Workhorse Group Balance Sheet Health
Financial Health criteria checks 4/6
Workhorse Group has a total shareholder equity of $47.3M and total debt of $13.2M, which brings its debt-to-equity ratio to 27.9%. Its total assets and total liabilities are $101.4M and $54.2M respectively.
Key information
27.9%
Debt to equity ratio
US$13.18m
Debt
| Interest coverage ratio | n/a |
| Cash | US$3.24m |
| Equity | US$47.26m |
| Total liabilities | US$54.15m |
| Total assets | US$101.41m |
Recent financial health updates
Recent updates
Workhorse Group (NASDAQ:WKHS) Will Have To Spend Its Cash Wisely
May 16
Workhorse: Real Company Priced For Disaster
Oct 14We're Keeping An Eye On Workhorse Group's (NASDAQ:WKHS) Cash Burn Rate
Sep 23Workhorse: Resolving Concerns And Gearing Up For Production
Aug 04If Workhorse Fails, It Fails
Jul 06Workhorse Group, Inc: Bleeding Cash Puts 2022 Business Plan In Limbo
Apr 18Workhorse Stock Forecast: What To Watch For In 2022
Jan 20Workhorse: When It Rains, It Pours
Dec 03Where Will Workhorse Stock Be In 5 Years? At This Rate, Gone
Oct 01Workhorse Stock Forecast For 2025: Risks And Opportunities To Consider
Sep 20We Think Shareholders Should Be Aware Of Some Factors Beyond Workhorse Group's (NASDAQ:WKHS) Profit
Aug 17Workhorse Group - Flawed Vehicle Design Likely To Cause Debt Issues Early Next Year
Aug 12Financial Position Analysis
Short Term Liabilities: WKHS's short term assets ($57.5M) exceed its short term liabilities ($49.6M).
Long Term Liabilities: WKHS's short term assets ($57.5M) exceed its long term liabilities ($4.6M).
Debt to Equity History and Analysis
Debt Level: WKHS's net debt to equity ratio (21%) is considered satisfactory.
Reducing Debt: WKHS 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: WKHS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: WKHS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 21.4% each year
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 01:53 |
| End of Day Share Price | 2024/12/20 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 |
| |
| 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
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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
Workhorse Group Inc. is covered by 10 analysts. 3 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 |
|---|---|
| Christopher Souther | B. Riley Securities, Inc. |
| Gregory Lewis | BTIG |
| Michael Shlisky | Colliers Securities |