Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Current ratio | 1.73 | 1.53 | 1.38 | 1.88 | 1.13 | |
Quick ratio | 1.13 | 0.94 | 1.00 | 1.49 | 0.71 | |
Cash ratio | 1.01 | 0.83 | 0.90 | 1.36 | 0.59 |
Based on: 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).
Liquidity ratio | Description | The company |
---|---|---|
Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Tesla Inc. current ratio improved from 2021 to 2022 and from 2022 to 2023. |
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 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Tesla Inc. cash ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Current Ratio
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Current assets | 49,616) | 40,917) | 27,100) | 26,717) | 12,103) | |
Current liabilities | 28,748) | 26,709) | 19,705) | 14,248) | 10,667) | |
Liquidity Ratio | ||||||
Current ratio1 | 1.73 | 1.53 | 1.38 | 1.88 | 1.13 | |
Benchmarks | ||||||
Current Ratio, Competitors2 | ||||||
Ford Motor Co. | 1.20 | 1.20 | 1.20 | 1.20 | 1.16 | |
General Motors Co. | 1.08 | 1.10 | 1.10 | 1.01 | 0.88 | |
Current Ratio, Sector | ||||||
Automobiles & Components | 1.21 | 1.20 | 1.18 | 1.17 | 1.04 | |
Current Ratio, Industry | ||||||
Consumer Discretionary | 1.18 | 1.14 | 1.24 | 1.18 | 1.08 |
Based on: 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).
1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 49,616 ÷ 28,748 = 1.73
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 improved from 2021 to 2022 and from 2022 to 2023. |
Quick Ratio
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Cash and cash equivalents | 16,398) | 16,253) | 17,576) | 19,384) | 6,268) | |
Short-term investments | 12,696) | 5,932) | 131) | —) | —) | |
Accounts receivable, net | 3,508) | 2,952) | 1,913) | 1,886) | 1,324) | |
Total quick assets | 32,602) | 25,137) | 19,620) | 21,270) | 7,592) | |
Current liabilities | 28,748) | 26,709) | 19,705) | 14,248) | 10,667) | |
Liquidity Ratio | ||||||
Quick ratio1 | 1.13 | 0.94 | 1.00 | 1.49 | 0.71 | |
Benchmarks | ||||||
Quick Ratio, Competitors2 | ||||||
Ford Motor Co. | 1.01 | 1.02 | 1.03 | 1.05 | 0.99 | |
General Motors Co. | 0.83 | 0.86 | 0.84 | 0.79 | 0.67 | |
Quick Ratio, Sector | ||||||
Automobiles & Components | 0.95 | 0.94 | 0.95 | 0.98 | 0.84 | |
Quick Ratio, Industry | ||||||
Consumer Discretionary | 0.84 | 0.81 | 0.93 | 0.89 | 0.77 |
Based on: 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).
1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 32,602 ÷ 28,748 = 1.13
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 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Cash Ratio
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Cash and cash equivalents | 16,398) | 16,253) | 17,576) | 19,384) | 6,268) | |
Short-term investments | 12,696) | 5,932) | 131) | —) | —) | |
Total cash assets | 29,094) | 22,185) | 17,707) | 19,384) | 6,268) | |
Current liabilities | 28,748) | 26,709) | 19,705) | 14,248) | 10,667) | |
Liquidity Ratio | ||||||
Cash ratio1 | 1.01 | 0.83 | 0.90 | 1.36 | 0.59 | |
Benchmarks | ||||||
Cash Ratio, Competitors2 | ||||||
Ford Motor Co. | 0.85 | 0.85 | 0.91 | 0.95 | 0.90 | |
General Motors Co. | 0.28 | 0.34 | 0.39 | 0.36 | 0.27 | |
Cash Ratio, Sector | ||||||
Automobiles & Components | 0.63 | 0.63 | 0.70 | 0.74 | 0.61 | |
Cash Ratio, Industry | ||||||
Consumer Discretionary | 0.57 | 0.55 | 0.71 | 0.70 | 0.56 |
Based on: 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).
1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 29,094 ÷ 28,748 = 1.01
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 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |