprehensive income (loss)
Retained earnings (accumulated deficit)
Stockholders’ equity
Noncontrolling interests in subsidiaries
Total equity
Total liabilities and equity

Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

Liabilities Trends
The total liabilities as a percentage of total liabilities and equity have shown a consistent decline from 71.19% in March 2020 to around 39.7% by March 2025. This indicates a steady reduction in reliance on liabilities for financing. Current liabilities have fluctuated somewhat but exhibit an overall decreasing pattern from 32.18% in March 2020 to about 23.78% in March 2025, signaling reduced short-term obligations relative to the company's capital structure. Similarly, long-term liabilities have decreased significantly from 39.01% in March 2020 to approximately 15.94% by March 2025, implying substantial debt repayment or refinancing strategies. Notably, the current portion of debt and finance leases dropped sharply from 10.75% in March 2020 to under 2% by the end of 2024 and early 2025, highlighting a substantial reduction in near-term debt obligations.
Accounts Payable and Accrued Liabilities
Accounts payable have generally increased from 10.66% in early 2020, peaking near 18.67% in late 2022, before declining to roughly 10.77% by March 2025. This may indicate changes in supplier payment terms or operational scale fluctuations. Accrued liabilities and other obligations have remained relatively stable, oscillating modestly between 7.1% and 9% across the observed period, suggesting consistent timing and management of accrued expenses.
Deferred Revenue
Deferred revenue shows minor variations between approximately 2% and 3.3%, with a slight downward trend in the current portion over time, and fluctuations in the net of current portion segment. These data points imply steady recognition of deferred revenue, with no major shifts in advance payment or subscription models.
Debt and Finance Leases
There is a marked decline in debt and finance leases both for the current portion and the net of current portion. Current portion dropped from over 10% in early 2020 to below 2% by 2025, while non-current portion reduced more gradually from near 29% to about 4%. However, there is a slight uptick in non-current debt ratios around 2024, possibly indicating new financing activities or restructurings.
Equity Composition
Stockholders’ equity has steadily increased from approximately 24.63% in 2020 to about 59.7% by early 2025, reflecting an overall strengthening equity base relative to liabilities. Total equity followed a similar pattern, rising from near 27% to above 60%. This growth is supported by a notable improvement in retained earnings, which moved from a negative 16.39% to a positive 28.47% over the time span, highlighting increasing accumulated profitability or earnings retention. Additional paid-in capital has decreased from above 50% to around 31%, indicating potential amortization of capital or changes in capital structure over time.
Other Items
Other long-term liabilities have slightly increased from about 7.16% to 8.82%, suggesting an increase in obligations such as pension or deferred compensation. The accumulated other comprehensive income (loss) fluctuated around zero, with intermittent negative values indicating possible unrealized losses or currency translation adjustments, but without a clear long-term trend. Noncontrolling interests have gradually declined, reflecting possibly fewer minority ownerships or acquisitions consolidating ownership.
Summary
The data reveal a significant deleveraging trend with reductions in both current and long-term debt components, alongside a solid increase in equity, driven primarily by improved retained earnings. The decrease in liabilities coupled with a stronger equity position suggests enhanced financial stability and potential for greater financial flexibility. Minor fluctuations in accounts payable, accrued liabilities, and deferred revenues indicate consistent operational management. Overall, the profile points to a strategic reduction in external financing dependence and an emphasis on retaining earnings to support growth or capital structure improvements.