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Canoo Balance Sheet Health
Financial Health criteria checks 4/6
Canoo has a total shareholder equity of $222.0M and total debt of $74.9M, which brings its debt-to-equity ratio to 33.7%. Its total assets and total liabilities are $523.3M and $301.3M respectively.
Key information
33.7%
Debt to equity ratio
US$74.86m
Debt
| Interest coverage ratio | n/a |
| Cash | US$5.71m |
| Equity | US$221.96m |
| Total liabilities | US$301.33m |
| Total assets | US$523.29m |
Recent financial health updates
Recent updates
Canoo stock surges on order for 9,300 EVs
Oct 17Canoo: Saved From The Brink By Walmart
Oct 07Canoo: Buy This Cheap EV Stock For The Long Term
Sep 07Canoo: Yet Another SPAC Birthed EV Debacle
Aug 21EV stock Canoo tumbles after second quarter's results
Aug 09Canoo discloses ~$7.37M share sale by DD Global
Jul 21Canoo stock jumps after the U.S. Army selects it's multi-purpose platform for analysis and demonstration
Jul 14Canoo Is Fighting For Its Life
Jun 19Canoo: A Sinking EV Maker, Investors Should Don Lifejackets
Mar 22Canoo's High Cash Burn May Lead To Further Dilution
Mar 11Canoo Vs. Workhorse: Which Automobile Stock Is The Better Buy?
Jan 31Financial Position Analysis
Short Term Liabilities: GOEV's short term assets ($29.0M) do not cover its short term liabilities ($202.3M).
Long Term Liabilities: GOEV's short term assets ($29.0M) do not cover its long term liabilities ($99.0M).
Debt to Equity History and Analysis
Debt Level: GOEV's net debt to equity ratio (31.2%) is considered satisfactory.
Reducing Debt: GOEV 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: GOEV has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: GOEV is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/20 06:58 |
| End of Day Share Price | 2025/01/17 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Canoo Inc. is covered by 5 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Michael Legg | Benchmark Company |
| John Murphy | BofA Global Research |
| Amit Dayal | H.C. Wainwright & Co. |