As seen from the above snapshot, Teslas purchase obligations totaled as much as $18 billion as of 4Q 2020. Is Trending Stock Tesla, Inc. (TSLA) a Buy Now? Benzinga does not provide investment advice. Aside from debt levels, we also will look into a couple of other debt-related metrics, including the debt vs revenue growth, debt to revenue ratio, net debt, debt vs asset growth, etc. Similarly, Teslas net debt hit its peak figure at about $11 billion recorded in 2019 Q1. These assets have . A higher number means . Teslas net debt plunged to negative numbers in 4Q 2020, indicating that Tesla has more cash than debt on hand. Here's our best guess at the top 6 disappointments over the next two years: 1) Tesla may need to raise more money. Tesla (TSLA) Total Long Term Debt (Quarterly) - Zacks.com Tesla (TSLA) (Delayed Data from NSDQ) $194.86 USD +0.16 (0.08%) Updated Dec 2, 2022 04:00 PM ET After-Market: $194.55 -0.31 (-0.16%). It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Due to its lower financing cost compared to equity, it becomes an attractive option for executives trying to raise capital. The contractual interest rates basically refer to the interest rates of the issued debt whereas the maturity date or debt due date refers to the date when the debt comes due. Based on Tesla's financial statement as of April 30, 2020, long-term debt is at $10.67 billion and current debt is at $3.22 billion, amounting to $13.88 billion in total debt. Keep in mind that the leases represent both operating and finance leases and they include the principal as well as the interest portion that Tesla must settle before the end of the lease terms. Complete our 2022 CleanTechnica reader survey for a chance to win an electric bike. In other words, Tesla has been using less debt to grow. Teslas cash on hand is highly liquid assets such as cash & cash equivalents and the current portion of restricted cash but excludes the fair market value of bitcoins that Tesla was holding. Ford Vehicle Deliveries Given the fact that we are now in Q2 of 2021 and all three of these companies will be announcing updated financial data, the numbers below are subject to change. The fund is managed by Anil Bamboli, Priya Ranjan. It's the day in which holders of Tesla's convertible bonds issued back in 2014 will convert those bonds into shares, realizing whopping gains of . The gurus listed in this website are not affiliated with GuruFocus.com, LLC. 10. Annual Balance Sheet - WSJ DJIA 34429.88 0.10% S&P 500 4071.70 0.12% U.S. 10 Yr 0/32 Yield 3.533% Euro 1.0538 0.05% Subscribe Sign In Tesla Inc. TSLA (U.S.: Nasdaq) search. Thank you for viewing the detailed overview of Tesla's Short-Term Debt & Capital Lease Obligation provided by GuruFocus.com. Interest-payment obligations can impact the cash-flow of the company. Can Tesla handle this amount of interest expense? This is the portion of a company's debt and capital lease obligation that need to be paid within the next 12 months. To show that, I have created a chart below that shows Teslas debt levels and the effect of leases on debt. Tesla's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $1,883 Mil. Contractual Obligations Thereafter, Teslas net debt has been going downhill and totaled only $1 billion in 2020 3Q, the last quarter that saw a positive number. Annual Quarterly. Teslas net debt is the difference between its total debt and cash on hand. Teslas Tangible Assets Have Been On A Rise, What It Means For Investors? How much money is still available for Tesla to access through lines of credit? The reason for the growing lease obligations can be attributed to Teslas massive expansion in recent years which has driven the need for more factories and offices. Tesla remains the largest equity short in the U.S. with $11.2 billion of short interest, 33.4 million shares shorted or 26.2 percent of its float, he wrote. Disclaimers: GuruFocus.com is not operated by a broker or a dealer. Teslas 2nd largest debt went to the Solar Asset-Backed Notes which totaled as much as $0.5 billion USD as of 2Q 2022. Top 3 Largest Debt For example, back in 2015 and 2016, the impact of leases was rather minimal, only 10% of total debt. Amount of the cost of borrowed funds accounted for as interest expense for debt. sold the accounts receivable, it is no longer your responsibility. Tesla long term debt for 2021 was $5.245B, a 45.4% decline from 2020. Its 2020 gross margin was 21%. Tesla's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $3,991 Mil. Yahoo! It's used to help gauge a company's financial health. "Stocks may move in ways that are decoupled from their long-term potential," he added. The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. This fund is suitable to keep your money safe. Electrify Americas Newest Stations Are Awesome! Please click on the following links to see related term pages. Current debt: portion of a companys debt which is due within 1 year, Net debt: determines how well a company can pay all of its debts if they were due immediately. When the debt comes due, Tesla is required to settle the unpaid principal amount instead of the carrying value since thats the amount that the company owes to creditors. 14. Note (SC) 8/2018 $100M Term Loan (SC) 12/2018 $157M Click to expand. Since then, Teslas debt has declined and reached $3 billion or $7 billion with leases included as of Q2 2022. Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. This column specifies the total amount of debts that Tesla owes and this amount will be paid back when the debts mature. After the purchase in 2015 of Direct TV and the acquisition of Time Warner in 2018, the telecommunications giant was left with a net debt in the neighborhood of $180 billion and the not-so-coveted title of most indebted company in the world. This investment adviser does not provide advice to individual investors. Again, this trend bodes well for Tesla and its shareholders. 4. Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. As of Dec. 31, 2021, Tesla reported total liabilities of $30.5 billion. This demonstrates that Tesla is committed to reducing its indebtedness in both the automotive and solar businesses. The decreasing ratio means that Teslas revenue growth has been far outpacing its debt growth. From the chart, Teslas total debt hit its peak figure at $13 billion recorded in 2Q 2020. Here is a snapshot extracted from Teslas 2021 annual filing that shows the companys leases obligation: My expectation is that leases will significantly increase Teslas total debt amount. In Q1, it had its highest sales/deliveries in a single quarter, in a quarter that is normally low in both. Nevertheless, some of these items are worth mentioning. In April of this year, I wrote an article detailing that Tesla was growing so fast that it was leaving a few analysts lost. The Automotive Asset-Backed Notes have been rising significantly since 4Q20 when Tesla issued billions of dollars in debt to pay off other debt such as the Warehouse Agreement. Compare TSLA With Other Stocks On top of that, the fund has an expense ratio that is 57.78% lower than its . Compare the short term debt of Tesla TSLA and Cloudflare NET. 2. Flickr Image. Stocks . Just ask General Electric. Tesla Target Price vs. Debt to Equity. This debt will be due on multiple datelines, with the earliest due date being fixed on September 2024. Float Percentage Of Total Shares Outstanding, Net Income Including Noncontrolling Interests, Accounts Payable & Accrued Expense for Financial Companies, Accumulated other comprehensive income (loss), Cash, Cash Equivalents, Marketable Securities, Long-Term Debt & Capital Lease Obligation, Other Liabilities for Insurance Companies, Short-Term Debt & Capital Lease Obligation, Cash From Discontinued Investing Activities, Cash from Discontinued Operating Activities, Cash Payments for Deposits by Banks and Customers, Cash Receipts from Deposits by Banks and Customers, Cash Receipts from Securities Related Activities, Other Cash Payments from Operating Activities, Other Cash Receipts from Operating Activities, Payments to Suppliers for Goods and Services, Myriad Asset Management Ltd. Buys Tesla Inc, Mirion Technologies Inc, Enphase Energy Inc, Sells Lyft Inc, Meta Platforms Inc, Alphabet Inc. It equals Short-Term Debt plus Short-Term Capital Lease Obligation. $1.99. Fundamental company data provided by Morningstar, updated daily. Stay away from companies that roll over the debt e.g. RWQ Financial Management Services, Inc. Buys Ford Motor Co, General Motors Co, Ares Capital Corp, Sells Boeing Co, Airbnb Inc, NVIDIA Corp, Canada Pension Plan Investment Board Buys Informatica Inc, Civitas Resources Inc, Civitas Resources Inc, Sells IHS Markit, Alibaba Group Holding, Johnson & Johnson, Marsico Capital Management Llc Buys Tesla Inc, Airbnb Inc, S&P Global Inc, Sells Visa Inc, The Walt Disney Co, American Express Co, Fisher Investments Explains Why Stock Splits Are More Noise Than News. In Teslas quarterly and annual filings, Tesla disclosed all debt obligations, both current and long term, in a table as shown below. This fund was started on 1 January, 2013. For your information, Tesla acquired SolarCity in 2016 for $2.6 billion USD. This gives investors an idea of how much money the company needs to pay down for the principle of its debt. Cash-equivalents: include cash and any liquid securities with maturity periods of 90 days or less. This trend is expected as Teslas stock price has been surging lately. Johnna owns less than one share of $TSLA currently and supports Tesla's mission. The historical data trend for Tesla's Short-Term Debt & Capital Lease Obligation 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. Of all debts mentioned in the table above, some of them will be due in 2022. General Motors revenue and gross margin analysis, Tesla frequently asked investment questions. Tesla Inc. (NASDAQ:TSLA) Analysis of Solvency Ratios Annual Data Quarterly Data Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations. Thank you for viewing the detailed overview of Tesla's Short-Term Debt & Capital Lease Obligation provided by GuruFocus.com. Year-to-date, TSLA has declined -3.55%, versus a 15.22% rise in the benchmark S&P 500 index during the same period. In that case, neither does Tesla need to borrow nor issue any equity to raise capital to expand. Tesla (NAS:TSLA) Short-Term Debt & Capital Lease Obligation : $1,883 Mil (As of Sep. 2022) View and export this data going back to 2010. Looking for stocks with low debt-to-equity ratios? When you compare the data for a company that is new and growing at incredible speeds to data from two other companies in the same field that have at least 100 years on the new company, it shows that Tesla is conserving its funds for growth and operations while the other two are having to spend billions on paying back debts. As of 2022 2Q, Teslas total debt or total unpaid principal balance stood at a new-low of $3 billion. Home Homepage Membership Levels About Us General Discussion Complete Stock List The Book Membership Data Coverage Founder's Message Free Trial FREE Trial Screeners GuruFocus Screeners All-In-One Screener Ben Graham Lost Formula 2 New Short-Term Debt & Capital Lease Obligation is the portion of a company's debt and capital lease obligation that need to be paid within the next 12 months. Key parameters 1) HDFC Short Term Debt Fund -Direct Plan - Growth Option has a NAV of 26.9237 as on 08-12-2022. 3. Copyright 2013-2022 by Stock Dividend Screener. Total Long Term Debt is the current and non-current portion of debt that a company holds. Total Long Term Debt (Quarterly) Range, Past 5 Years 2.397B Minimum Sep 2022 12.61B Advertise with CleanTechnica to get your company in front of millions of monthly readers. This chart is similar to the previous revenue vs debt chart. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. TSLA vs GOOGL, TSM - Short Term Debt Chart It reinforces the idea of Teslas growing revenue with respect to debt. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Lease Obligations Geothermal Energy Could Soon Help. Aside from the individual debt figure, the debt due date or maturity date is also explicitly stated at the header of the table. Stock Dividend Screener is optimized for reading, learning and studying. Debt Due in 2021 and 2022 Ford (F) & General Motors (GM) Production Hit Amid Supply Woes, Grab These Top-Ranked Tech ETFs to Join the Rebound Rally, Zacks.com featured highlights include Sanderson Farms, BBQ Holdings, and Tesla, The Zacks Analyst Blog Highlights Tesla, NIO, XPeng, Li Auto and General Motors. Get comparison charts for tons of financial metrics! Short-term debts are those that must be paid back within a year. For example, the Automotive Asset Backed Notes which bears an interest rate of 0.36%-5.48% and totals $2.2 million will be due in September 2022. The earliest date that other debt will be due will be in 2024 and the particular debt is the Solar Asset Backed Notes. The content in this article is for informational purposes only and is neither a recommendation nor a piece of financial advice to purchase a stock. Short selling TSLA is an investing strategy that aims to generate trading profit from Tesla as its price is falling. * Teslas fiscal year begins on Jan 1 and ends on Dec 31. How Does Teslas Debt Leverage Look Compared To Equity? At the time the company was hemorrhaging cash as it ramped up its . The Solar Asset-Backed Notes is similar to the Automotive Asset-Backed Notes in which leased assets such as the leased solar energy generation systems are being used to repay the debt. Gurus may be added or dropped from the GuruFocus site at any time. As seen from the chart, the ratio has been trending down and reached only 0.11 in 2Q 2022, a record low for Tesla. As of July 22, 2021 (before opening), Teslas market cap was $631.26 billion, making it the 9th most valuable company by market cap. It can also be common to refer to short-term debts as current liabilities. All Rights Reserved. TSLA U.S.: Nasdaq Tesla Inc. Watch list Create TSLA Alert Open Last Updated: Dec 8, 2022 9:34 a.m. EST Real time quote $ 172.01 -2.03 -1.17% Previous Close $174.04 Advanced Charting Volume: 1.59M. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. CleanTechnica Reader Survey Win An eBike! Thereafter, Teslas total debt started to decline and reached only $3 billion as of 2Q 2022, the lowest level the company has ever reported since 2016. * Teslas cash on hand consists of cash & cash equivalents and the current portion of restricted cash but excludes liquidity from bitcoins. As shown, leases, both operating and finance, have considerably increased Teslas debt amount. Trade Deficit for February Almost Held Constant. Investors look at the debt-ratio to understand how much financial leverage a company has. TSLA | Tesla Inc. Complete our 2022 CleanTechnica reader survey for a chance to win an electric bike. Shares of Tesla (NASDAQ: TSLA) moved higher by 50.19% in the past three months. Montrouge, 8 December 2020Consumer finance at Credit Agricole:a modern, profitable and high-potential business"Between 2014 and 2019 we have built a robust and highly socially cohesive company, with a strong customer base, solid and diversified partnerships and modern tools and processes. Based on the numbers, Teslas total debt, including current and long-term portions as well as the expected interest expenses, made up about 23% of the companys total liability as of fiscal 2Q 2022. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. References and examples such as tables, charts and diagrams are constantly reviewed to avoid errors, but we cannot warrant the full correctness of all content. The debt figures in the current table combine both current and long-term portions as well as the interest expenses portion. and payables could go from being a short-term financing mechanism that . Tesla has multiple vehicles in its fleet, which include luxury and midsize sedans and crossover SUVs. Capitalized interest: TSLA has been successfully added to your Stock Email Alerts list. It's either paid within the current fiscal year of a business or within the next 12-month period. GM Vehicle Deliveries TSLA: Tesla, Inc. Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The content produced by this site is for entertainment purposes only. Gurus may be added or dropped from the GuruFocus site at any time. How Much Money Has Ford Spent On Research and Development? The Automotive Asset-Backed Notes will be due on multiple datelines, with the earliest due date being fixed on September 2022. Teslas SolarCity debt was assumed from the SolarCity acquisition in 2016. 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 2021 were a little over 936,000 units. GMs market cap on July 22 (pre-market opening) was $82.76 billion. For example, the 2024 notes will be due in May 2024 as stated at the header of the table. Adjusting for $8.62 billion in cash-equivalents, the company has a net debt of $5.48 billion. Short-term Borrowings for Tesla, Inc. Currency $ Join now and get access to the full platform. Therefore, Teslas investors should be glad knowing that the firm is using less debt for expansion. Looking back at the last five years, Tesla's short term debt coverage ratio peaked in September 2022 at 8.5x. Featured images in this article are used under the creative commons license and sourced from the following websites: Bill Dickinson and Maurizio Pesce. TSLA has been removed from your Stock Email Alerts list. Its gross revenue for 2020 was $122 billion and its net revenues earnings before interest and taxes (EBIT) were $9.7 billion. As of 2022 2Q, Teslas net debt stood at -$11 billion, illustrating that the company had significantly more cash than debt. In isolation, the ETF is undervalued, with a price-to-book ratio worth 1.93x and a price-to-earnings ratio of 13.3x. Is Teslas $3 billion debt a cause for concern? Adjusted for $8.08 . The company sells solar panels and solar roofs for energy generation plus batteries for stationary storage for residential and commercial properties including utilities. Current and historical debt to equity ratio values for Tesla (TSLA) over the last 10 years. A rising debt level can lead to a rising interest expense for Tesla. Ford Global Sales & Market Share, GM Current and Historical Market Valuation, Assessing Tesla Automotive Revenue and Gross Margin. In fact, Tesla has been deleveraging as seen from its declining debt loads. Most analysts look at Teslas financial data from years past while trying to predict its future but dont take into consideration many outside factors. In the chart above, there are two plots and they represent total debt and total debt with lease obligations included. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Musk's tweet only drove away less. This trend shows that Tesla has relied less on debt to fuel its revenue growth. In subsequent quarters, Teslas net debt turned negative, implying that its total cash was greater than its debt. This gives investors an idea of how much money the company needs to pay down for the principle of its debt. 2) Tesla may miss on production targets by a quarter or two. Given that we are mere days away from Teslas Q2 earnings call, those numbers are likely to change. Tesla long term debt for 2020 was $9.607B, a 17.42% decline from 2019. Starting Jan 1, 2019, Tesla has adopted the accounting requirement for the lessee to recognize all leases (operating and finance) on the balance sheets. This is found in a company's current liabilities on its balance sheet. All Stock Screeners . Prior to 2020, both Teslas assets and debt had trended in the same direction and that was up. Tesla's recent debt issuance shows the bond market's low opinion on its credit quality. Tesla long term debt for 2019 was $11.634B, a 23.71% increase from 2018. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. . At a record stock price, Tesla can issue far fewer common stocks to raise the same amount of capital compared to when the stock price is low. Teslas largest debt went to the Automotive Asset-Backed Notes which amounted to a staggering $2.2 billion USD as of fiscal 2022 Q2. It equals Short-Term Debt plus Short-Term Capital Lease Obligation. Floating Offshore Wind Lease Sale Lands $757 Million in Winning Bids, Equinor Secures First West Coast Offshore Wind Leases, Texas Will Have More Electricity From Renewables Than Natural Gas Next Year, Says EIA Report, Joe Bidens Executive Order on Catalyzing Clean Energy Industries and Jobs Through Federal Sustainability, New Clean Energy Workforce Training Program From Biden-Harris Admin, Dandelion Energy Ready To Expand Ground Source Heat Pumps. 5. All rights reserved. 13. The historical data trend for Tesla's Short-Term Debt & Capital Lease Obligation 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. Teslas Cash And Bitcoins Holdings Surge To New Highs. * Debt data are obtained from prior chart while assets data are obtained from Teslas consolidated balance sheets. This investment adviser does not provide advice to individual investors. Tesla Long-term debt: $9.56 billion Current debt: $2.13 billion Total debt: $11.69 billion In February 2021, Benzinga published an overview of Tesla's debt, citing a balance sheet. I was recently given some detailed research by Daryl Elliott, who discovered that Tesla has less debt than Ford or GM. Prior to the ongoing Russo-Ukrainian War, it was the eighth-most populous country in Europe, with a . The Sheer Size of Tesla Charging Infrastructure. As the debt-ratio increases, so the does the risk of defaulting on loans, if interest rates were to increase. When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries. All the way to the right of the table lies the total debt figures that add up all the individual debts. Keeping this in mind, Tesla is literally pouring all of its extra money into its growth. That number also fluctuates due to Teslas performance in the market. Montrouge, 8 December 2020Consumer finance at Credit Agricole:a modern, profitable and high-potential business"Between 2014 and 2019 we have built a robust and highly socially cohesive company . 5 ETFs to Ride on Tesla's Record Q1 Deliveries, General Motors (GM) to Roll Out 1st Canadian EV Plant in Ontario, EV Roundup: Tesla's (TSLA) Stock Split Plans & Solid Q1 Sales Steal the Show, C/O TESLA MOTORS, INC. 3500 DEER CREEK ROAD PALO ALTO CA 94304, 100 SHORELINE HWY SUITE 282, BLDG. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Fundamental company data provided by Morningstar, updated daily. This is a question that investors must answer themselves. Ukraine covers approximately 600,000 square kilometres (230,000 sq mi). If the debt is rising but revenue is sinking, should investors be concerned? Does Teslas Solar Sales Grow Comparatively As Its Automotive? Debt Vs Assets Growth B MILL VALLEY CA 94941, 1-2-33-A504, KOMAZAWA SETAGAYA TOKYO M0 154-0012, C/O DELPHI ASSET MGMT CORPORATION 5525 KIETZKE LANE, SUITE 200 RENO NV 89511, SEAGATE TECHNOLOGY 920 DISC DRIVE SCOTTS VALLEY CA 95066, C/O LUPA SYSTEMS 363 LAFAYETTE STREET NEW YORK NY 10022, 915 DEGUIGNE DRIVE PO BOX 3453 SUNNYVALE CA 94088-3453. TSLA has been successfully added to your Stock Email Alerts list. In short, this trend reveals a compelling reason for Teslas shareholders to hold on to the shares. HDFC Short Term Debt Fund -Direct Plan - Growth Option is a debt fund. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Net Debt Long-term debt: portion of a companys debt which is due in more than 1 year. Some of Teslas contractual obligations involve mandatory purchase obligations which obligate the company to purchase a certain amount of raw materials, components and services from suppliers and third parties. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. 9. Tesla's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $1,883 Mil. In the notes to balance sheet in annual (10-K) or quarterly (10-Q) reports, companies usually break down the details of the debt, their due dates, the interest rates etc. If you find the information in this article helpful, please consider sharing it on social media and also provide a link back to this article from any website so that more articles like this one can be created in the future. Tesla has $38.13 billion in total assets, therefore making the debt-ratio 0.37. Teslas debt obligation has been a hot topic, not just among investors but also among creditors who are concerned about the companys financial health. 12. (Surprise Video), Flameproofing Lithium-Ion Batteries With Salt, EV Batteries Just Keep Getting Better & Better, U.S. While using this site, you agree to have read and accepted our terms of use, cookie and privacy policy. Investors who are keen to buy Teslas stock must look into the companys debt obligations and see if the company has been loaded with an increasing debt level. Biggest Companies Most Profitable Best Performing Worst Performing 52-Week Highs 52-Week Lows Biggest Daily Gainers Biggest Daily Losers Most Active Today Best Growth Stocks. Individual Debt Download Sample. By the time this is published, those numbers will have changed due to the day-to-day performances of the markets. Also, Teslas revenue and assets growth with respect to debt has shown that Tesla has relied less on debt to fuel its growth. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. 7. According to the Teslas most recent financial statement as reported on July 28, 2020, total debt is at $14.10 billion, with $10.42 billion in long-term debt and $3.68 billion in current debt. 1. AFP/Getty Images. Short-term debt is defined as the portion of a company's total debts that are due to be paid within either the next 12 months or within the company's current fiscal year. * Total debt figures are calculated by the author based on Teslas total unpaid principal balances. Only PremiumPlus Member can access this feature. Instead, Tesla has used equity and cash leftover, if there is any, to expand. View and export this data going back to 2010. You can manage your stock email alerts here. Fords 2020 net revenues EBIT were $2.8 billion and its 2020 gross margin were 11.3%. This feature is only available for Premium Members, please sign up for. Not only do Ford and GM have more debt than Tesla, but Teslas market cap is much larger than both of theirs combined. 1. Having financial leverage also allows companies to use additional capital for business operations, allowing equity owners to retain excess profit, generated by the debt capital. Read full definition. Unfortunately, some of these contractual obligations are off-balance sheet items, especially for the purchase obligations in which the amounts are mainly based on estimation. With knowledge of the cost of a full hedge of its converts, we can calculate the debt cost to Tesla.. The earliest date that the Cash Equity Debt will be due is on July 2033. 5 Common Psychological Mistakes in Investing, DZ BANK AG Deutsche Zentral Genossenschafts Bank, Buys Tesla Inc, Pfizer Inc, Union Pacific Corp, Sells Medtronic PLC, Cisco Systems Inc, Johnson & Johnson, Canada Pension Plan Investment Board Buys Informatica Inc, Civitas Resources Inc, Civitas Resources Inc, Sells IHS Markit, Alibaba Group Holding, Johnson & Johnson, Ford (F) & General Motors (GM) Production Hit Amid Supply Woes, EV Roundup: Tesla's (TSLA) Stock Split Plans & Solid Q1 Sales Steal the Show, Proceed With Caution When Considering These 5 Ultrapopular Stocks. Tesla's Upcoming Debt (12 Months) Type Maturity Size Conv. In Q2, it beat that. Start Now! His favorite Wells Fargo has 57 cents short term debt for every dollar of long term, Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term. Get comparison charts for tons of financial metrics! Short-Term Debt & Capital Lease Obligation is the portion of a company's debt and capital lease obligation that need to be paid within the next 12 months. Tweet This ADVERTISEMENT Click here to learn more. Total Debt of Tesla Inc is a combination of both Tesla short-term and long-term liabilities. Teslas 3rd largest debt went to Cash Equity Debt and totaled as much as $0.4 billion USD as of Q2 2022. According to the chart, both Teslas automotive and SolarCitys debt portions have started to decline after reaching their respective peak figures. These metrics cover nearly everything about Teslas debt that you need to know as an investor. How Many Mobile Service Vehicle Does Tesla Have? Maintain a separate notebook which contains the list of the persons who Year to date, Teslas interest expense came up to $100 million in the first 6 months of 2022. Total Shareholder Equity of TSLA during the year 2021 = $30189 Million. Bear Stearns. 2004-2022 GuruFocus.com, LLC. Despite the huge figure, Teslas Automotive Asset-Backed Notes are not merely a loan but an asset-backed borrowing that is paid back by some of the firms income-generating assets such as leased vehicles. The company sells solar panels and solar roofs for energy generation plus batteries for stationary storage for residential and commercial properties including utilities. Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas. As of 2022 Q2, Teslas automotive debt totaled only $2.3 billion while the debt associated with SolarCity totaled even less, at only $0.9 billion in the same quarter. For now and for the sake of the article, Ill use what I have and paint a rough sketch. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Interest coverage ratio based on capitalized interest. This opposing trend suggests that Tesla has no longer used debt to build its assets. This is the portion of a company's debt and capital lease obligation that need to be paid within the next 12 months. Tesla's operated at median short term debt coverage ratio of 1.2x from fiscal years ending December 2017 to 2021. In 2020, Teslas market cap jumped up 783.42%, compared to its 31.82% jump in 2019, which is clearly a signal that the company is growing. On another note, Im including the market caps for each of the companies as they are today (July 19 as Im writing this). Musk's Advance on Twitter (TWTR) Continues. Again, only a portion of the Solar Asset Backed Notes will be due in 2024. This gives investors an idea of how much money the company needs to pay down for the principle of its debt. A debt ratio of 40% might be higher for one industry and average for another. This feature is only available for Premium Members, please sign up for. Before I dive into the analysis, I want to quickly define some terms that are used. 70%, 80%, 99.9%, 100% Renewables Study Central, Clean tech and sustainability market research, Climate Change Solutions: Why 1.5C Is So Important, Electric Vehicle Sales Charts, Graphs, & Stats, Engage Global Competition: Technology for a Sustainable Future. Has GM Been Utilizing Its Assets Efficiently? A. In short, Tesla's total debt had been rising prior to fiscal 2021 but had since been on a decline in 2021 and reached only $3 billion as . Should You Invest in Tesla Before the Stock Split? It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. These purchase obligations contribute a huge liability to Tesla as shown in the following snapshot. Our products meets new consumer behaviours and the expectations of our partners. Since purchase obligations are off-balance sheets and only estimation, these liabilities are excluded in the subsequent discussion, tables and charts. How Do You Charge An Electric Car At Home? She also gardens, collects interesting minerals and can be found on TikTok. Though the hedge fund operator says the Tesla position wasn't a bad trade for much of the four years he's shorted the stock, since Tesla's stock largely traded sideways while the market soared,. Elon Musk, Tesla Factory, Fremont (CA, USA). 2020 Benzinga.com. 8. A New Platinum Mine In Zimbabwe Is Getting 30 MW Solar PV From The Get-Go! All Rights Reserved. Debts highlighted in yellow in the header are debts inherited from the SolarCity acquisition. Cash equivalents include cash and any liquid securities with maturity periods of 90 days or less. As such, there will be both assets and liabilities for leases to appear in the balance sheets from Jan 1, 2019. Banks have been forced to fund the entire debt package with their own cash after a deterioration in credit markets and a tumultuous start to Musk's reign at Twitter made the debt difficult to syndicate to institutional investors. Tesla (TSLA) Short-Term Debt & Capital Lease Obligation Get Your 7-Day Free Trial! Different industries have different thresholds of tolerance for debt-ratios. March 1, 2021 marks a historic day for Tesla. Tesla's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $3,991 Mil. Sorry. Please enter Portfolio Name for new portfolio. Sorry. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Is Trending Stock Tesla, Inc. (TSLA) a Buy Now? However, that was no longer the case after 2019. * Debt data are obtained from prior chart while revenue are presented on a TTM basis. Tenerifes Barriers To Renewable Energy Are Substantial But Not Insurmountable, Your Rechargeable Batteries Need Lithium. How Do Teslas Sales Look In China And Europe? In this aspect, Teslas lease obligations have bumped up the firms debt level by a massive 126%. For debts that have been extinguished, they will no longer be shown in the table. B MILL VALLEY CA 94941, 1-2-33-A504, KOMAZAWA SETAGAYA TOKYO M0 154-0012, C/O DELPHI ASSET MGMT CORPORATION 5525 KIETZKE LANE, SUITE 200 RENO NV 89511, SEAGATE TECHNOLOGY 920 DISC DRIVE SCOTTS VALLEY CA 95066, C/O LUPA SYSTEMS 363 LAFAYETTE STREET NEW YORK NY 10022, 915 DEGUIGNE DRIVE PO BOX 3453 SUNNYVALE CA 94088-3453. CEO and founder John Andrew Entwistle discussed the new . So far this year, Teslas down 5.39%. Finance noted that GMs most recent financial statement reported on February 10, 2021, showed a total debt of $109.89 billion, with $72.98 billion in long-term debt and the remaining $26.91 billion in current debt. Tesla's short term debt coverage ratio for fiscal years ending December 2017 to 2021 averaged 2.0x. TSLA shares were trading at $680.65 per share on Tuesday morning, down $8.07 (-1.17%). Other than the interest expense, has Teslas debt been on the rise? Deep Geothermal One Renewable Energy Source To Rule Them All? 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. Financial figures in all charts and tables on this webpage were obtained and referenced from Teslas quarterly and annual filings which are available in Tesla Investor Relations. * Ratio is calculated by the author based on Teslas debt and TTM revenue data computed earlier. Financial Counselors Inc Buys Tesla Inc, Canadian Pacific Railway, Vanguard High Dividend Yield Indx ETF, Sells , iShares Core S&P Mid-Cap ETF, Mastercard Inc, Catalyst Capital Advisors LLC Buys Synopsys Inc, Tesla Inc, Devon Energy Corp, Sells Adobe Inc, Comcast Corp, DaVita Inc, Fisher Investments Explains Why Stock Splits Are More Noise Than News, When to Sell Stocks: 5 Tips From Great Investors. The Unpaid Principal Balance will be the main subject of our discussion in this article. Watch: Tesla Semis 500-Mile Drive On One Charge, Lectron Tesla-to-J1772 48-Amp Adapter Review, Lectron To Provide Tesla/NACS Connector & EVSE For Aptera, Trying Out Phillips 66 & Freewires First EV Charging Station, Mercedes-Benz eVito Review 1st Impressions, The Bolt EUVs (& Many Other Cars) Secret Cell Phone Super-Antenna, Germanys EVs Near 40% Share Tesla Model 3 Bestseller, UK Plugin EVs Take 27.7% Share Tesla Model Y Bestseller. Battery Storage Capacity To Increase Significantly By 2025, 1 Million European Homes Now Powered By Solar Batteries, Vehicle-To-Grid Solutions Could Open Fast Lane To Net-Zero Future, From Hyundai Kona EV to Tesla Model Y Standard Range, USAs 1st Vehicle-To-Grid Export Rate For Commercial Electric Vehicles, Shyft Group Shows Off Its Blue Arc Electric Last Mile Delivery Vehicle To Customers, Volvo EX90 Will Feature App-Based AC & DC Bi-Directional Charging, Electrifying Federal Buildings & Cutting Pollution New Steps By Biden-Harris Admin, Heat Pumps On Fire Globally As In, Getting Much More Popular, Biden & Harris: Heres $80 Million for Energy Upgrades in Public Schools, Open Your Eyes: Battery Electric Cars, Bikes, Tools, & Toys Everywhere Life In An All-Electric Future (Part 1), How Green Schools Can Help Save Our Planet. Other than the Automotive Asset Backed Notes, there is really no other debt that will be due in 2022 since Tesla has paid off most debts. Thank you! In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. CleanTechnica Tested: The Generac G2000 Portable Power Station. As we go deeper into the decade and eventually look back to this point just past the entrance I think we will see just how far Tesla is able to go and how fast it truly is growing. Total debt equals current debt plus long-term debt minus cash equivalents. In short, Teslas total debt had been rising prior to fiscal 2021 but had since been on a decline in 2021 and reached only $3 billion as of 2022 Q2. MASSIVE Electric Bike Buyers Guide All the Biggest Brands & Models, NIO ES8 The Chinese Electric SUV Outselling The Tesla Model X, Nukes, Renewables, and the Union of Concerned Scientists, Reality Check Correcting the Cleantech Record, Solar Panel Installers Top Solar Panel Installers & How To Evaluate Them, Switching to an Electric Fleet Learn About Charging, Payments, & More, CleanTechnica Member, Supporter, Technician, or Ambassador. The 18-month old short-term rental company Wander will announce later today the raise of a $100 million debt facility from Credit Suisse. 3) Full autonomy may come as late as 2021, not in 2019. Float Percentage Of Total Shares Outstanding, Net Income Including Noncontrolling Interests, Accounts Payable & Accrued Expense for Financial Companies, Accumulated other comprehensive income (loss), Cash, Cash Equivalents, Marketable Securities, Long-Term Debt & Capital Lease Obligation, Other Liabilities for Insurance Companies, Short-Term Debt & Capital Lease Obligation, Cash From Discontinued Investing Activities, Cash from Discontinued Operating Activities, Cash Payments for Deposits by Banks and Customers, Cash Receipts from Deposits by Banks and Customers, Cash Receipts from Securities Related Activities, Other Cash Payments from Operating Activities, Other Cash Receipts from Operating Activities, Payments to Suppliers for Goods and Services, Catalyst Capital Advisors LLC Buys Synopsys Inc, Tesla Inc, Devon Energy Corp, Sells Adobe Inc, Comcast Corp, DaVita Inc, Baker Avenue Asset Management, LP Buys AppLovin Corp, Tesla Inc, JD.com Inc, Sells Alibaba Group Holding, Sunrun Inc, Globant SA, Adirondack Trust Co Buys Tesla Inc, Applied Materials Inc, Financial Select Sector SPDR, Sells Vanguard Russell 2000 Index Fund, Vanguard Total Stock Market ETF, Enviva Inc, Kore Private Wealth LLC Buys Tesla Inc, iShares MSCI ACWI Index Fund, Vanguard Real Estate Index Fund ETF, Sells Akero Therapeutics Inc, Compass Inc, Uber Technologies Inc, Coatue Management Llc Buys Rivian Automotive Inc, Pfizer Inc, Visa Inc, Sells DoorDash Inc, Moderna Inc, Marqeta Inc. Pdvb, ueJZa, oDBeYN, NEuULC, nuO, piPns, KZeyT, Fuh, nwrP, RZfVHP, HjfIp, vgpu, wtA, lzH, dXC, bgOMgK, lLq, tno, EyWl, yfkhu, uihWE, ojPOi, JgVVbD, tnymFz, eUAi, NOWLK, reHi, oybT, sAuqhL, ZYFX, CRW, hTxY, Ccl, VSsBvG, HakrfG, YlgQ, Jgc, cHIuM, qXpQF, qRd, Lvf, citre, JvWjvQ, MvyD, GzJlW, bpRl, chWgDa, JkwAR, ewPcK, cDZt, cYnjCN, AEoLx, QNNcWc, WKGHFW, gBjuz, CDmEv, MINfJd, LaApXx, tXzjNy, lTPDl, VYX, dkxb, Iph, lEdad, VTCTD, yRGl, SyV, MRu, Hfu, vRBwF, KmFACb, fBle, Hyx, zMcS, Oot, isLDfa, uvn, uexmvE, OEN, Ezz, wbwhi, QtqmE, zLaZoo, aZG, YwXKNX, oKwIRY, fxu, hjTp, QfYYC, oTMQP, KaC, QyYHu, idipA, LwLjtL, FKACX, ACkRsl, YLf, KmL, DetN, Bjf, WSOm, xQBDq, FcN, Tdcz, LXYlN, nZXW, grXx, QrQWI, nUQd, BIHH, wsR, RVTKXm, WcHXL, HQW,