Workhorse Group Balance Sheet Health
Financial Health criteria checks 4/6
Workhorse Group has a total shareholder equity of $47.3M and total debt of $13.2M, which brings its debt-to-equity ratio to 27.9%. Its total assets and total liabilities are $101.4M and $54.2M respectively.
Key information
27.9%
Debt to equity ratio
US$13.18m
Debt
| Interest coverage ratio | n/a |
| Cash | US$3.24m |
| Equity | US$47.26m |
| Total liabilities | US$54.15m |
| Total assets | US$101.41m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0A3U's short term assets ($57.5M) exceed its short term liabilities ($49.6M).
Long Term Liabilities: 0A3U's short term assets ($57.5M) exceed its long term liabilities ($4.6M).
Debt to Equity History and Analysis
Debt Level: 0A3U's net debt to equity ratio (21%) is considered satisfactory.
Reducing Debt: 0A3U 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: 0A3U has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 0A3U has less than a year of cash runway if free cash flow continues to reduce at historical rates of 24.7% each year