Q3/2023 Financials overview of Magnificent 7 and more - How is Tesla faring?
This summary is taken from a post by Twitter (X) user TeslaboomerMama. This provides a good summary of some of the leading global companies. Items covered included country of origin, market cap (as of 10 Nov 2023), Cashflow from Operations (USD), cash to debt ratio, Debt to equity, Debt to EBITDA, Debt to revenue, Altman Z-Score and Rating from both S&P and Moody’s. How we should interpret these data: A healthy cash-to-debt ratio would generally fall between 1.0 and 2.0 , with anything above 2.0 being considered very strong. This indicates that the company has more than enough operational cash flow to cover its total debt. (Carbon Collective ) The optimal D/E ratio varies by industry, but it should not be above a level of 2.0. A D/E ratio of 2 indicates the company derives two-thirds of its capital financing from debt and one-third from shareholder equity. ( Investopedia ) Generally, net debt-to-EBITDA ratios of less than 3 are considered acceptab...