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 31Canoo: A High-Potential Electric Vehicle Stock
Dec 03Canoo Holds Value Following EV Pullbacks And Has Upcoming Catalysts For Next Year
Oct 11Financial 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.