Canoo Balance Sheet Health
Financial Health criteria checks 4/6
Canoo has a total shareholder equity of $244.0M and total debt of $83.3M, which brings its debt-to-equity ratio to 34.1%. Its total assets and total liabilities are $542.0M and $298.0M respectively.
Key information
34.1%
Debt to equity ratio
US$83.29m
Debt
| Interest coverage ratio | n/a |
| Cash | US$12.71m |
| Equity | US$243.97m |
| Total liabilities | US$298.04m |
| Total assets | US$542.01m |
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 11Canoo: Heavily Shorted, But For Good Reason
Jul 23Canoo bid up on electric vehicle partnership upside
Jan 11Canoo stock continues its bouncy ride since going public
Jan 05Financial Position Analysis
Short Term Liabilities: GOEV's short term assets ($32.6M) do not cover its short term liabilities ($184.4M).
Long Term Liabilities: GOEV's short term assets ($32.6M) do not cover its long term liabilities ($113.6M).
Debt to Equity History and Analysis
Debt Level: GOEV's net debt to equity ratio (28.9%) is considered satisfactory.
Reducing Debt: GOEV's debt to equity ratio has reduced from 330.8% to 34.1% 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: 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 1 months based on free cash flow estimates, but has since raised additional capital.