Workhorse Group Balance Sheet Health
Financial Health criteria checks 6/6
Workhorse Group has a total shareholder equity of $58.6M and total debt of $9.6M, which brings its debt-to-equity ratio to 16.5%. Its total assets and total liabilities are $105.4M and $46.7M respectively.
Key information
16.5%
Debt to equity ratio
US$9.65m
Debt
| Interest coverage ratio | n/a |
| Cash | US$5.31m |
| Equity | US$58.64m |
| Total liabilities | US$46.74m |
| Total assets | US$105.38m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1WO0's short term assets ($59.5M) exceed its short term liabilities ($41.7M).
Long Term Liabilities: 1WO0's short term assets ($59.5M) exceed its long term liabilities ($5.0M).
Debt to Equity History and Analysis
Debt Level: 1WO0's net debt to equity ratio (7.4%) is considered satisfactory.
Reducing Debt: 1WO0 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: 1WO0 has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 1WO0 is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.