Tesla annual debt-to-equity ratio
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2025
Tesla Debt-to-Equity Ratio Growth & History (TSLA)
Tesla's debt-to-equity ratio was 0.16 for fiscal 2025.
View full Tesla company overviewTesla annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.16 | 0.01 | +3.49% |
| 2024 | 2024-12-31 | 0.15 | 0.03 | +27.53% |
| 2023 | 2023-12-31 | 0.12 | 0.02 | +14.60% |
| 2022 | 2022-12-31 | 0.11 | −0.15 | −58.95% |
| 2021 | 2021-12-31 | 0.26 | −0.26 | −50.03% |
| 2020 | 2020-12-31 | 0.52 | −1.48 | −74.13% |
| 2019 | 2019-12-31 | 2.00 | 0.09 | +4.45% |
| 2018 | 2018-12-31 | 1.91 | −0.31 | −14.06% |
| 2017 | 2017-12-31 | 2.22 | 0.99 | +80.28% |
| 2016 | 2016-12-31 | 1.23 | −0.63 | −33.89% |
| 2015 | 2015-12-31 | 1.86 | −0.13 | −6.51% |
| 2014 | 2014-12-31 | 1.99 | 1.09 | +119.29% |
| 2013 | 2013-12-31 | 0.91 | −2.83 | −75.69% |
| 2012 | 2012-12-31 | 3.74 | 2.49 | +199.29% |
| 2011 | 2011-12-31 | 1.25 | 0.90 | +256.59% |
| 2010 | 2010-12-31 | 0.35 | — | — |
Tesla quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.17 | 0.03 | +17.44% |
| Q1 2026 | 2026-03-31 | 0.17 | 0.03 | +17.50% |
| Q4 2025 | 2025-12-31 | 0.16 | 0.01 | +3.49% |
| Q3 2025 | 2025-09-30 | 0.15 | −0.00 | −2.16% |
| Q2 2025 | 2025-06-30 | 0.14 | −0.01 | −8.45% |
| Q1 2025 | 2025-03-31 | 0.15 | 0.03 | +21.59% |
| Q4 2024 | 2024-12-31 | 0.15 | 0.03 | +27.53% |
| Q3 2024 | 2024-09-30 | 0.15 | 0.03 | +22.93% |
| Q2 2024 | 2024-06-30 | 0.16 | 0.06 | +68.27% |
| Q1 2024 | 2024-03-31 | 0.12 | 0.02 | +25.12% |
| Q4 2023 | 2023-12-31 | 0.12 | 0.02 | +14.60% |
| Q3 2023 | 2023-09-30 | 0.12 | 0.00 | +1.03% |
| Q2 2023 | 2023-06-30 | 0.09 | −0.06 | −39.16% |
| Q1 2023 | 2023-03-31 | 0.10 | −0.08 | −43.82% |
| Q4 2022 | 2022-12-31 | 0.11 | −0.15 | −58.95% |
| Q3 2022 | 2022-09-30 | 0.12 | −0.21 | −62.74% |
| Q2 2022 | 2022-06-30 | 0.15 | −0.25 | −61.95% |
| Q1 2022 | 2022-03-31 | 0.17 | −0.31 | −64.36% |
| Q4 2021 | 2021-12-31 | 0.26 | −0.26 | −50.03% |
| Q3 2021 | 2021-09-30 | 0.33 | −0.44 | −56.93% |
| Q2 2021 | 2021-06-30 | 0.41 | −0.82 | −66.80% |
| Q1 2021 | 2021-03-31 | 0.48 | −0.85 | −63.76% |
| Q4 2020 | 2020-12-31 | 0.52 | −1.48 | −74.13% |
| Q3 2020 | 2020-09-30 | 0.77 | −1.38 | −64.30% |
| Q2 2020 | 2020-06-30 | 1.22 | −1.02 | −45.58% |
| Q1 2020 | 2020-03-31 | 1.33 | −1.13 | −46.02% |
| Q4 2019 | 2019-12-31 | 2.00 | 0.09 | +4.45% |
| Q3 2019 | 2019-09-30 | 2.14 | −0.00 | −0.02% |
| Q2 2019 | 2019-06-30 | 2.24 | −0.19 | −7.89% |
| Q1 2019 | 2019-03-31 | 2.46 | 0.50 | +25.20% |
| Q4 2018 | 2018-12-31 | 1.91 | −0.31 | −14.06% |
| Q3 2018 | 2018-09-30 | 2.14 | 0.11 | +5.46% |
| Q2 2018 | 2018-06-30 | 2.43 | 1.04 | +74.52% |
| Q1 2018 | 2018-03-31 | 1.97 | 0.54 | +37.35% |
| Q4 2017 | 2017-12-31 | 2.22 | 0.99 | +80.28% |
| Q3 2017 | 2017-09-30 | 2.03 | 1.12 | +123.10% |
| Q2 2017 | 2017-06-30 | 1.40 | 0.36 | +34.20% |
| Q1 2017 | 2017-03-31 | 1.43 | −1.13 | −44.02% |
| Q4 2016 | 2016-12-31 | 1.23 | −0.63 | −33.89% |
| Q3 2016 | 2016-09-30 | 0.91 | 0.89 | +4174.91% |
| Q2 2016 | 2016-06-30 | 1.04 | 1.02 | +4185.47% |
| Q1 2016 | 2016-03-31 | 2.56 | 2.53 | +10024.57% |
| Q4 2015 | 2015-12-31 | 1.86 | −0.13 | −6.51% |
| Q3 2015 | 2015-09-30 | 0.02 | −0.63 | −96.70% |
| Q2 2015 | 2015-06-30 | 0.02 | −0.62 | −96.26% |
| Q1 2015 | 2015-03-31 | 0.03 | −1.66 | −98.50% |
| Q4 2014 | 2014-12-31 | 1.99 | 1.09 | +119.29% |
| Q3 2014 | 2014-09-30 | 0.65 | −0.42 | −39.09% |
| Q2 2014 | 2014-06-30 | 0.65 | −0.29 | −31.26% |
| Q1 2014 | 2014-03-31 | 1.69 | −1.01 | −37.48% |
| Q4 2013 | 2013-12-31 | 0.91 | −2.83 | −75.69% |
| Q3 2013 | 2013-09-30 | 1.06 | — | — |
| Q2 2013 | 2013-06-30 | 0.94 | −6.11 | −86.63% |
| Q1 2013 | 2013-03-31 | 2.70 | 0.32 | +13.63% |
| Q4 2012 | 2012-12-31 | 3.74 | 2.49 | +199.29% |
| Q2 2012 | 2012-06-30 | 7.06 | 6.67 | +1723.57% |
| Q1 2012 | 2012-03-31 | 2.38 | — | — |
| Q4 2011 | 2011-12-31 | 1.25 | 0.90 | +256.59% |
| Q3 2011 | 2011-09-30 | 0.77 | — | — |
| Q2 2011 | 2011-06-30 | 0.39 | — | — |
| Q4 2010 | 2010-12-31 | 0.35 | — | — |
Tesla debt-to-equity ratio trends
Over the last five fiscal years, Tesla's debt-to-equity ratio decreased from 0.52 to 0.16, a change of −0.36. The latest reported quarter, Q2 2026, shows 0.17.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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