Nikola Balance Sheet Health
Financial Health criteria checks 3/6
Nikola has a total shareholder equity of $523.6M and total debt of $244.5M, which brings its debt-to-equity ratio to 46.7%. Its total assets and total liabilities are $1.1B and $586.4M respectively.
Key information
46.7%
Debt to equity ratio
US$244.48m
Debt
| Interest coverage ratio | n/a |
| Cash | US$258.83m |
| Equity | US$523.55m |
| Total liabilities | US$586.36m |
| Total assets | US$1.11b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8NI's short term assets ($430.1M) exceed its short term liabilities ($281.3M).
Long Term Liabilities: 8NI's short term assets ($430.1M) exceed its long term liabilities ($305.0M).
Debt to Equity History and Analysis
Debt Level: 8NI has more cash than its total debt.
Reducing Debt: 8NI's debt to equity ratio has increased from 2.3% to 46.7% 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: 8NI has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 8NI has less than a year of cash runway if free cash flow continues to reduce at historical rates of 33.1% each year