: 0.06 (As of Dec. 2023)
LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's divide by its Total Assets. Tesla's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.06.
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.
Tesla LT-Debt-to-Total-Asset Historical Data
The historical data trend for Tesla's LT-Debt-to-Total-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
| Tesla Annual Data | |||||||||||
| Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |
| LT-Debt-to-Total-Asset | 0.37 | 0.21 | 0.11 | 0.05 | 0.06 | ||||||
| Tesla Quarterly Data | ||||||||||||||||||||
| Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
| LT-Debt-to-Total-Asset | 0.05 | 0.04 | 0.04 | 0.06 | 0.06 | |||||||||||||||
Tesla LT-Debt-to-Total-Asset Calculation
Tesla's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
| LT Debt to Total Assets (A: Dec. 2023 ) | = | (A: Dec. 2023 ) | / | Total Assets (A: Dec. 2023 ) |
| = | 6528 | / | 106618 | |
| = | 0.06 |
Tesla's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as
| LT Debt to Total Assets (Q: Dec. 2023 ) | = | (Q: Dec. 2023 ) | / | Total Assets (Q: Dec. 2023 ) |
| = | 6528 | / | 106618 | |
| = | 0.06 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Tesla(NAS:TSLA) LT-Debt-to-Total-Asset Explanation
LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.
Tesla LT-Debt-to-Total-Asset Related Terms
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Tesla (NAS:TSLA) Business Description
Industry
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Traded in Other Exchanges
Address
1 Tesla Road, Austin, TX, USA, 78725
Website
Founded in 2003 and based in Palo Alto, California, Tesla is a vertically integrated sustainable energy company that also aims to transition the world to electric mobility by making electric vehicles. The company sells solar panels and solar roofs for energy generation plus batteries for stationary storage for residential and commercial properties including utilities. Tesla has multiple vehicles in its fleet, which include luxury and midsize sedans and crossover SUVs. The company also plans to begin selling more affordable sedans and small SUVs, a light truck, a semi truck, and a sports car. Global deliveries in 2022 were a little over 1.3 million vehicles.
Executives
| Vaibhav Taneja | officer: Chief Accounting Officer | 3500 DEER CREEK ROAD, PALO ALTO CA 94304 |
| Xiaotong Zhu | officer: SVP, Automotive | 1 TESLA ROAD, AUSTIN TX 78725 |
| Andrew D Baglino | officer: SVP Powertrain and Energy Eng. | 3500 DEER CREEK ROAD, FREMONT CA 94538 |
| Zachary Kirkhorn | officer: Chief Financial Officer | 3500 DEER CREEK ROAD, PALO ALTO CA 94304 |
| Kimbal Musk | director | C/O TESLA MOTORS, INC., 3500 DEER CREEK ROAD, PALO ALTO CA 94304 |
| Elon Musk | director, 10 percent owner, officer: CEO | C/O TESLA MOTORS, INC., 3500 DEER CREEK ROAD, PALO ALTO CA 94304 |
| Joseph Gebbia | director | C/O AIRBNB, INC., 888 BRANNAN STREET, SAN FRANCISCO CA 94103 |
| Kathleen Wilson-thompson | director | PO BOX 3599, BATTLE CREEK MI 49016-3599 |
| Robyn M Denholm | director | 4150 NETWORK CIRCLE, SANTA CLARA CA 95054 |
| Ira Matthew Ehrenpreis | director | 100 SHORELINE HWY, SUITE 282, BLDG. B, MILL VALLEY CA 94941 |
| Jerome M Guillen | officer: VP Service and Sales Ops | 3500 DEER CREEK RD., PALO ALTO CA 94304 |
| Antonio J. Gracias | director | C/O VALOR EQUITY PARTNERS, 200 SOUTH MICHIGAN AVENUE, SUITE 1020, CHICAGO IL 60604 |
| Hiromichi Mizuno | director | 1-2-33-A504, KOMAZAWA, SETAGAYA, TOKYO M0 154-0012 |
| Lawrence Joseph Ellison | director | C/O DELPHI ASSET MGMT CORPORATION, 5525 KIETZKE LANE, SUITE 200, RENO NV 89511 |
| Stephen T Jurvetson | director | 2882 SAND HILL ROAD, SUITE 150, MENLO PARK CA 94025 |
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