Stock Analysis on Net

Tesla Inc. (NASDAQ:TSLA)

$24.99

Current Ratio
since 2010

Microsoft Excel

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Calculation

Tesla Inc., current ratio, long-term trends, calculation

Microsoft Excel

Based on: 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 financial analysis over the period from 2010 to 2024 reveals notable trends in liquidity and working capital management as reflected by current assets, current liabilities, and the current ratio figures.

Current Assets
Current assets exhibit a generally strong upward trend, starting from US$236 million in 2010 and increasing considerably to US$58,360 million by 2024. Initial growth was moderate but accelerated substantially from 2013 onward, indicating enhanced accumulation of liquid and short-term assets over time.
Current Liabilities
Current liabilities also increased markedly from US$86 million in 2010 to US$28,821 million in 2024. The growth rate in liabilities appears steep, particularly between 2014 and 2017, which suggests increasing short-term obligations. However, growth in liabilities somewhat stabilizes in the final years observed.
Current Ratio
The current ratio, representing liquidity, shows considerable volatility in the earlier years (2010-2014), fluctuating from a high of 2.76 down to below 1.0 at times, implying periods of potential short-term liquidity constraints or tighter working capital positions. From 2015 onward, the ratio mostly remains above 1.0, with a significant recovery starting in 2019, eventually rising to 2.02 by 2024. This trend reflects improved short-term financial stability and a stronger cushion of current assets over current liabilities in the recent years.
Overall Assessment
Despite the significant growth in both current assets and current liabilities, the company’s liquidity position strengthened over time, particularly after 2018. The improved current ratio after a period of near or below 1.0 ratios indicates more effective management of current assets relative to current liabilities, which reduces short-term liquidity risk. The sizeable expansion in current assets relative to liabilities also suggests enhanced capacity to cover short-term obligations while supporting operational needs.

Comparison to Competitors

Tesla Inc., current ratio, long-term trends, comparison to competitors

Microsoft Excel

Based on: 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)

Microsoft Excel

Based on: 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)

Microsoft Excel

Based on: 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).