How much debt does Tesla have?
According to Tesla's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Tesla's total debt stands at $13.62B. This is broken down into:
- Long-term debt: $10.36B
- Short-term debt: $3.26B
The company's net debt, which accounts for cash and cash equivalents, is $-2.52B. In terms of overall financial obligations, Tesla's total liabilities amount to $48.39B.
Debt Ratios and Metrics
To better understand Tesla's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.11 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 6.73% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 20.22 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 7.32% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 10.12% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Tesla's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$13.62B
Long-term Debt
$10.36B
Short-term Debt
$3.26B
Net Debt
$-2.52B
Total Liabilities
$48.39B
Interest Coverage
20.22
Debt to Equity Ratio
0.11
Debt Ratio
6.73%
Tesla Historical Debt Metrics
Tesla Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $13.62B | $10.36B | $3.26B | $-2.52B | $48.39B | 0.11 | 6.73% | 20.22 | 7.32% | 10.12% |
| 2023 | $9.57B | $6.53B | $3.04B | $-6.83B | $43.01B | 0.15 | 8.98% | 56.99 | 4.11% | 13.26% |
| 2022 | $5.75B | $3.76B | $1.99B | $-10.51B | $36.44B | 0.13 | 6.98% | 71.50 | 2.25% | 11.39% |
| 2021 | $8.87B | $6.92B | $1.96B | $-8.70B | $30.55B | 0.29 | 14.28% | 17.58 | 12.35% | 22.72% |
| 2020 | $13.28B | $10.86B | $2.42B | $-6.11B | $28.47B | 0.60 | 25.46% | 2.67 | 27.70% | 37.40% |
| 2019 | $14.60B | $12.59B | $2.01B | $8.34B | $26.20B | 2.21 | 42.56% | -0.10 | 61.12% | 68.81% |
| 2018 | $13.83B | $11.12B | $2.71B | $10.14B | $23.43B | 2.81 | 46.50% | -0.59 | 63.08% | 73.75% |
| 2017 | $12.13B | $11.15B | $978.78M | $8.76B | $23.02B | 2.86 | 42.33% | -3.46 | 68.97% | 74.11% |
| 2016 | $8.59B | $7.46B | $1.20B | $5.19B | $16.76B | 1.81 | 37.89% | -3.36 | 56.02% | 64.37% |
| 2015 | $2.90B | $2.27B | $112.42M | $1.70B | $6.98B | 2.67 | 35.92% | -6.03 | 65.62% | 72.78% |
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