Workhorse Group Financial Health
How is Workhorse Group's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: WKHS's short term assets ($163.2M) exceed its short term liabilities ($60.4M).
Long Term Liabilities: WKHS's short term assets ($163.2M) exceed its long term liabilities ($10.2M).
Debt to Equity History and Analysis
Debt Level: WKHS is debt free.
Reducing Debt: WKHS has no debt compared to 5 years ago when its debt to equity ratio was 16.1%.
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 more than a year based on its current free cash flow.
Forecast Cash Runway: WKHS has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 34% each year.