Who Was the Most Indebted Among Global Car Producers in 2017?

Based on a comparison of 31 firms among Global Car Producers, Tesla Inc. had the biggest debt relative to its equity at the end of 2017 followed by Ferrari and Toyota Motor Corporation.

Tesla Inc. net debt reached EUR 6,147 mil. and accounted for 164% of equity at the end of 2017. The ratio is down 46.8% 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 1,773x at the end of the year. The ratio reached an all time high of 1,773x in 2017 and an all time low of -4.86x in 2015.

Comparing Tesla Inc. with its closest peers, Ferrari posted net debt to equity of 148% and 1.26x when compared to EBITDA at the end of 2017. Toyota Motor Corporation ended the year 2016 with a net debt at 72.3% of equity and 3.71x when compared to its EBITDA while BMW Group had net debt at 70.9% of equity and 2.27x to EBITDA at the end of the year.

You can see all the companies net debt/equity data on the Net Debt/Equity indicator page or you can download a special statistical dossier on the Global Car Producers in the reports section.