- Compute the Current Ratio, Quick Ratio, Times Interest Earned Ratio, and Liabilities-to-Equity Ratio for both Tesla and Toyota.
- Which company is more liquid? How do you know?
- Which company is more solvent? How do you know?
- Look at the trend of how the ratios have changed for the years presented in the financial statements of your main chosen company what does this tell you about solvency and liquidity? I.e., are they more or less liquid and solvent than the previous year?
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 expenses and other current assets Total current assets Operating lease vehicles, net Solar energy systems, net Property, plant and equipment, net Operating lease right-of-use assets Intangible assets, net Goodwill Other non-current assets Total assets Liabilities Current liabilities Accounts payable Accrued liabilities and other Deferred revenue Customer deposits Current portion of debt and finance leases Total current liabilities Debt and finance leases, net of current portion Deferred revenue, net of current portion Other long-term liabilities Total liabilities Commitments and contingencies (Note 16) Redeemable noncontrolling interests in subsidiaries Convertible senior notes (Note 12) Equity Stockholders' equity Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding Common stock; $0.001 par value: 2,000 shares authorized; 960 and 905 shares issued and outstanding as of December 31, 2020 and December 31, 2019, respectively (1) Additional paid-in capital (1) Accumulated other comprehensive income (loss) Accumulated deficit Total stockholders' equity Noncontrolling interests in subsidiaries Total liabilities and equity 6,051 3,855 1,458 752 2,132 14,248 9,556 1,284 3,330 28,418 3,771 3,222 1,163 726 1,785 10,667 11,634 1,207 2,691 26,199 643 604 51 1 27,260 363 (5,399) 22,225 850 52,148 1 12,736 (36) (6,083) 6,618 849 34,309 S Transition date April 1, 2019 March 31, 2020 March 31, 2021 Assets 3,602,805 2,954,617 6,657,367 2,640,392 2,731,040 84,574 507,654 19,178,450 4,098,450 2,648,360 6,621,604 2,143,602 2,533,892 237,609 679,804 18,963,320 5,100,857 2,958,742 6,756,189 4,215,457 2,888,028 112,458 745,070 22,776,800 3,467,242 10,281,028 7,769,740 4,297,564 10,417,797 7,901,517 4,160,803 12,449,525 9,083,914 Current assets Cash and cash equivalents Trade accounts and other receivables Receivables related to financial services Other financial assets Inventories Income tax receivable Other current assets Total current assets Non-current assets Investments accounted for using the equity method Receivables related to financial services Other financial assets Property, plant and equipment Land Buildings Machinery and equipment Vehicles and equipment on operating leases Construction in progress Total property, plant and equipment, at cost Less - Accumulated depreciation and impairment losses Total property, plant and equipment, net Right of use assets Intangible assets Deferred tax assets Other non-current assets Total non-current assets Total assets 1,359,271 4,833,278 11,956,773 6,139,163 656,067 24,944,551 (14,260,446) 10,684,105 396,830 908,737 446,383 283,889 34,237,955 53,416,405 1,318,964 4,741,451 11,979,449 5,928,833 517,460 24,486,156 (13,952,141) 10,534,016 337,335 1,000,257 326,364 194,192 35,009,043 53,972,363 1,345,037 4,999,206 12,753,951 6,203,721 675,875 25,977,791 (14,566,638) 11,411,153 390,144 1,108,634 336,224 549,942 39,490,339 62,267,140 Yen in millions Transition date April 1, 2019 March 31, 2020 March 31, 2021 3,856,133 9,701,813 1,350,252 475,302 321,316 1,769,514 1,008,032 18,482,362 3,498,029 9,906,755 1,256,794 538,740 212,276 1,552,970 1,176,645 18,142,209 4,045,939 12,212,060 1,397,140 763,875 350,880 1,482,872 1,207,700 21,460,466 Liabilities Current liabilities Trade accounts and other payables Short-term and current portion of long-term debt Accrued expenses Other financial liabilities Income taxes payable Liabilities for quality assurance Other current liabilities Total current liabilities Non-current liabilities Long-term debt Other financial liabilities Retirement benefit liabilities Deferred tax liabilities Other non-current liabilities Total non-current liabilities Total liabilities Shareholders' equity Common stock Additional paid-in capital Retained earnings Other components of equity Treasury stock Total Toyota Motor Corporation shareholders' equity Non-controlling interests Total shareholders' equity Total liabilities and shareholders' equity 11,342,315 189,957 1,002,710 1,227,292 516,560 14,278,833 32,761,195 11,434,219 360,588 1,022,161 1,198,005 476,169 14,491,142 32,633,351 13,447,575 323,432 1,035,096 1,247,220 465,021 16,518,344 37,978,811 397,050 487,162 20,613,776 1,016,035 (2,606,925) 19,907,100 748,110 20,655,210 53,416,405 397,050 489,334 22,234,061 585,549 (3,087,106) 20,618,888 720,124 21,339,012 53,972,363 397,050 497,275 24,104,176 1,307,726 (2,901,680) 23,404,547 883,782 24,288,329 62,267,140 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 expenses and other current assets Total current assets Operating lease vehicles, net Solar energy systems, net Property, plant and equipment, net Operating lease right-of-use assets Intangible assets, net Goodwill Other non-current assets Total assets Liabilities Current liabilities Accounts payable Accrued liabilities and other Deferred revenue Customer deposits Current portion of debt and finance leases Total current liabilities Debt and finance leases, net of current portion Deferred revenue, net of current portion Other long-term liabilities Total liabilities Commitments and contingencies (Note 16) Redeemable noncontrolling interests in subsidiaries Convertible senior notes (Note 12) Equity Stockholders' equity Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding Common stock; $0.001 par value: 2,000 shares authorized; 960 and 905 shares issued and outstanding as of December 31, 2020 and December 31, 2019, respectively (1) Additional paid-in capital (1) Accumulated other comprehensive income (loss) Accumulated deficit Total stockholders' equity Noncontrolling interests in subsidiaries Total liabilities and equity 6,051 3,855 1,458 752 2,132 14,248 9,556 1,284 3,330 28,418 3,771 3,222 1,163 726 1,785 10,667 11,634 1,207 2,691 26,199 643 604 51 1 27,260 363 (5,399) 22,225 850 52,148 1 12,736 (36) (6,083) 6,618 849 34,309 S Transition date April 1, 2019 March 31, 2020 March 31, 2021 Assets 3,602,805 2,954,617 6,657,367 2,640,392 2,731,040 84,574 507,654 19,178,450 4,098,450 2,648,360 6,621,604 2,143,602 2,533,892 237,609 679,804 18,963,320 5,100,857 2,958,742 6,756,189 4,215,457 2,888,028 112,458 745,070 22,776,800 3,467,242 10,281,028 7,769,740 4,297,564 10,417,797 7,901,517 4,160,803 12,449,525 9,083,914 Current assets Cash and cash equivalents Trade accounts and other receivables Receivables related to financial services Other financial assets Inventories Income tax receivable Other current assets Total current assets Non-current assets Investments accounted for using the equity method Receivables related to financial services Other financial assets Property, plant and equipment Land Buildings Machinery and equipment Vehicles and equipment on operating leases Construction in progress Total property, plant and equipment, at cost Less - Accumulated depreciation and impairment losses Total property, plant and equipment, net Right of use assets Intangible assets Deferred tax assets Other non-current assets Total non-current assets Total assets 1,359,271 4,833,278 11,956,773 6,139,163 656,067 24,944,551 (14,260,446) 10,684,105 396,830 908,737 446,383 283,889 34,237,955 53,416,405 1,318,964 4,741,451 11,979,449 5,928,833 517,460 24,486,156 (13,952,141) 10,534,016 337,335 1,000,257 326,364 194,192 35,009,043 53,972,363 1,345,037 4,999,206 12,753,951 6,203,721 675,875 25,977,791 (14,566,638) 11,411,153 390,144 1,108,634 336,224 549,942 39,490,339 62,267,140 Yen in millions Transition date April 1, 2019 March 31, 2020 March 31, 2021 3,856,133 9,701,813 1,350,252 475,302 321,316 1,769,514 1,008,032 18,482,362 3,498,029 9,906,755 1,256,794 538,740 212,276 1,552,970 1,176,645 18,142,209 4,045,939 12,212,060 1,397,140 763,875 350,880 1,482,872 1,207,700 21,460,466 Liabilities Current liabilities Trade accounts and other payables Short-term and current portion of long-term debt Accrued expenses Other financial liabilities Income taxes payable Liabilities for quality assurance Other current liabilities Total current liabilities Non-current liabilities Long-term debt Other financial liabilities Retirement benefit liabilities Deferred tax liabilities Other non-current liabilities Total non-current liabilities Total liabilities Shareholders' equity Common stock Additional paid-in capital Retained earnings Other components of equity Treasury stock Total Toyota Motor Corporation shareholders' equity Non-controlling interests Total shareholders' equity Total liabilities and shareholders' equity 11,342,315 189,957 1,002,710 1,227,292 516,560 14,278,833 32,761,195 11,434,219 360,588 1,022,161 1,198,005 476,169 14,491,142 32,633,351 13,447,575 323,432 1,035,096 1,247,220 465,021 16,518,344 37,978,811 397,050 487,162 20,613,776 1,016,035 (2,606,925) 19,907,100 748,110 20,655,210 53,416,405 397,050 489,334 22,234,061 585,549 (3,087,106) 20,618,888 720,124 21,339,012 53,972,363 397,050 497,275 24,104,176 1,307,726 (2,901,680) 23,404,547 883,782 24,288,329 62,267,140
