Canoo Balance Sheet Health
Financial Health criteria checks 3/6
Canoo has a total shareholder equity of $184.3M and total debt of $95.7M, which brings its debt-to-equity ratio to 51.9%. Its total assets and total liabilities are $544.7M and $360.4M respectively.
Key information
51.9%
Debt to equity ratio
US$95.66m
Debt
| Interest coverage ratio | n/a |
| Cash | US$3.66m |
| Equity | US$184.26m |
| Total liabilities | US$360.41m |
| Total assets | US$544.68m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9XK0's short term assets ($32.4M) do not cover its short term liabilities ($201.2M).
Long Term Liabilities: 9XK0's short term assets ($32.4M) do not cover its long term liabilities ($159.2M).
Debt to Equity History and Analysis
Debt Level: 9XK0's net debt to equity ratio (49.9%) is considered high.
Reducing Debt: 9XK0 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: 9XK0 has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 9XK0 is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.