Nikola Balance Sheet Health
Financial Health criteria checks 4/6
Nikola has a total shareholder equity of $719.2M and total debt of $245.5M, which brings its debt-to-equity ratio to 34.1%. Its total assets and total liabilities are $1.3B and $555.7M respectively.
Key information
34.1%
Debt to equity ratio
US$245.52m
Debt
| Interest coverage ratio | n/a |
| Cash | US$466.36m |
| Equity | US$719.17m |
| Total liabilities | US$555.68m |
| Total assets | US$1.27b |
Recent financial health updates
Recent updates
Nikola Stock Surges Past $1 Milestone After Nearly 4 Months; Is It A Buy Now?
Apr 01Nikola Corporation: Weak 2024 Outlook With More Dilution Likely Ahead - Sell
Mar 01Earnings Release: Here's Why Analysts Cut Their Nikola Corporation (NASDAQ:NKLA) Price Target To US$2.33
May 11
No Room For Nikola In Booming Industry
Oct 12Nikola turns positive on extension of exchange offer to acquire Romeo Power
Sep 27Nikola: It Needs More Than The Inflation Reduction Act
Aug 26Nikola gains amid vague takeover speculation
Aug 12Nikola: Bleeding Edge
Aug 04Nikola: Cash Burn Rate Raises Dilution Questions Ahead Of Shareholder Meeting
Jun 28Nikola Still Trades At A Risky Multiple
Jun 17Financial Position Analysis
Short Term Liabilities: NKLA's short term assets ($572.4M) exceed its short term liabilities ($260.1M).
Long Term Liabilities: NKLA's short term assets ($572.4M) exceed its long term liabilities ($295.6M).
Debt to Equity History and Analysis
Debt Level: NKLA has more cash than its total debt.
Reducing Debt: NKLA's debt to equity ratio has increased from 2.2% to 34.1% over the past 5 years.
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: NKLA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NKLA has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 39.4% each year.