Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Tesla Inc., liquidity ratios
| 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
| 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
| 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
| 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. |