Workhorse Group Balance Sheet Health
Financial Health criteria checks 6/6
Workhorse Group has a total shareholder equity of $83.1M and total debt of $20.2M, which brings its debt-to-equity ratio to 24.3%. Its total assets and total liabilities are $141.7M and $58.6M respectively.
Key information
24.3%
Debt to equity ratio
US$20.18m
Debt
| Interest coverage ratio | n/a |
| Cash | US$25.85m |
| Equity | US$83.11m |
| Total liabilities | US$58.56m |
| Total assets | US$141.67m |
Recent financial health updates
Workhorse Group (NASDAQ:WKHS) Will Have To Spend Its Cash Wisely
May 16
We're Keeping An Eye On Workhorse Group's (NASDAQ:WKHS) Cash Burn Rate
Sep 23Workhorse Group (NASDAQ:WKHS) May Not Be Profitable But It Seems To Be Managing Its Debt Just Fine, Anyway
May 12Recent updates
Workhorse Group (NASDAQ:WKHS) Will Have To Spend Its Cash Wisely
May 16Workhorse: 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 12Workhorse Group: Prepare For The Worst
Jul 29Workhorse: Not Out Of The Race Yet
Jul 18Workhorse: Emerging Short-Squeeze Battleground, Exit Opportunity For Fundamentally Driven Investors
Jun 13Workhorse Group (NASDAQ:WKHS) May Not Be Profitable But It Seems To Be Managing Its Debt Just Fine, Anyway
May 12Plan for electric postal trucks gaining traction among Democrats
May 10Putting My Workhorse Short Thesis To Rest With Advice From Warren Buffett To All EV Investors
May 07Financial Position Analysis
Short Term Liabilities: WKHS's short term assets ($93.8M) exceed its short term liabilities ($53.3M).
Long Term Liabilities: WKHS's short term assets ($93.8M) exceed its long term liabilities ($5.3M).
Debt to Equity History and Analysis
Debt Level: WKHS has more cash than its total debt.
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 sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: WKHS is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.