Tesla Inc.'s net debt reached USD 3,346 mil and accounted for 70.4% of equity at the end of 2016. The ratio is down 46.6% when compared to the previous year.
Historically, the firm’s net debt to equity reached an all time high of 308% in 2012 and an all time low of -33.7% in 2010.
When compared to EBITDA, net debt amounted to 12.0x at the end of the year. The ratio reached an all time high of 16.9 in 2014 and an all time low of -4.86 in 2015.
As far as Tesla Inc.'s peers are concerned, Audi Group posted net debt to equity of -42.0%x and -1.71x when compared to EBITDA at the end of 2016..