Elon Musk is the Technoking of Tesla and has served as our Chief Executive Officer since October 2008 and as a member of the Board since April 2004. Tesla, Inc. (TSLA) had Inventory Turnover of 6.07 for the most recently reported fiscal year, ending 2020-12-31. 2020 2019 2018 2017 2016 5-year trend; Sales/Revenue: 31,536: 24,578: 21,461: 11,759: 7,000 S&P 500: How Much $10,000 Invested In Tesla Stock 10 Years ... Unlike the times interest earned ratio, . Tim's overall interest expense for the year was only $50,000. Model 3 comes with the option of dual motor all-wheel drive, 20" Überturbine Wheels and Performance Brakes and lowered suspension for total control, in all weather conditions. Most of Elon Musk's wealth comes from Tesla, as he's the major shareholder for the company. Check out why Policy Bazaar share price is up today. Nasdaq 100. Current liabilities are best paid with current assets like cash, cash equivalents, and . Find out all the key statistics for Tesla, Inc. (TSLA), including valuation measures, fiscal year financial statistics, trading record, share statistics and more. If your company has no debt requiring an interest payment, the cash coverage ratio is not useful. Current ratio. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. Times Interest Earned Ratio = 5 times. The formula to calculate the ratio is: Where: Earnings Before Interest & Taxes (EBIT) - represents profit that the business has realized, without factoring in interest or tax payments. This table contains critical financial ratios such as Price-to-Earnings (P/E Ratio), Earnings-Per-Share (EPS), Return-On-Investment (ROI) and others based on Tesla Inc's latest . Interest Coverage Ratio: Step 1: EBIT Value is noted. Insiders at Tesla own 25.0 % of the company. The interest coverage ratio (ICR) is a measure of a company's ability to meet its interest payments. Tesla Inc. current ratio improved from 2018 to 2019 and from 2019 to 2020. Current ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations. Times interest earned (TIE) is a measure of a company's ability to honor its debt payments. When Kantar Media TGI studied luxury car owners for the New York Times, the average income was about $100,000, but that average ranged from $83,891 to $155,548, by state! Fiscal year is January-December. The most recent insider tranaction occured on December, 28th when CEO Elon Musk sold 10,655 shares worth more than $11,865,301.45. 2020. Tesla Net Income Per Employee is projected to increase significantly based on the last few years of reporting. Over the past roughly 10 years, Tesla's market value soared $1 trillion to hit $1.01 trillion. the resulting ratio is 2:1, which means that the company's income is twice as great as its fixed costs. Financial Performance Analysis Based on Profitability Ratio . Pfizer Inc. interest coverage ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020. They sold a total of 4,565,282 shares worth more than $4,700,910,401.40. The times interest earned ratio is calculated as follows: the corporation's income before interest expense and income tax expense divided by its interest expense. Thus, based on the Times Interest Earned ratio of Tesla, it has been found that over the four years, the margin has increased, specifically after being negative for 2017 and 2018 consecutively. +28.98 (+2.79%) Reply. Fixed-charge . Yet the 500,000 cars it sold in 2020 were a sliver of more than 70 million . Number of U.S. listed companies included in the calculation: 3768 (year 2020) . The company's almost $700 billion market cap resulted in a jaw-dropping P/E ratio over 1,275x. A short interest ratio of 10 or greater indicates strong pessimism about a stock. TIE = ($12,438,000/$575,000) = 21.6313 times GM time interest earned ratio for the year ended 31 st December 2018. And a carbon fiber spoiler improves stability at high speeds, all allowing Model 3 to accelerate from 0-100 km/h* in as little as 3.3 seconds. Updated November 17, 2020 Save as PDF. The higher the ratio, the more leveraged the company in its use of debt and other liabilities to finance assets. It is calculated as a company's earnings before interest and taxes (EBIT) divided by the total interest payable. The result implies that the stock velocity is 3 times i.e. On August 12, 2020, Tesla announced a 5-for-1 stock split, which will take effect on August 31, 2020. It marks the company's fifth straight quarter of profitability though. $2 million of annual depreciation expense. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities.Tesla's current ratio for the quarter that ended in Sep. 2021 was 1.39.. Tesla has a current ratio of 1.39. Times Interest Earned Ratio 49.71 31.09 16.02 39.63. Debt ratio formula is = Total Liabilities / Total Assets = $110,000 / $330,000 = 1/3 = 0.33. Jan 27, 2021, 6:30 p.m. $5 million of annual EBITDA. The Reserve Bank of India recently asked banks to review various financial parameters of their borrowers, including interest coverage ratio, in order to frame an appropriate policy for making provisions for standard assets at a higher level than the rules require.ET explains the concept: 1.What is interest coverage ratio (ICR)? View TSLA financial statements in full. Due to increase of ebitda by 46.78% . The past year's Net Income Per Employee was at 9,146. Nasdaq 100. However, Tesla's interest expense remained flat at $690 million on a TTM basis between 2019 and 2020. Answer (1 of 4): If a company has negative earnings before interest and taxes the ration is negative. Also known as the "Interest Coverage Ratio." Read full definition. The times interest earned (TIE) ratio is a measure of a company's ability to meet its debt obligations based on its current income. This is because it determines a company's capacity to pay for interest and debt services. Interpretation: this measures the number of times that a company's EBIT could cover its interest payments. Step 2: Interest Expense value is noted. In terms of past six-month performance, NIO is the clear winner with 679.9% gains compared to TSLA's 242.1% returns. PE Ratio: 357.93 PE Ratio (Forward) Upgrade: PE Ratio (Forward 1y) Upgrade: PS Ratio: 26.74 PS Ratio (Forward) Upgrade: PS Ratio (Forward 1y) Upgrade: Price to Book Value: 41.06 Price to Free Cash Flow: Upgrade Quick ratio. The average S&P 500 [.SPX] chief executive made $15.5 million last year, 299 times the pay of the median worker and a higher ratio than in 2019, the top American labor union said on Wednesday, as . Here, for the fiscal year that ended in Dec. 2020, Tesla's Interest Expense was $-748 Mil. On average, this is an average annual growth rate for revenues of approximately 46.8%. 3  It will be . While Interest coverage ratio total ranking has impoved so far to 1143, from total ranking in previous quarter at 1408. Ratio: Interest coverage ratio Measure of center: Hence, the times' interest earned ratio is 5 times for XYZ. So, the inventory turnover ratio will be = Rs. This page was last updated on 1/1/2022 by MarketBeat.com Staff. If a company had earnings before interest expense and income taxes of $2,800,000 and Interest expense of $400,000, the times interest earned ratio is _____. Tim's time interest earned ratio would be calculated like this: As you can see, Tim has a ratio of ten. Fiscal year is January-December. Tesla's Debt. A liquidity ratio calculated as current assets divided by current liabilities. From an investor or creditor's perspective, an organization that has a times interest earned ratio greater than 2.5 is considered an acceptable risk. All values USD Millions. By 2019, Tesla's P/S ratio had fallen to just . 201 8. Times Interest Earned Definition. $1037.86. +19.43 (+1.91%) CLOSED AT 4:00 PM ET ON Oct 27, 2021. EBIT is the Earnings before Interests and taxes value. Ten years of annual and quarterly financial ratios and margins for analysis of Tesla (TSLA). Policy Bazaar share price live updates on The Economic Times. this ratio using the averages of the balance sheet accounts to facilitate our ratio decomposition. For example a. While general motor posts a price-to-earnings ratio of about 14, Tesla's price-to-earnings ratio is a whole 350, which traditional investors find to be very abnormal. . Ford Motor's interest coverage ratio for fiscal years ending December 2016 to 2020 averaged 3.1x. Now calculate each of the 5 ratios outlined above as follows: Debt/Assets. It indicates the ability of a firm to service the debt and repay . From July 2019 to June 2020, Tesla recorded four profitable quarters in a row for the first time, which made it eligible for inclusion in the S&P 500. Fixed charge coverage ratio: A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Get detailed Policy Bazaar stock price news and analysis, Dividend, Bonus Issue, Quarterly results information, and more. In America the ratio in November 2020 was 33, above its level earlier in the year (see chart 2). General Motors's interest coverage ratio hit its five-year low in December 2020 of 7.8x. Looking back at the last five years, General Motors's interest coverage ratio peaked in December 2016 at 18.8x. afi123 . TSLA Ratios. Tesla Net Income Per Employee is projected to increase significantly based on the last few years of reporting. › Target-Date 2020 › Target-Date 2025 › Target-Date 2030 › Target-Date 2035 › Target-Date 2040 › Target-Date 2045 › Target-Date 2050 › Target-Date 2055 › Target-Date 2060+ Allocation Funds ›› According to the chart above, Tesla's interest expense has indeed been rising on a TTM basis prior to 2019. Calculated as: Cost of Goods Sold / Total Inventory. Calculation: EBIT / Interest expenses. Ford Motor's interest . Elon Musk has made most of his money by investing in ideas and companies he is passionate about. ABC is scheduled to pay $1,500,000 in interest expenses in the coming year. Shareholders would have earned 0% gains as valuations caught up. Interest coverage ratio: A solvency ratio calculated as EBIT divided by interest payments. The working capital ratio is important to creditors because it shows the liquidity of the company. ET. The company. Why Inventory Turnover Ratio is important? The past year's Net Income Per Employee was at 9,146. Interest coverage ratio - breakdown by industry. 7 Another type of leverage ratio that indicates the portion of a company's assets that are funded by equity is the equity _____. A D/E ratio of more than 1 implies that the company is a leveraged firm; less than 1 implies that it is a conservative one. Benchmark: PG, HA, ROT (minimal 2-4) CFO to interest = While NIO gained 1058.2% over this period, TSLA returned 676.8%. 28.75% based on cash flow. Only twice before has the ratio exceeded 30 in America—the late 1920s and the early 2000s. Time Interest earning ratio = (EBIT/Interest) GM time interest earned ratio for the year ended 31 st December 2017. Within Consumer Discretionary sector 67 other companies have achieved higher interest coverage ratio. In 2016, Tesla ended the year with $6.3 billion in revenues. After eBay acquired PayPal for $1.5 billion in 2002, Musk used his personal wealth to fund his new ventures: Tesla and SpaceX. 43.33% based on next year's estimates. Tesla current ratio for the three months ending September 30, 2021 was 1.39 . Tesla Inc. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. During the last year, insiders at the electric vehicle producer sold shares 65 times. A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. This is the regular interest payments by a company. The fixed charge coverage ratio is then calculated as $150,000 plus $100,000, or $250,000, divided by $25,000 plus $100,000, or $125,000. Long term debt ratio—also known as long term debt to total assets ratio—is often calculated yearly, as most business balance sheets come out once in every fiscal year. This means that Tim's income is 10 times greater than his annual . Learn More on a good short interest ratio for NIO 4,50,000 / 1,50,000 = 3 times. Tesla Inc 's interest coverage sequentially grew to 8.55, a new company high. Interest Coverage Ratio; Computation: EBIT/interest payments. Calculating the Times Interest Earned Ratio For the most recent year, Back Alley Boys, Inc., had sales of $250,000, cost of goods sold of $80,000, depreciation expense of $27,000, and additions to retained earnings of $33,360. Mr. Musk has also served as Chief Executive Officer, Chief Technology Officer and Chairman of Space Exploration Technologies Corporation, an advanced rocket and spacecraft manufacturing and services company ("SpaceX"), since May 2002, and . TSLA earnings call for the period ending December 31, 2020. A higher times interest earned ratio is favorable because it means that the company presents less of a risk to investors and creditors in terms of solvency. Times Interest Earned Definition. 2020-- June 30, 2020-- March 31, 2020-- . Example #2. 201 9. The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. Reviewed by . But people don't generally talk about negative ratios in my experience. The dividend payout ratio for SJM is: 56.65% based on the trailing year of earnings. The $1 Trillion Company In The S&P 500. Tesla (TSLA) Amazon (AMZN) AMD (AMD) . Tesla, Inc. Common Stock (TSLA) Nasdaq Listed. Step 3: The values are applied in the below to get the Interest coverage ratios calculated. View Times Interest Earned (TTM) for TSLA. However, TSLA has gained 51.2% over the past month, while NIO returned 11.8%. -7.82 (-0.64%) DATA AS OF Nov 05, 2021. A higher ratio indicates stronger solvency. Tim's income statement shows that he made $500,000 of income before interest expense and income taxes. The times interest earned ratio is an indicator of a corporation's ability to meet the interest payments on its debt. Price per share as of December 14, 2018, ~ $165.48. Data is currently not available. All values USD Millions. Looking back at the last five years, Ford Motor's interest coverage ratio peaked in December 2017 at 5.5x. The magnitude of Tesla's boom is almost difficult to fathom. Receivable Turnover Ratio Comment: Tesla Inc Receivable turnover ratio sequentially improved to 23.82, above company average.Average receivable collection period, for the Tesla Inc in Sep 30 2021 quarter, has decreased to 15 days, compare to 17 days, in the Jun 30 2021 quarter. Tesla's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as Its Operating Income was $1,994 Mil. Image source: The Motley Fool. A low TIE ratio means fewer earnings are available to pay debt interest. Data is currently not available. The Times Interest Earned Ratio Calculator is used to calculate the times interest earned (TIE) ratio. The average luxury car owner has an average income of around $100,000 (2014), but many Tesla owners are in California where the cost of living is higher than average. It is calculated as a company's earnings before interest and taxes (EBIT) divided by the total interest payable. EBIT is sometimes called Operating Income. $1222.09. More about interest coverage ratio. TSLA Ratios. Based on this information, ABC has the following cash coverage ratio: ($1,200,000 EBIT + $800,000 Depreciation) ÷ $1,500,000 Interest Expense. Tesla's lofty stock performance-- up 743% in 2020 -- makes it one of the most valuable US companies in the world. Add to Portfolio. Both Tesla and NIO have generated significant returns year-to-date. Imagine a business with the following financial information: $50 million of assets. 2020 2019 2018 2017 2016 5-year trend; Sales/Revenue: 31,536: 24,578: 21,461: 11,759: 7,000 According to the Tesla's 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 . General Motors's operated at median interest coverage ratio of 9.6x from fiscal years ending December 2016 to 2020. 3 times the stock of finished goods is been converted into sales. The following is a comparison between GM motors and Tesla TIE ratios. Times interest earned ratio = 600,000/10,000 = 60 times. Tesla ( TSLA 4.24% ) Q4 2020 Earnings Call. Ford Motor's operated at median interest coverage ratio of 4.1x from fiscal years ending December 2016 to 2020. Add to Watchlist. Traditional investors have stayed away from Tesla because their valuation doesn't make sense compared to their competitors in the automotive industry. $25 million of equity. The Times Interest Earned ratio can be calculated by dividing a company's earnings before interest and taxes (EBIT) by its periodic interest expense. Definition: The working capital ratio, also called the current ratio, is a liquidity ratio that measures a firm's ability to pay off its current liabilities with current assets. They talk about a "burn rate," which measures how many months a company that has negative cash flow can last. TSLA has a weak operating margin of 2.79%. Times Interest Earned (TTM) Range, Past 5 Years. . Leverage ratio example #1. In certain ways, the times interest ratio is understood to be a solvency ratio. The Times Interest Earned Ratio Calculator is used to calculate the times interest earned (TIE) ratio. The calculation reveals that ABC can pay for its interest expense, but has very little cash left for any other payments. To know whether this proportion between total liabilities and total assets is healthy or not, we need to see similar companies under the same industry. DHFL, one of the listed companies, has been losing its market capitalization in recent years as its share price has started deteriorating, and from the average price of 620 per share, it has come down to 49 per share market price. That year, its P/S ratio stood at 14.0x, a princely sum for a money-losing startup. The times interest earned ratio is also known as the interest coverage ratio and it's a metric that shows how much proportionate earnings a company can spend to pay its future interest costs.. Current and historical current ratio for Tesla (TSLA) from 2009 to 2021. Take Income before interest and taxes (IBIT) / Interest Expenses (Sales - Cost of Goods Sold - Other Operating Expenses) = IBIT / Interest Expense 2017: (568,576 - 346,831 - 176,259) / 9,666 = 4.7 Times Interest Earned The firm currently has 20,000 shares of common . Thus, we can calculate the year-on-year results of a company's long-term debt ratio to determine the leverage trend. Higher fixed cost ratios indicate that a business is healthy and further investment or loans are less risky. PE Ratio is Calculated Using Formula Figure 4 Debt Ratios of Starbucks. Tesla issued US$2 billion of new shares on February 18, 2020. . It indicates a potential risk of debt default. Benchmark: EB (optimal capital structure), PG, HA Times interest earned (TIE) = EBIT Interest expense Ability to meet interest payments as they mature. TSLA revenue decreased -0.74% Quarter-on-quarter. Ali, M., 2020. It's astronomical compared to Ford's 20x-30x P/E ratio range. Tesla Revenue Growth. $1066.84. Tesla Times Interest Earned (TTM) Times Interest Earned (TTM) Chart. Thus, in the fiscal year 2020 (ending Jan. 1, 2020) Walmart's cash flow-to-debt ratio was 0.58, meaning its annual current cash flow from operations could pay 58% of its debt. And its Long-Term Debt & Capital Lease Obligation was $10,861 Mil. Failure to grow revenue could indicate a weakened demand for a product or service. Inventory Turnover: A ratio showing how many times a company's inventory is sold and replaced over a period. Times Interest Earned = EBIT ÷ Interest Expense Measures the number of times interest expense is converted to income, and if the company can pay its interest expense using the profits generated. The company's third quarter 2020 revenue was $8.77 billion, on which it earned $331 million. Tesla, Inc. Common Stock (TSLA) Nasdaq Listed. This table contains critical financial ratios such as Price-to-Earnings (P/E Ratio), Earnings-Per-Share (EPS), Return-On-Investment (ROI) and others based on Tesla Inc's latest . The ratio of Boom Company is 0.33. Transcribed image text: Tesla, Inc. Consolidated Balance Sheets (in millions, except per share data) December 31, 2020 December 31, 2019 S 19,384 1,886 4,101 1,346 26,717 3,091 5,979 12,747 1.558 313 207 1,536 52,148 6,268 1,324 3,552 959 12,103 2,447 6,138 10,396 1,218 339 198 1,470 34,309 S S $ Assets Current assets Cash and cash equivalents Accounts receivable, net Inventory Prepaid . The current year Average Assets is expected to grow to about 6.8 B, whereas Revenue Per Employee is forecasted to decline to about 344.6 K. TSLA has a weak times-earned-interest-ratio of 0.95. 46.05% based on this year's estimates. $20 million of debt. Annual Earnings per share for year ended Sept 30,2018 = $11.91. The larger the times interest earned ratio, the more likely that . 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