What is Tesla's current liabilities? (2024)

What is Tesla's current liabilities?

As of Dec. 31, 2021, Tesla reported total liabilities of $30.5 billion. Between 2020 and 2021, the company incurred 7% more debt. A majority of this debt is due in the short-term, as Tesla had over $10 billion of accounts payable at the end of 2020—almost a 40% increase from the year prior.

What is Tesla's current total debt?

Total debt on the balance sheet as of December 2023 : $9.57 B. According to Tesla's latest financial reports the company's total debt is $9.57 B. A company's total debt is the sum of all current and non-current debts.

What is Tesla's current ratio?

Tesla has a current ratio of 1.73. It generally indicates good short-term financial strength. During the past 13 years, Tesla's highest Current Ratio was 1.88. The lowest was 0.83.

Why is Tesla's debt so low?

Cobb attributes Tesla's low debts to a few different things, with the first being its sleek lineup of cars, innovative technology, and its overall dedication to renewable energy and sustainability.

Is a car a current liabilities?

In accounting terms, your car is a depreciating asset. This means your vehicle may have value right now and you could sell it. However, while you own the car, that value usually goes down over time.

Is a vehicle a current liabilities?

Answer and Explanation: Although there are different types of vehicles, they all fall in the category of Fixed Assets.

What is Tesla's short-term debt?

Tesla (NAS:TSLA) Short-Term Debt. : $1,975 Mil (As of Dec. 2023)

Was Nikola Tesla in debt?

Tesla died in a hotel in New York in January 1943. He was in debt at the time, as he was much of his life.

What is Tesla's net debt quarterly?

Is Tesla's current ratio good?

Tesla's operated at median current ratio of 1.5x from fiscal years ending December 2019 to 2023. Looking back at the last 5 years, Tesla's current ratio peaked in December 2020 at 1.9x. Tesla's current ratio hit its 5-year low in December 2019 of 1.1x.

Does Tesla have good liquidity?

TESLA INC has average liquidity. Currently, the Quick Ratio is 1.16 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.

Does Tesla have liquidity issues?

The company has an average financial risk score of 2.61, driven by its healthy liquidity and cash flow ratios.

Is Tesla struggling financially?

Key Takeaways. Shares of Tesla fell as Wells Fargo said the EV maker is likely to see no sales growth in 2024. The bank cut its rating on the stock to underweight and lowered its price target to $125 from $200. Tesla's struggling to sell cars even as it lowers prices in various markets, and that's affecting its profit.

Is Tesla financially stable?

Tesla Inc has enough cash to cover all of its debt. Its financial situation is stable.

Does Tesla have a good balance sheet?

This state of affairs indicates that Tesla's balance sheet looks quite solid, as its total liabilities are just about equal to its liquid assets. So it's very unlikely that the US$789.9b company is short on cash, but still worth keeping an eye on the balance sheet.

What is the current liability ratio?

The current ratio describes the relationship between a company's assets and liabilities. So, a higher ratio means the company has more assets than liabilities. For example, a current ratio of 4 means the company could technically pay off its current liabilities four times over.

What are some current liabilities?

Some examples of current liabilities that appear on the balance sheet include accounts payable, payroll due, payroll taxes, accrued expenses, short-term notes payable, income taxes, interest payable, accrued interest, utilities, rental fees, and other short-term debts.

Is current liabilities a debt?

Current liabilities (also called short-term liabilities) are debts a company must pay within a normal operating cycle, usually less than 12 months (as opposed to long-term liabilities, which are payable beyond 12 months). Paying off current liabilities is mandatory.

What are the 7 current assets?

Current assets include cash, cash equivalents, accounts receivable, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets. Current Assets may also be called Current Accounts.

Is a 401k a financial asset?

Your 401(k), and any other retirement accounts, are financial assets. These are portfolios in which you hold securities and investment products that have either realized or potential value. This makes your 401(k) portfolio an asset in your name as long as you own the account and as long as it has a positive balance.

Is cash in bank an asset?

In short, yes—cash is a current asset and is the first line-item on a company's balance sheet. Cash is the most liquid type of asset and can be used to easily purchase other assets. Liquidity is the ease with which an asset can be converted into cash.

Does Tesla make a profit?

Tesla's earnings fell for the first time since 2017

By comparison, in 2022, it cost Tesla $49.6 billion to manufacture and sell $67.2 billion worth of electric vehicles, leaving a gross profit of $17.6 billion.

Did Tesla pay back its loan?

Mercury News - Tesla Motors fully repays $465 million federal loan nine years early. PALO ALTO -- In a boost for the Obama Administration and controversial federal cleantech programs, electric vehicle maker Tesla Motors (TSLA) announced Wednesday it paid back its $465 million government loan nine years early.

What are the assets of Tesla?

Total assets on the balance sheet as of December 2023 : $106.61 B. According to Tesla's latest financial reports the company's total assets are $106.61 B. A company's total assets is the sum of all current and non-current assets, such as inventories, cash and cash equivalents, properties and equipment.

What is Tesla's long term debt to asset ratio?

Tesla's long-term debt to total assets ratio increased from Dec. 2022 (0.05) to Dec. 2023 (0.06). It may suggest that Tesla is progressively becoming more dependent on debt to grow their business.