Electrameccanica Vehicles Balance Sheet Health
Financial Health criteria checks 6/6
Electrameccanica Vehicles has a total shareholder equity of $73.1M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $94.1M and $21.0M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$65.45m |
| Equity | US$73.06m |
| Total liabilities | US$21.05m |
| Total assets | US$94.11m |
Recent financial health updates
Here's Why We're A Bit Worried About Electrameccanica Vehicles' (NASDAQ:SOLO) Cash Burn Situation
Oct 06
Is Electrameccanica Vehicles (NASDAQ:SOLO) In A Good Position To Invest In Growth?
Jun 15We Think Electrameccanica Vehicles (NASDAQ:SOLO) Needs To Drive Business Growth Carefully
Jan 12Here's Why We're Watching Electrameccanica Vehicles' (NASDAQ:SOLO) Cash Burn Situation
Aug 16We Think Electrameccanica Vehicles (NASDAQ:SOLO) Can Afford To Drive Business Growth
Apr 06Recent updates
Here's Why We're A Bit Worried About Electrameccanica Vehicles' (NASDAQ:SOLO) Cash Burn Situation
Oct 06Is Electrameccanica Vehicles (NASDAQ:SOLO) In A Good Position To Invest In Growth?
Jun 15We Think Electrameccanica Vehicles (NASDAQ:SOLO) Needs To Drive Business Growth Carefully
Jan 12Is There An Opportunity With Electrameccanica Vehicles Corp.'s (NASDAQ:SOLO) 24% Undervaluation?
Oct 13ElectraMeccanica stock gains on license to sell SOLO EV in Arizona
Oct 06ElectraMeccanica Vehicles names new CFO and Compliance Chief
Aug 23Here's Why We're Watching Electrameccanica Vehicles' (NASDAQ:SOLO) Cash Burn Situation
Aug 16Electrameccanica Vehicles GAAP EPS of -$0.17, revenue of $1.55M
Aug 11A Look At The Intrinsic Value Of Electrameccanica Vehicles Corp. (NASDAQ:SOLO)
Jul 15ElectraMeccanica: Does The Company Have A Role To Play In The Future Of Transportation?
Jun 09We Think Electrameccanica Vehicles (NASDAQ:SOLO) Can Afford To Drive Business Growth
Apr 06ElectraMeccanica CEO Kevin Pavlov - Developing & Selling Electric Vehicles
Jan 18Companies Like Electrameccanica Vehicles (NASDAQ:SOLO) Are In A Position To Invest In Growth
Dec 30Financial Position Analysis
Short Term Liabilities: SOLO's short term assets ($70.9M) exceed its short term liabilities ($5.3M).
Long Term Liabilities: SOLO's short term assets ($70.9M) exceed its long term liabilities ($15.7M).
Debt to Equity History and Analysis
Debt Level: SOLO is debt free.
Reducing Debt: SOLO has no debt compared to 5 years ago when its debt to equity ratio was 0.03%.
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: SOLO has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SOLO has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 35.6% each year.