Tesla Inc.'s net debt stood at USD 7,151 mil and accounted for 108% of equity at the end of 2019. The ratio is down 60.2 pp compared to the previous year.
Historically, the firm’s net debt to equity reached a high of 308% in 2012 and a low of -33.7% in 2010 between 2009 and 2019. The average for the last five years was 129%.
Net debt to EBITDA was calculated at 2.99x at the end of the year. That is up from 16.9x seen in 2014. The ratio reached a high of 1,773x in 2017 and a low of -4.86x in 2015.
The company’s cost of funding amounted to 5.04% in 2019, up which is above the 5-year of 4.89%. Funding costs have “eaten” some 924% of the operating profit generated in 2019.