Nikola Corporation
WBAG:NKL2 Stock Report
Nikola Balance Sheet Health
Financial Health criteria checks 5/6 Nikola has a total shareholder equity of $379.2M and total debt of $310.6M, which brings its debt-to-equity ratio to 81.9%. Its total assets and total liabilities are $1.0B and $656.8M respectively.
Key information
81.9%
Debt to equity ratio
Interest coverage ratio n/a Cash US$200.45m Equity US$379.25m Total liabilities US$656.80m Total assets US$1.04b
Recent financial health updates
Nikola Corporation Receives Non-Compliance Notice from Nasdaq Jan 20 Nikola May Do Reverse Stock Split to Comply with Nasdaq Rules Jun 02
Nikola Corporation Receives Non-Compliance Notice From Nasdaq May 26
Show all updates Nikola Corporation has filed a Follow-on Equity Offering in the amount of $237.591694 million.
Nikola Corporation to Report Q3, 2024 Results on Oct 31, 2024 Oct 04
Nikola Corporation Appoints Thomas "Tom" Schmitt as Chief Commercial Officer Aug 28
Nikola Corporation to Report Q2, 2024 Results on Aug 09, 2024 Jul 10 Nikola Corporation has filed a Follow-on Equity Offering in the amount of $95 million. May 08
Nikola Corporation, Annual General Meeting, Jun 05, 2024 Apr 26
Nikola Corporation to Report Q1, 2024 Results on May 07, 2024 Apr 05
Nikola Corporation Names Thomas B. Okray as Chief Financial Officer Mar 05
Nikola Corporation Appoints Stephen J. Girsky as Principal Financial Officer and Principal Accounting Officer Feb 24
Nikola Corporation Appoints Carla Tully to Its Board of Directors Feb 16
Nikola Corporation Announces Executive Changes, Effective February 5, 2024 Feb 03
Nikola Corporation to Report Q4, 2023 Results on Feb 22, 2024 Jan 24
Nikola Corporation Receives Non-Compliance Notice from Nasdaq Jan 20
Nikola Corporation Appoints Jonathan Pertchik Joins to its Board of Directors Dec 15 Nikola Corporation has completed a Follow-on Equity Offering in the amount of $100.000001 million. Dec 08
Nikola Corporation has filed a Follow-on Equity Offering in the amount of $100 million.
Nikola Corporation Announces Resignation of Anastasiya “Stasy” Pasterick as Chief Financial Officer Nov 19
Nikola Corporation Announces Resignation of Anastasiya “Stasy” Pasterick as Chief Financial Officer Nov 18
Rosen Law Firm Files Class Action Lawsuit Against Nikola Corporation Oct 18
Rosen Law Firm Files Class Action Lawsuit Against Nikola Corporation Oct 17
Nikola Corporation to Report Q3, 2023 Results on Nov 02, 2023 Oct 10
Nikola Corporation Appoints Joseph S. Cappello to Serve as the President of Energy, Effective September 25, 2023 Sep 22
Nikola Corporation Appoints Mary Chan as Chief Operating Officer Effective October 9, 2023 Sep 19 Nikola Corporation announced that it has received funding from Innovative Trailer Design Industries Inc. Sep 16
Nikola Corporation Names John Vesco as Its New Director Sep 02
Nikola Corporation Announces Executive Changes Aug 25
Nikola Corporation Announces Resignation of Carey Mendes as President, Energy Aug 19
Nikola Corporation Announces Voluntary Recall of Approximately 209 Class 8 Tre Battery-Electric Vehicles Aug 18 Nikola Corporation Announces CEO Changes
Nikola Corporation to Report Q2, 2023 Results on Aug 04, 2023 Jul 06 IVECO S.p.A. completed the acquisition of 50% stake in Nikola Iveco Europe Gmbh from Nikola Corporation (NasdaqGS:NKLA) Nikola May Do Reverse Stock Split to Comply with Nasdaq Rules Jun 02
Nikola Corporation Receives Non-Compliance Notice From Nasdaq May 26
Director recently sold €236k worth of stock May 17
Iveco Group N.V. (BIT:IVG) entered into binding terms sheet to acquire remaining 50% stake in Nikola Iveco Europe Gmbh for approximately 214 million. May 10
Now 21% undervalued after recent price drop May 09
Now 24% undervalued after recent price drop Apr 14
High number of new and inexperienced directors Apr 13
Nikola Launches First Hydrogen Fuel Cell Truck Mobile Fueler Jan 19
Nikola Corporation to Report Q4, 2022 Results on Feb 23, 2023 Jan 18 Nikola Corporation Moves Battery Manufacturing from Cypress, Calif. to Its Coolidge, Ariz. Manufacturing Facility Jan 14
Director recently sold €1.7m worth of stock Dec 16
Nikola Corporation Announces Departure of Pablo M. Koziner, President, Commercial Nov 19
Nikola Corporation Announces Bruce Kurtt as Senior Vice President of Sales and Commercial Operations Nov 17
High number of new and inexperienced directors Nov 16
Nikola Corporation Announces Executive Chages Nov 04
Nikola Corporation (NasdaqGS:NKLA) completed the acquisition of Romeo Power, Inc. (NYSE:RMO) from a group of shareholders. Oct 14
Nikola Corporation Announces Board Changes Oct 08
Nikola Corporation to Report Q3, 2022 Results on Nov 03, 2022 Oct 07
President & Director recently sold €102k worth of stock Sep 10
Nikola Announces Key Leadership Changes to Strengthen Commercial and Energy Initiatives Aug 31
Insider recently bought €17m worth of stock Aug 26 Nikola Corporation Announces Executive Changes
Nikola Corporation Provides Production Guidance for the Third Quarter of Fiscal Year 2022 Aug 06
Nikola Corporation Provides Production Guidance for the Fiscal Year 2022 Aug 05
Nikola Corporation (NasdaqGS:NKLA) entered into a definitive agreement to acquire Romeo Power, Inc. (NYSE:RMO) from a group of shareholders for approximately $150 million. Aug 02
Nikola Corporation Displays Zero-Emissions Class 8 Battery-Electric Vehicle and Fuel Cell Electric Vehicle in Washington D.C Jul 14
Nikola Corporation to Report Q2, 2022 Results on Aug 04, 2022 Jul 12
Nikola Corporation Celebrates the CustomerLaunch of Serial Production in Coolidge, Arizona Apr 28
High number of new and inexperienced directors Apr 27
Nikola Corporation, Annual General Meeting, Jun 01, 2022 Apr 21
Nikola Corporation Announces Resignation of Sophia Jin from Board of Directors Apr 15
Nikola Corporation to Report Q1, 2022 Results on May 05, 2022 Apr 08
High number of new and inexperienced directors Mar 21
Nikola Corporation Announces Executive Changes Feb 25
Nikola Corporation Appoints Michael Lohscheller as President of Nikola Motor Feb 24
President of Energy & Commercial recently sold €83k worth of stock Dec 12
Financial Position Analysis
Short Term Liabilities: NKL2's short term assets ($391.5M) exceed its short term liabilities ($335.8M).
Long Term Liabilities: NKL2's short term assets ($391.5M) exceed its long term liabilities ($321.0M).
Debt to Equity History and Analysis
Debt Level: NKL2's net debt to equity ratio (29%) is considered satisfactory .
Reducing Debt: NKL2's debt to equity ratio has increased from 2.4% to 81.9% over the past 5 years.
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: NKL2 has sufficient cash runway for 4 months based on last reported free cash flow , but has since raised additional capital.
Forecast Cash Runway: NKL2 is forecast to have sufficient cash runway for 6 months based on free cash flow estimates , but has since raised additional capital.
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