Nikola Balance Sheet Health
Financial Health criteria checks 5/6
Nikola has a total shareholder equity of $586.3M and total debt of $243.3M, which brings its debt-to-equity ratio to 41.5%. Its total assets and total liabilities are $1.2B and $565.9M respectively.
Key information
41.5%
Debt to equity ratio
US$243.34m
Debt
Interest coverage ratio | n/a |
Cash | US$349.71m |
Equity | US$586.28m |
Total liabilities | US$565.88m |
Total assets | US$1.15b |
Recent financial health updates
Recent updates
Nikola Corporation: Messy Picture Continues - Strong Sell (Rating Downgrade)
May 14Nikola Stock Surges Past $1 Milestone After Nearly 4 Months; Is It A Buy Now?
Apr 01Nikola Corporation: Weak 2024 Outlook With More Dilution Likely Ahead - Sell
Mar 01Earnings Release: Here's Why Analysts Cut Their Nikola Corporation (NASDAQ:NKLA) Price Target To US$2.33
May 11No Room For Nikola In Booming Industry
Oct 12Nikola turns positive on extension of exchange offer to acquire Romeo Power
Sep 27Nikola: It Needs More Than The Inflation Reduction Act
Aug 26Nikola gains amid vague takeover speculation
Aug 12Nikola: Bleeding Edge
Aug 04Financial Position Analysis
Short Term Liabilities: NKLA's short term assets ($469.3M) exceed its short term liabilities ($271.3M).
Long Term Liabilities: NKLA's short term assets ($469.3M) exceed its long term liabilities ($294.6M).
Debt to Equity History and Analysis
Debt Level: NKLA has more cash than its total debt.
Reducing Debt: NKLA's debt to equity ratio has increased from 2.3% to 41.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NKLA has sufficient cash runway for 8 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: NKLA is forecast to have sufficient cash runway for 9 months based on free cash flow estimates, but has since raised additional capital.