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 $5.23B. This is broken down into:
- Long-term debt: $2.68B
- Short-term debt: $2.37B
The company's net debt, which accounts for cash and cash equivalents, is $-11.17B. In terms of overall financial obligations, Tesla's total liabilities amount to $43.01B.
Debt Ratios and Metrics
To better understand Tesla's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.08 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 4.74% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 56.99 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 4.11% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 7.47% - 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
$5.23B
Long-term Debt
$2.68B
Short-term Debt
$2.37B
Net Debt
$-11.17B
Total Liabilities
$43.01B
Interest Coverage
56.99
Debt to Equity Ratio
0.08
Debt Ratio
4.74%
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 2023.
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $5.23B | $2.68B | $2.37B | $-11.17B | $43.01B | 0.08 | 4.74% | 56.99 | 4.11% | 7.47% |
| 2022 | $3.10B | $1.60B | $1.50B | $-13.15B | $36.44B | 0.07 | 3.76% | 71.50 | 3.45% | 6.48% |
| 2021 | $6.83B | $5.25B | $1.59B | $-10.74B | $30.55B | 0.23 | 11.00% | 18.02 | 14.80% | 18.46% |
| 2020 | $11.74B | $9.61B | $2.13B | $-7.64B | $28.47B | 0.53 | 22.51% | 2.67 | 30.18% | 34.56% |
| 2019 | $13.42B | $11.63B | $1.78B | $7.15B | $26.20B | 2.03 | 39.11% | 0.25 | 63.74% | 66.97% |
| 2018 | $11.97B | $9.40B | $2.57B | $8.29B | $23.43B | 2.43 | 40.25% | -0.59 | 65.64% | 70.86% |
| 2017 | $10.31B | $9.46B | $858.03M | $6.95B | $23.02B | 2.43 | 36.00% | -3.46 | 69.06% | 70.88% |
| 2016 | $7.13B | $5.98B | $1.15B | $3.74B | $16.76B | 1.50 | 31.45% | -3.36 | 55.71% | 60.00% |
| 2015 | $2.72B | $2.72B | $633.17M | $1.54B | $7.00B | 3.08 | 41.38% | -6.03 | 71.38% | 75.46% |
| 2014 | $2.49B | $2.49B | $632.13M | $600.31M | $4.94B | 3.42 | 53.34% | -1.85 | 73.18% | 77.39% |