Lion Electric Balance Sheet Health
Financial Health criteria checks 4/6
Lion Electric has a total shareholder equity of $358.9M and total debt of $224.9M, which brings its debt-to-equity ratio to 62.7%. Its total assets and total liabilities are $841.1M and $482.2M respectively.
Key information
62.7%
Debt to equity ratio
US$224.94m
Debt
| Interest coverage ratio | n/a |
| Cash | US$29.89m |
| Equity | US$358.91m |
| Total liabilities | US$482.21m |
| Total assets | US$841.12m |
Recent financial health updates
No updates
Recent updates
Lion Electric: Turning Bearish On Revenue Miss (Rating Downgrade)
Mar 05Lion Electric: Surviving The Electric Vehicle Carnage Will Be Difficult
Dec 06Lion Electric: A Hold Considering Financing And Profitability Factors
Sep 26Lion Electric: High Risk, But Attractive Price Level
Jul 17Lion Electric completes sale-leaseback transaction with BTB for C$28M
Feb 02Lion Electric produces first lithium-ion battery pack at it's facility
Dec 22Lion Electric stock drops 12% aftermarket on launch of marketed public offering
Dec 12Lion Electric secures C$30M credit facility
Nov 09The Lion Electric: New Facilities May Justify Higher Price
Sep 11Lion Electric CEO buys C$249.95K in company shares
Aug 31Lion Electric Q2 2022 Earnings Preview
Aug 04Lion Electric: Could Common Shares See Upside As Electrification Accelerates?
May 04A First Look At The Lion Electric Company
Apr 14Lion Electric Hunts Down The Electric Dream
Sep 28Lion Electric appoints Francois Beaulieu as Chief Information Officer
Jun 07Financial Position Analysis
Short Term Liabilities: LEV's short term assets ($356.7M) exceed its short term liabilities ($145.7M).
Long Term Liabilities: LEV's short term assets ($356.7M) exceed its long term liabilities ($336.5M).
Debt to Equity History and Analysis
Debt Level: LEV's net debt to equity ratio (54.3%) is considered high.
Reducing Debt: LEV's debt to equity ratio has reduced from 454.7% to 62.7% 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: LEV has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LEV has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 43.3% each year.