Stock Analysis on Net

Tesla Inc. (NASDAQ:TSLA)

Analysis of Liquidity Ratios 

Microsoft Excel

Liquidity Ratios (Summary)

Tesla Inc., liquidity ratios

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Current ratio 1.53 1.38 1.88 1.13 0.83
Quick ratio 0.94 1.00 1.49 0.71 0.46
Cash ratio 0.83 0.90 1.36 0.59 0.37

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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Tesla Inc. current ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Tesla Inc. quick ratio deteriorated from 2020 to 2021 and from 2021 to 2022.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Tesla Inc. cash ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Current Ratio

Tesla Inc., current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Current assets 40,917 27,100 26,717 12,103 8,306
Current liabilities 26,709 19,705 14,248 10,667 9,992
Liquidity Ratio
Current ratio1 1.53 1.38 1.88 1.13 0.83
Benchmarks
Current Ratio, Competitors2
Ford Motor Co. 1.20 1.20 1.20 1.16 1.20
General Motors Co. 1.10 1.10 1.01 0.88 0.92
Current Ratio, Sector
Automobiles & Components 1.20 1.18 1.17 1.04 1.06
Current Ratio, Industry
Consumer Discretionary 1.14 1.24 1.18 1.10 1.15

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).

1 2022 Calculation
Current ratio = Current assets ÷ Current liabilities
= 40,917 ÷ 26,709 = 1.53

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Tesla Inc. current ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.

Quick Ratio

Tesla Inc., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Cash and cash equivalents 16,253 17,576 19,384 6,268 3,686
Short-term investments 5,932 131
Accounts receivable, net 2,952 1,913 1,886 1,324 949
Total quick assets 25,137 19,620 21,270 7,592 4,635
 
Current liabilities 26,709 19,705 14,248 10,667 9,992
Liquidity Ratio
Quick ratio1 0.94 1.00 1.49 0.71 0.46
Benchmarks
Quick Ratio, Competitors2
Ford Motor Co. 1.02 1.03 1.05 0.99 1.04
General Motors Co. 0.86 0.84 0.79 0.67 0.73
Quick Ratio, Sector
Automobiles & Components 0.94 0.95 0.98 0.84 0.88
Quick Ratio, Industry
Consumer Discretionary 0.79 0.91 0.87 0.77 0.83

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).

1 2022 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 25,137 ÷ 26,709 = 0.94

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Tesla Inc. quick ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Cash Ratio

Tesla Inc., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Cash and cash equivalents 16,253 17,576 19,384 6,268 3,686
Short-term investments 5,932 131
Total cash assets 22,185 17,707 19,384 6,268 3,686
 
Current liabilities 26,709 19,705 14,248 10,667 9,992
Liquidity Ratio
Cash ratio1 0.83 0.90 1.36 0.59 0.37
Benchmarks
Cash Ratio, Competitors2
Ford Motor Co. 0.85 0.91 0.95 0.90 0.92
General Motors Co. 0.34 0.39 0.36 0.27 0.33
Cash Ratio, Sector
Automobiles & Components 0.63 0.70 0.74 0.61 0.63
Cash Ratio, Industry
Consumer Discretionary 0.54 0.70 0.68 0.56 0.61

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).

1 2022 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 22,185 ÷ 26,709 = 0.83

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Tesla Inc. cash ratio deteriorated from 2020 to 2021 and from 2021 to 2022.