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.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/03/27 01:54 |
| End of Day Share Price | 2024/03/27 00:00 |
| Earnings | 2023/12/31 |
| 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 |
| |
| 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
Electrameccanica Vehicles Corp. is covered by 6 analysts. 1 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 |
|---|---|
| Victor Anthony | Aegis Capital Corporation |
| William Sutherland | Benchmark Company |
| Michael Shlisky | Colliers Securities |