Nikola Balance Sheet Health
Financial Health criteria checks 4/6
Nikola has a total shareholder equity of $586.3M and total debt of $243.3M, which brings its debt-to-equity ratio to 41.5%. Its total assets and total liabilities are $1.2B and $565.9M respectively.
Key information
41.5%
Debt to equity ratio
US$243.34m
Debt
Interest coverage ratio | n/a |
Cash | US$349.71m |
Equity | US$586.28m |
Total liabilities | US$565.88m |
Total assets | US$1.15b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: 1NKLA's short term assets ($469.3M) exceed its short term liabilities ($271.3M).
Long Term Liabilities: 1NKLA's short term assets ($469.3M) exceed its long term liabilities ($294.6M).
Debt to Equity History and Analysis
Debt Level: 1NKLA has more cash than its total debt.
Reducing Debt: 1NKLA's debt to equity ratio has increased from 2.3% to 41.5% 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: 1NKLA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 1NKLA has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 37.3% each year.