Xos Balance Sheet Health
Financial Health criteria checks 4/6
Xos has a total shareholder equity of $45.2M and total debt of $21.9M, which brings its debt-to-equity ratio to 48.4%. Its total assets and total liabilities are $93.7M and $48.5M respectively.
Key information
48.4%
Debt to equity ratio
US$21.87m
Debt
| Interest coverage ratio | n/a |
| Cash | US$11.64m |
| Equity | US$45.20m |
| Total liabilities | US$48.49m |
| Total assets | US$93.68m |
Recent financial health updates
Recent updates
Xos, Inc. (NASDAQ:XOS) Analysts Are Cutting Their Estimates: Here's What You Need To Know
May 14
Analyst Forecasts Just Became More Bearish On Xos, Inc. (NASDAQ:XOS)
May 12Xos delivers 88 units in Q3
Oct 05Xos: Secular Growth Catalyst With Huge Potential Upside
Sep 28Xos gains on announcing partnership with Shipx
Sep 20Xos announces strategic partnership with NationaLease
Aug 17Xos nabs purchase order from AUSEV, first expansion into Australia
Jul 29Xos delivers 73 units in Q2
Jul 19Xos nabs purchase order for 10 Stepvans from Zeem Solutions
Jul 12Xos delivers 58 battery-electric stepvans to Merchants Fleet
Jul 06Xos delivers three battery-electric stepvans to Fedex ground operator in Canada
Jun 30We Believe Xos' (NASDAQ:XOS) Earnings Are A Poor Guide For Its Profitability
May 17Xos: FY 2021 Review And 2022 Prospects
Apr 26Xos: A Binary Play On Electric Vehicles
Apr 01Xos: A Quiet EV Player, Early Mover, Potential Long-Term Winner
Sep 27Financial Position Analysis
Short Term Liabilities: XOS's short term assets ($71.7M) exceed its short term liabilities ($19.6M).
Long Term Liabilities: XOS's short term assets ($71.7M) exceed its long term liabilities ($28.9M).
Debt to Equity History and Analysis
Debt Level: XOS's net debt to equity ratio (22.6%) is considered satisfactory.
Reducing Debt: XOS 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: XOS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: XOS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 32.6% each year