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
US$310.59m
Debt
| 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
Recent updates
Financial Position Analysis
Short Term Liabilities: 8NI0's short term assets ($391.5M) exceed its short term liabilities ($335.8M).
Long Term Liabilities: 8NI0's short term assets ($391.5M) exceed its long term liabilities ($321.0M).
Debt to Equity History and Analysis
Debt Level: 8NI0's net debt to equity ratio (29%) is considered satisfactory.
Reducing Debt: 8NI0's debt to equity ratio has increased from 2.4% to 81.9% 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: 8NI0 has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 8NI0 is forecast to have sufficient cash runway for 6 months based on free cash flow estimates, but has since raised additional capital.