Workhorse Group Balance Sheet Health
Financial Health criteria checks 6/6
Workhorse Group has a total shareholder equity of $83.1M and total debt of $20.2M, which brings its debt-to-equity ratio to 24.3%. Its total assets and total liabilities are $141.7M and $58.6M respectively.
Key information
24.3%
Debt to equity ratio
US$20.18m
Debt
Interest coverage ratio | n/a |
Cash | US$25.85m |
Equity | US$83.11m |
Total liabilities | US$58.56m |
Total assets | US$141.67m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1WO's short term assets ($93.8M) exceed its short term liabilities ($53.3M).
Long Term Liabilities: 1WO's short term assets ($93.8M) exceed its long term liabilities ($5.3M).
Debt to Equity History and Analysis
Debt Level: 1WO has more cash than its total debt.
Reducing Debt: 1WO had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: 1WO has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 1WO is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.